Category: Real Estate Terms
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Real Estate Agent Showing Property Without A State License
Real Estates agents are under a set of laws that determine where and how they can transact real estate deals. A license in one state does not give them the right to practice real estate in any state. A Real Estate agent or broker cannot sell or transact a real estate deal for commission or…
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Why Is Real Estate Called ‘Real Estate’?
Real Estate is one of those series of words that many of us use daily. We may not realize the history and story behind why real estate is called “real estate.” The word Real Estate comes from the Latin word realis, but it refers ideally to the physical and economic characteristics of real estate or…
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Can You Take The Real Estate Exam Without Taking Any Classes?
Becoming a Real Estate agent in the United States requires you to take a real estate exam for the state or area where you want to sell real estate. Each state will have some slightly different real estate laws. Most states require that you show that you have taken and completed a certain number of…
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Do Real Estate Agents Get Paid If They Do Not Sell?
The question of how Real Estate agents get paid is a significant one. As new models have emerged in the real estate market, there are additional ways for agents to get paid. Real Estate agents usually get paid on a commission base; they close on the sale of the property, and then they get paid.…
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What Does The Term “COE” Mean In Real Estate?
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…
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Differences: Promoter And Developer In Real Estate Projects
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…