Real Estate has an entirely new language, one of which is the abbreviation that some people use, which is COE. COE is the abbreviation for the National Association of Realtors (NAR) Code of Ethics. The COE, or the Code of Ethics, is considered one of the core guiding principles of the real estate industry. The…
You may hear two words regarding a real estate project: real estate developer and real estate promotor. Even though the roles can sometimes overlap, they are entirely different real estate roles. The real estate developer is the individual or company responsible for building and renovating the land, home, office, retail center, and industrial site. The…
Situs is one of those funny terms in real estate that many people may hear but are not sure what it means. Situs is a legal term that refers to the location or jurisdiction of where the property is located. Situs does not have to do with just real estate property but can be for…
There is a term used for property owners as a life estate in real estate. The life estate is used quite a bit in the United States for trust transactions. A life estate is when a person is granted the right to use the property for the term of their life. Once the life estate…