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Jun 15, 2021 · 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.
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.
20 hours ago · Blank-check company YHN Acquisition I on Friday filed for an initial public offering with the U.S. Securities and Exchange Commission. The special-purpose acquisition company said it plans to sell ...
Mar 19, 2024 · So long, 6% commission. For decades, real estate commissions have been somewhat standardized, with most home sellers paying 5% to 6% commission to cover both the listing agent and the buyer’s agent.
- jack.flemming@latimes.com
- Staff Writer
Mar 19, 2024 · The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents’ services and lower the cost for sellers who typically now cover the commission costs for the buyer’s agent, as well as their own.
Mar 15, 2024 · A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms the American real estate market has seen in ...
1. Master the 3 Ps of Real Estate Negotiation: Push, Pull, Persist. Ryan Serhant, broker, CEO and founder, SERHANT. “For negotiations, we follow the 3 Ps: push, pull, and persist. This helps us have options as the discussions progress or regress. For example, we push information, data, proactive help, understanding and listening.
