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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.
A buyer’s agent is a real estate agent who represents the home buyer in a real estate transaction. They help buyers find suitable properties, negotiate the best terms, and guide them through the complex process of purchasing a home. A buyer’s agent advocates for their client’s interests throughout the transaction.
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.
Oct 25, 2018 · Appreciation. Appreciation is the amount a home increases in value over time. To calculate a home’s likely appreciation rate, add one to the annual appreciation rate, raise this to a power equal to the number of years you’d like to estimate, then multiply that by the current value of the property.
Here are ten real estate terms and definitions you should know before you start looking for a home. 1. Buyer’s Agent vs. Listing Agent. There are usually two agents involved when you buy a home; the “buyer’s agent,” who represents you, and the “listing agent,” who represents the home seller. Dual agency is when there is only one ...
Sep 7, 2022 · An event ingestor is a component or service that sits between event publishers and event consumers to decouple the production of an event stream from the consumption...
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Jul 21, 2021 · 100. What Does TBD Mean in Real Estate. TBD stands for to be determined. In real estate terms, this references a TBD loan approval. This is a type of approval where a buyer gets their income, assets, credit, and more examined in advance before identifying a property. TBD approvals are great for real estate agents because it shows the buyer is ...
