What is redlining in real estate? Redlining, both as a term and a practice, is often cited as originating with the federalHome Owners’ Loan Corporation (HOLC), a government agency created during the 1930s New Deal intended to aid homeowners who were in default on their mortgages and in ...
A real estate listing fee might seem like just another term in the complex world of real estate, but it plays a significant role in thehome-selling process. Grasping what a listing fee is, who pays it, and when it is paid can help you navigate your home sale more effectively and potent...
After the wholesale real estate contract is in place, the wholesaler attempts to find an interested investor. Once found, the wholesaler reassigns the contract to the investor at an agreed-upon higher price. The difference in prices is known as the wholesale fee and can be 5% to 10% of the...
owner’s agent for a specific purpose. The most common use of a listing contract is for the sale of a property. Real estate laws vary from place to place, so there are differences in the details of the contracts. Most jurisdictions require contracts that involve real estate to be in ...
What Is a Dual Agent? Agents enter dual agency when they represent both the seller and the buyer in the same transaction.Dual agencycan happen even if two agents are involved—a listing agent and a buyer's agent—if both agents work for the same broker. The real estate broker becomes the...
MLS stands for multiple listing service, the platform that real estate agents use to list properties for sale and find homes for buyers.
In market conditions with low absorption rates, a real estate agent may be forced to reduce a listing price to entice a sale. Alternatively, the agent can increase the price without sacrificing demand for the home if the market has a high absorption rate. The absorption rate is also important...
What is LTV in real estate? Loan-to-value(LTV) ratio is a number lenders use to determine how much risk they're taking on with a secured loan. It measures the relationship between the loan amount and the market value of the asset securing the loan, such as a house or car. ...
In the real estate industry, there are several key players, but for property owners wishing to sell their home, business, or land, a listing agent is the most important. This person is a real estate agent who contracts with a property owner to represent them in the sale of their property...
Real estate agents assist individuals, businesses, and investors in buying and selling properties. The industry is typically divided up into specialties. Sellers or listing agents help find buyers through the Multiple Listing Service or their professional contacts. They price your property, using list...