Category Archives: Definitions

Author – Joe Stephenson, REALTOR® I vividly remember the first time I encountered the term SFR. I was sitting in a real estate class, feeling both curious and a little unsure of myself. Picture a young, eager real estate agent hesitantly raising his hand and asking, “What does SFR mean in real estate?” That agent […]

Author – Joe Stephenson, REALTOR® A variance grants an exception to local zoning rules when a property’s unique characteristics or intended use cannot comply with standard regulations. Municipalities grant variances so that projects with legitimate constraints, like an irregular lot shape or a specialized facility need, can move forward without harming neighborhood character. Rather than […]

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 […]

(Updated June 2025) 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 […]

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 […]