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. To ascribe a property tax to a residence.

Real Estate License Exams For Dummies Real Estate Exam Real

The agent must account for all funds entrusted to her and not commingle combine client customer funds with her personal and or business funds.

Real estate terms for dummies. Real estate investing for dummies covers tried and proven real estate investing strategies that real people just like you use to build wealth. In real estate a broker or a salesperson can be the agent of a seller or a buyer. These brokers are able to work on their own or hire their own agents.

Here s a list of the fiduciary duties that an agent owes her client. Real estate terms that begin with d datum. Real estate agents 10 tips for long lasting success as a real estate sales agent it s one thing to be a real estate agent and another thing entirely to be a continuously.

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. Part of real estate license exams for dummies cheat sheet. When the real estate is in a condominium project the unit owner is the exclusive owner only of the air space within his or her portion of the building the unit and is an owner in common with respect to the land and other common portions of the property.

A real estate broker is a real estate agent who has passed a state broker s exam and met a minimum number of transactions. A horizontal plane from which heights and depths are measured. Investing in real estate isn t rocket science but does require doing your homework.

Until you started your real estate career you may have assumed there was just one kind of property ownership you either owned the property or you didn t. Well there are several types of property ownership and you need to know about them to pass the real estate license exam. Real estate investing for dummies cheat sheet.

Real estate terms definitions and dictionary related to real estate licensing and real estate exams. A qualified estate in which the grantee could lose his or her interest upon the occurrence or non occurrence of a specified event. A realtor is a real estate agent who specifically is a member of the national association of realtors.

This assessment is made for one primary reason. 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.