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This assessment is made for one primary reason. A real estate broker is a real estate agent who has passed a state broker s exam and met a minimum number of transactions.

Real Estate Terminology Accounting Accounting Student

Real estate glossary there is a lot of real estate terminology used during the home buying and selling process and century 21 is here to help you understand those terms.

Real estate terminology for dummies. 10 must haves for a successful real estate agent. A horizontal plane from which heights and depths are measured. Most real estate agents must work for a realtor or broker with additional training and certification.

Real estate owned reo refers to property owned by a bank government agency or other lender. Whereas a certified real estate appraiser can assign a certain value to one s property based on their statistical findings and general industry acumen an assessment filed by one s local government differs slightly. A qualified estate in which the grantee could lose his or her interest upon the occurrence or non occurrence of a specified event.

To be a successful real estate agent you need to be focused determined and organized. To ascribe a property tax to a residence. We have created a glossary of the most commonly used real estate terms and their definitions in order to help you better understand terminology used along your home buying or selling process.

A real estate agent is licensed to negotiate and coordinate the buying and selling of real estate transactions. These brokers are able to work on their own or hire their own agents. You also need a fe.

A realtor is a real estate agent who specifically is a member of the national association of realtors. Real estate terms that begin with d datum.