Category Archives: Definitions

REAL ESTATE AGENT / DEFINITIONS Real Examples for 2024 By: Joe Stephenson REALTOR® Table of Contents Terms like seller concessions, mortgage discount points, and down payment amount might sound complex, but understanding them could save you money. Seller concessions, in particular, can be a key part of making a deal work for both buyers and […]

REAL ESTATE AGENT / DEFINITIONS By: Joe Stephenson REALTOR® Industrial Real Estate Table of Contents What is Industrial Real Estate? Examples Types Physical Characteristics Industrial Property vs. Commercial Real Estate Different Class Types Popular Types of Investments FAQs Pros and Cons Contact What is Industrial Real Estate? Industrial real estate refers to properties that are […]

REAL ESTATE AGENT / DEFINITIONS By: Joe Stephenson REALTOR® Table of Contents Definition In the realm of real estate, exclusive agents refer to professionals who have entered into an exclusive agency agreement with a property seller. This legally binding contract grants the agent the sole right to market and sell the property. However, if the […]

REAL ESTATE AGENT / DEFINITIONS Definition Real estate agent software encompasses a broad range of digital tools designed to assist real estate professionals in managing their business operations more efficiently and effectively. By: Joe Stephenson REALTOR® Table of Contents Uses This type of software caters to the various needs throughout the property buying and selling […]

REAL ESTATE AGENT / DEFINITIONS By: Joe Stephenson REALTOR® What are Real Estate Encumbrances? Definition An encumbrance is a liability, claim, or charge on real estate. It is a responsibility, obligation, or debt associated with the real estate. Although a liability doesn’t necessarily obstruct the title’s transfer to another individual, it could potentially devalue the […]

REAL ESTATE AGENT / DEFINITIONS Author: Joe Stephenson REALTOR® What is a Listing in Real Estate? When it comes to the real estate industry, one term you’ll often come across is “listing”. But what is a listing in real estate? Listing Real Estate Definition A real estate listing refers to a property that is for […]

REAL ESTATE AGENT / DEFINITIONS Understanding Agency Relationships in Real Estate By: Joe Stephenson REALTOR® Table of Contents Definition Agency in real estate refers to the relationship between a real estate professional and their client. This relationship authorizes the agent to act on behalf of the client during a real estate transaction. Key aspects of […]

REAL ESTATE AGENT / DEFINITIONS By: Joe Stephenson REALTOR® Table of Contents Definition A transaction coordinator in real estate is a neutral third party who helps navigate the complexities of a real estate deal. This professional provides much-needed administrative assistance throughout the home buying and selling process. Here are some key points. Role and Duties […]

REAL ESTATE AGENT / DEFINITIONS Joe Stephenson REALTOR® Expert in real estate dynamics and dedicated to guiding clients through the complexities of property transactions with clarity and fairness. Table of Contents What is a Sub-Agent? Roles and Responsibilities Examples What Does a Sub-Agent Do? Limitations FAQs How to Get Started Join Our Newsletter Definition An […]

REAL ESTATE AGENT / DEFINITIONS Distressed properties often come up as a topic of interest. But what are distressed properties? By: Joe Stephenson REALTOR® Table of Contents Definition Distressed properties are homes or buildings that are in poor condition or whose owners cannot keep up with their mortgage payments. They can be a goldmine for […]