09 Apr What Is a Short Sale In Real Estate?
A short sale is when a property is sold at a price that is lower than the mortgage that is owed on it and the lender accepts the loss. While not the preferred option for...
Essentials
22 Mar What is MLS Grid?
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in Blog, Essentials, Multiple Listing Service, Real Estate Tech News, Real Estate US
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MLS Grid is a partnership of MLS that seeks to streamline the process of pulling property listing data from one or more of its members. The company does this by offering a standardized point of...
21 Mar What Are Closing Costs in Real Estate?
Closing costs are a variety of fees that are paid at the closing of a real estate transaction. These fees, which can total 2 percent to 7 percent of the final sale price, typically include...
11 Mar What Does Real Estate Mean?
Real estate means property, such as land, the buildings on it, and any natural resources within the property boundaries, such as minerals and crops. Real estate is distinguished as property that is physical and immovable,...
05 Mar How Do Real Estate Agents Get Listings?
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in Best Practices and Lead Generation, Blog, Essentials, Real Estate Basics
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Real estate agents get listings through a number of strategies, including networking with their target clientele and others who can provide referrals, using traditional and online marketing to reach potential customers, and employing old fashioned,...
01 Mar How The Real Estate Industry Works In the USA
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in Blog, Essentials, Real Estate Basics, Real Estate Technology, Real Estate US
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In the USA, the real estate industry works through agents and brokers. These licensed salespeople assist during a real estate transaction by marketing homes, communicating with attorneys, and negotiating on behalf of their clients, though...
26 Feb Are Real Estate Agents Happy?
Yes, real estate agents seem to be pretty happy. It’s not always the case, but real estate agents have ranked highly in several job satisfaction surveys since 2010. And some real estate companies, such as...
22 Feb Are Real Estate Fees Negotiable?
Yes, real estate fees are negotiable because virtually everything is negotiable in real estate, including the commission, closing costs, staging costs, and repairs. All together, sellers can expect to pay about 10 percent of the...
14 Feb Can Real Estate Agents Work From Home?
Yes, real estate agents can work from home, and many do. Others choose to work from the office despite having the option to work from home. Ultimately, it is a question of personal preference with...
12 Feb How Real Estate Commissions Work
Real estate commissions work as a percentage of the final sale price of a home or property. This fee (often 5-6%)* is negotiated on a case-by-case basis between the seller and the listing agent and...