Buying/Selling
Holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent
What is a lock box?
CMA
What is a Comparable Market Analysis?
Pledge of real property as security for a loan
What is a mortgage?
$42,700.
What is the average realtors salary?
An Exclusive agreement between a real estate broker and a home owner that allows the broker to market and arrange for the sale of the owner's home.
What is an Exclusive right to sell listing agreement?
GRI
What is Graduate Realtor Institute?
The ability to convert assets into cash
What is liquidity?
This is the website sponsored by NAR that offers real estate agents tools to valuate real esatate.
What is NARRPR.com?
The percentage of realtors who own secondary homes or investment properties.
What is 23%?
The document provided to the seller that shows an entire break down of their transaction and what they can expect to receive or have to pay at the closing table.
What is a seller net sheet?
The organization that collects, compiles and distributes information about homes listed for sale by its members.
What is MLS?
The value of parcel of real estate.
What is market value?
the nation’s leading independent real estate news service.
What is Inman News?
The term for the legal document that is most often used to transfer title of real estate from previous to new owner?
What is a deed?
Examples include Seller Agency, Buyer Agency, Dual Agency, and Designated Agency.
What is agency?
RPAC
What is Realtor Political Action Committee
The total amount of money generated from an investment after expenses have been paid.
What is Cash Flow?
publisher of Real Estate Magazine in print and online. Chock full of industry news, as well as tips and techniques to improve your business, its professional writers and contributors are the who’s who of the real estate industry.
What is RISMedia?
The number of days you have after the closing date of your property's that you have to identify a replacement property?
What is 45 days?
when A real estate broker lists their own property for sale, then signs a buyer agency agreement with a client, and in turn takes their buyer and puts the home that the broker owns under contract
What is a lawsuit?
This group is a legal entity that governs a community and helps to maintain and manage common areas.
What is an HOA?
The only guarantee a real estate can make when it comes to future values of real estate.
What is up or down?
Accounting, Care, Confidentiality, Disclosure, Loyalty, and Obedience
What are the fiduciary Duties of a real estate agent?
An independent third party recognized by the IRS as facilitators of 1031 exchanges .
What is a Qualified Intermediary?