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Aug 13, 2018 · Affiliations offer robust marketing and technology tools that can give agents an edge over the competition. They can help brokerages with staffing models that can fully support agents and brokers so that they can focus on their clients and concentrate on helping their business grow. “As a broker, you want to be able to deliver the best ...
When I looked up the difference between qualified vs. unqualified sales I found this: Sales are determined to be qualified if the sale price reflects an accurate dollar amount relative to the actual market value of the property. Sale are unqualified if the sale price is not reflective of the market value, involve multiple properties or those ...
Oct 13, 2021 · Whenever a real estate agent refers either a homeowner or buyer to a law firm, mortgage company or other associated settlement service, an affiliated business arrangement comes into existence. Therefore, a Disclosure Statement is required by law to be provided to and signed by the homeowner or buyer.
Mar 20, 2023 · 26. Equity. A percentage of the home’s value owned by the homeowner. 27. Escalation clause. A clause or addendum to a real estate contract or offer that states a buyer is willing to raise his or her offer price to a predetermined amount if the seller receives a higher competing offer for the property.
Nov 13, 2023 · A Realtor is a real estate agent who is a dues-paying member of the National Association of Realtors. NAR members are held to a high standard of professionalism and adhere to a strict code of ethics. Refinance. If a borrower takes out a new loan on the same property, it’s called a refinance.
Jun 15, 2021 · Business. 40 Common Real Estate Abbreviations and Acronyms. Written by MasterClass. Last updated: Jun 15, 2021 • 7 min read. The real estate industry uses several unique acronyms and abbreviations. Understanding these terms can be beneficial for buyers and sellers. The real estate industry uses several unique acronyms and abbreviations.
Rather, the requirement that an individual or firm offers or accepts cooperation and compensation means that the participant actively endeavors during the operation of its real estate business to list real property of the type listed on the MLS and/or to accept offers of cooperation and compensation made by listing brokers or agents in the MLS.
