Engel & Volkers
This is the year Engel & Völkers was founded in Hamburg, Germany.
1977
This document provides a detailed, itemized breakdown of all costs, credits, and fees associated with a real estate closing.
Closing Disclosure
This standard California form is most commonly used to make an offer to purchase residential real property.
Residential Purchase Agreement.
These three words make up the acronym MLS, the database used by real estate professionals to share property listings and cooperate on transactions.
Multiple Listing Service.
Often considered the highest-converting source of business, this type of lead comes from a recommendation made by someone who already knows and trusts you.
A referral
Engel & Völkers currently operates approximately this many shop locations across this many countries worldwide.
1,000+ in 35 countries
This illegal practice occurs when an escrow agent or broker mixes client trust funds with personal or business operating funds.
Commingling
This section of the Residential Purchase Agreement specifies the number of days the buyer has to complete inspections, review disclosures, and investigate the property.
Buyer's Investigation Contingency period in Paragraph 8.
This deposit is made by a buyer to demonstrate their good faith and serious intent to purchase a property.
Earnest Money Deposit
Name three marketing tools available to Engel & Völkers advisors.
This global Engel & Völkers publication showcases luxury real estate, travel, design, and lifestyle content.
GG Magazine
Once this final chronological document is recorded by the county, the transaction is officially closed and keys are released to the buyer.
Grant Deed
This California real estate document serves not only as the buyer's offer but also as the legally binding instructions directing escrow on the handling of funds and transfer of ownership.
Joint Escrow Instructions
This legal relationship is created when one person is authorized to act on behalf of another in a real estate transaction.
Agency
Name the Engel & Völkers resource available through the marketing department that can be customized for a seller consultation and used to help win more listings.
The Engel & Völkers Listing Presentation.
Approximately this many referrals were completed through the Engel & Völkers global referral network in 2025.
More than 2,300 referrals.
The 1974 Act that abolished kickbacks and unearned fees in real estate settlements.
RESPA
Real Estate Settlement Procedures Act
In the RPA, this specific paragraph states that the agreement itself becomes the Joint Escrow Instructions, which Escrow holder is to use along with any related Counter Offers and Addenda and any additional mutual instructions to close the escrow.
Paragraph 19 of the RPA
These four components make up the acronym PITI, which is commonly used to describe a homeowner's monthly mortgage payment.
Principal, Interest, Taxes, and Insurance
This term describes marketing a property to other real estate agents before it is officially entered into the MLS.
Coming Soon
These three core values form the foundation of the Engel & Völkers brand worldwide.
Competence, Exclusivity, and Passion
This acronym applies when a foreign individual or entity sells a US property, causing escrow to withhold a percentage for the IRS.
FIRPTA
Foreign Investment in Real Property Tax Act
This clause in the California Residential Purchase Agreement must comply with California Civil Code 1671 by ensuring the agreed-upon amount is reasonable and not punitive in the event of a buyer default.
Liquidated Damages Clause
These five rights comprise the "Bundle of Rights" associated with real property ownership.
Possession, Control, Exclusion, Enjoyment, and Disposition
This three-word phrase, commonly abbreviated as SEO, refers to the process of improving a website's visibility in search engine results.
Search Engine Optimization