Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2%
of rentals collected as compensation from the landlord to manage the property. If the rentals
received in a given month are $1,000,000, the manager's commission is $20,000.
Amount received by a real estate salesperson when a property is sold. For example, if the
commission rate is %% and the home is sold for $500,000, the commission would be $25,000.
Governmental agency that enforces legal statues in connection with real estate transactions.
A tenancy in which no written lease is involved, rent being paid monthly. It can be renewed for each succeeding month or terminated at the option of either party with sufficient notice. ...
Unfortunately, we encounter false advertising daily. False advertising refers to deceptive or misleading ads and commercials that fail to showcase a product’s or service’s ...
Method pf determining the geographic extent of a market for a given commercial property. This will determine the suitability of locating a specific commercial property in a certain area. ...
The term agricultural property means a type of land that has been designed or is permitted to engage in agricultural activities. Also referred to as agricultural land, agricultural ...
Contract to act on the behalf of a principal in selling real estate. The principal agrees to pay a commission to the broker when a buyer is produced who is ready, willing, and able to meet ...
The term proxy comes from the power of attorney by which the holder of stockholders in a real estate company transfers voting rights to another stockholder. A proxy fight may arise in which ...
We all aim for a debt-free retirement that comes with the peace of mind of no longer making payments. Mortgage payments are included there, and retiring with further payment required on ...
A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...
A champion rises above all other contenders for the title: which is the most beautiful and adorable town to visit in Tennessee? Though Nashville, the state capital, put up a decent fight, ...
The barrier island of Lowcountry in South Carolina holds plenty of cultural, historical, and recreational attractions for you to explore. If you plan to venture yourself into the heart of ...
The southernmost community of Alabama, Gulf Shores is a city located on the Gulf of Mexico with a population of about 11,400 people according to the 2017 census. With over 5 million ...
When you look at a city to consider relocating to, one of the most important things to search is whether it is an excellent place to live or not. Taking a look at San Antonio, Texas, the ...
If you want to spend your golden years in a place where you can enjoy the outdoors and where your family, grandchildren included can visit you and have a great time together, ...
You’ve searched all through the internet regarding how to close a real estate deal without an agent and now you’ve arrived here and we hope that you finally have the answer you ...
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