real estate broker
Home sale facilitator
A real estate broker is a licensed professional who facilitates property transactions between buyers and sellers.
Brokers have more training and authority than agents, often running their own firms and supervising other agents.
They handle negotiations, paperwork, and legal requirements for sales, purchases, and leases: We hired a real estate broker to sell the house.
Recorded item in catalog
- MLSShared property listing system
- appraisalEstimation of worth
- inspectionFormal assessment of condition
- valuationAssessment of monetary worth
zoning · residential · commercial · condominium · townhouse · single-family · multifamily · lot
Final stage of something
- escrowConditional third-party deposit
- contractsEnforceable written agreements
- title searchInvestigation of property ownership
- due diligencePre-transaction reasonable care
earnest money · contingency · pre-approval · underwriting · offer · counteroffer · purchase agreement · settlement
Catalog of held assets
- demandForceful request or requirement
- supplyFurnish or stock
- trendsPrevailing directions of change
- appreciationRecognition of worth
depreciation · buyer's market · seller's market · price reduction · bidding war · multiple offers · absorption rate · housing bubble
Represents purchasers in transactions
- seller's agentBroker representing the vendor
- showingsScheduled display events
- open houseUnrestricted visiting period
- prospectingSearching for mineral wealth
leads · referrals · qualifying · networking · cold calling · farming · sphere of influence
Payment for services rendered
- splitSeparation into parts
- percentageProportion out of hundred
- feePayment for service
- flat feeUnchanging service charge
referral fee · transaction fee · cap · bonus · draw
Official permission to practice
- fiduciaryAgent bound by loyalty
- ethicsStudy of right conduct
- continuing educationOngoing professional coursework after graduation
- franchiseLicensed business operation
code of ethics · professional standards · mentorship · supervision · sponsorship
Negotiating mutually acceptable terms
- counterofferAlternative terms proposed back
- concessionYielding a point
- termsConditions of an agreement
- leverageBorrowed capital for amplified returns
listing
Recorded item in catalog
- MLSShared property listing system
- appraisalEstimation of worth
- inspectionFormal assessment of condition
valuation · zoning · residential · commercial · condominium · townhouse · single-family · multifamily · lot · acreage
closing
Final stage of something
- escrowConditional third-party deposit
- contractsEnforceable written agreements
- title searchInvestigation of property ownership
due diligence · earnest money · contingency · pre-approval · underwriting · offer · counteroffer · purchase agreement · settlement · title insurance
inventory
Catalog of held assets
appreciation · depreciation · buyer's market · seller's market · price reduction · bidding war · multiple offers · absorption rate · housing bubble · market correction
buyer's agent
Represents purchasers in transactions
- seller's agentBroker representing the vendor
- showingsScheduled display events
- open houseUnrestricted visiting period
prospecting · leads · referrals · qualifying · networking · cold calling · farming · sphere of influence
commission
Payment for services rendered
- splitSeparation into parts
- percentageProportion out of hundred
- feePayment for service
flat fee · referral fee · transaction fee · cap · bonus · draw
licensure
Official permission to practice
- fiduciaryAgent bound by loyalty
- ethicsStudy of right conduct
- continuing educationOngoing professional coursework after graduation
franchise · code of ethics · professional standards · mentorship · supervision · sponsorship
bargaining
Negotiating mutually acceptable terms
- counterofferAlternative terms proposed back
- concessionYielding a point
- termsConditions of an agreement
leverage · persuasion · deal-making · price negotiation · win-win
- Brokersstockbroker, shipbroker, pawnbroker
- real estatehouse, home, apartment, property, sale
- professionsdoctor, lawyer, engineer, teacher, nurse
- leasinglease agreement, tenant, lease term, lease terms, rent
real estate brokermortgage lender
Finances real estate purchases
real estate developer · property developer · bank · homebuilder · construction company
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