Real Estate Definitions 

“Time is of the essence”
Agent
Agreement of sale
Alienation
Alienation clause
Amendments
Amenities
Appraisal
Appreciation
Arbitration
Assessment
Balloon payment
Beneficiary
Breach of contract
Broker
Broker Agent (Salesperson)
Brokerage Owner
Building restrictions
Business plan
Capital Gain
Capital investment
Capitalization
Capitalization Rate
Cash flow
Closing
Closing or Completion
CMA
Code of Ethics
Collateral
Commercial Property
Commercial Zone
Commission
Comparable (Comps, Sales Comps)
Comparable Market Analysis
Contingencies
SaleContract
Contract for deed
Cost approach
Counteroffer
Debt
Deed
Default 
Deposit or Down Payment
Down Payment
Earnest Money
Endorsement
Equity
Escrow
Exclusive Listing Agreement
Exclusive right  to sell listing
Exclusive-agency listing
Execution 
Executor
Expenses
Fixture
For Sale By Agent
For Sale By Owner (FSBO)
Foreclosure
Foreign Quota
Franchise
Fraud 
Freehold estate
Future interest
Grantee
Grantor
Heir
Highest and best use
Identity 
Income approach
Independent contractor
Industrial property
Inspection
Instalment Contract
Installment sale
Interest-in-real-estate
Joint tenancy
Joint venture
Judgment
Judgment clause
Land
Lease
Leasehold estate
Lessee
Lessor 
Lessor, Landlord, Property Owner
Letter of Intent (LOI)
Lien
Listing 
Listing Agreement
Loan
Management Agreement
Market price
Market value 
Market/data approach
Memorandum of Understanding (MOU)
Mortgage
Mortgage lien
Multi-Family
Multiple Listing Service (MLS)
Negligence
Net Income
Net lease
Net operating income
Non Disclosure Agreement (NDA)
Notary public
Novation
Open listing
Open Listing Agreement
Option
Ownership
Partnership
Power of attorney
Preliminary Deposit
Premises
Prepayment clause
Prepayment penalty
Priority
Property
Property Investment
Property management
Property Tax
Quota Letter
“Ready, willing, and able” 
Real estate
Real Estate Broker
Real Estate Property
Real Estate Purchase/Sale Agreement
REALTOR®
Rent
Rent schedule
Replacement cost
Resale
Residential 
Rights Over Leasehold Asset
Sales contract
Salesperson
Short sale / Fire Sale
Single Family
Specific Business Tax 
Spouse Consent

Stamp Duty
Subletting
Substitution
Survey
Tenant
Termination (lease)
Termination of listing
The original amount
The Terms “Agent” and “Broker” 
Title
Title Deed
Title Insurance
Transfer Fee
Value
Viewing Form
Withholding Tax
Yield
Zoning


Future interest


Future interest

The Rise of English Proficiency in Thailand: Trends and Predictions

In recent years, Thailand has witnessed a significant rise in English proficiency, a trend that is reshaping the country's socio-economic landscape. As globalization continues to influence various sectors, the ability to communicate in English has become a crucial skill for both individuals and businesses. This shift is not just a trend but a necessity, as English serves as a bridge to international markets, enhancing Thailand's competitiveness on the global stage.

Understanding the importance of English proficiency is vital for anyone looking to thrive in Thailand's evolving market. English is increasingly becoming the language of business, education, and tourism, making it an essential tool for economic growth. The Thai government has recognized this need and is actively promoting English language education through various initiatives aimed at improving the country's overall proficiency levels.

The Role of English in Thailand's Education System: Current and Future Perspectives

The integration of English into Thailand's education system has been a strategic move to prepare the future workforce for global challenges. Schools and universities are placing greater emphasis on English language courses, recognizing that proficiency in English can open doors to better job opportunities and higher education prospects abroad. This focus on English education is expected to continue, with future policies likely to further enhance language learning resources and teacher training programs.

However, the journey towards widespread English proficiency is not without its challenges. Many educational institutions face obstacles such as a lack of qualified English teachers and limited access to quality learning materials. Addressing these issues is crucial to ensuring that all students, regardless of their socio-economic background, have the opportunity to learn and excel in English.

English as a Tool for Economic Growth in Thailand

The economic implications of English proficiency are profound. As Thailand positions itself as a hub for international business and tourism, the demand for English-speaking professionals is on the rise. Companies are increasingly seeking employees who can communicate effectively with international clients and partners, making English proficiency a valuable asset in the job market.

Moreover, the tourism industry, a significant contributor to Thailand's economy, benefits greatly from a workforce that can cater to English-speaking tourists. Improved communication skills enhance the overall tourist experience, encouraging repeat visits and positive word-of-mouth promotion. This, in turn, boosts the country's economic growth and development.

Future Challenges and Opportunities for English Language Learning in Thailand

While the benefits of English proficiency are clear, there are challenges that need to be addressed to ensure continued progress. One major challenge is the disparity in English language education between urban and rural areas. Students in rural regions often have less access to quality English education, which can limit their future opportunities.

To overcome these challenges, innovative solutions such as online learning platforms and government-funded language programs are being explored. These initiatives aim to provide equal learning opportunities for all students, regardless of their location. By leveraging technology and investing in teacher training, Thailand can create a more inclusive and effective English language education system.

Government Initiatives to Promote English Proficiency in Thailand

The Thai government has launched several initiatives to promote English proficiency across the country. These include partnerships with international organizations to improve language teaching methodologies and the introduction of English language proficiency tests in schools. Such efforts are designed to raise the standard of English education and ensure that students are equipped with the skills needed to succeed in a globalized world.

Recommendation from REMAX Thailand for Real Estate Agents


For real estate agents in Thailand, English proficiency is not just an advantage but a necessity. REMAX Thailand recommends that agents invest in improving their English language skills to better serve international clients and expand their market reach. By doing so, agents can enhance their communication abilities, build stronger client relationships, and ultimately increase their sales potential.

Q&A

Q: Why is English proficiency important for Thailand's workforce?

A: English proficiency is crucial as it enhances communication with international markets, opens up job opportunities, and supports economic growth.

Q: What challenges does Thailand face in improving English education?

A: Challenges include a lack of qualified teachers, limited access to resources, and disparities between urban and rural education systems.

Q: How does English proficiency benefit Thailand's tourism industry?
A: It improves communication with tourists, enhances their experience, and encourages repeat visits, boosting the economy.

Q: What initiatives has the Thai government implemented to promote English learning?
A: Initiatives include partnerships for better teaching methods, proficiency tests in schools, and investment in language programs.