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15 Cards in this Set
- Front
- Back
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Absentee Owner |
An individual or corporation that owns a particular property without actually occupying it. |
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Appraisal |
An estimate of the value of property resulting from an analysis of facts about the property. An opinion of value. |
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Appraiser |
One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal processes. |
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Broker Price Opinion (BPO) |
A broker's or licensed real estate professional's opinion of the value of a property. |
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Business Broker |
An individual or company that helps facilitate the sale of a business and earn a commission or fee in the process. |
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Business opportunity |
A business investment that allows the buyer to begin a business. It may include real estate along with the business or just the business within a leased space. |
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Dedication |
Commitment to a task or purpose. |
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Follow-up |
Appropriate action taken as a result of information gained. |
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Multiple Listing Service (MLS) |
An organization of brokers who have agreed to cooperate with member brokers in marketing listings. |
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Property Management |
A branch of the real estate business involving the marketing, operation, maintenance, and day-to-day financing of rental properties. |
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Real Estate Brokerage |
An organization with at least one real estate broker acting as the agent for others and negotiating the sale or rental of real property for a fee. |
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Subdivision Plat Map |
A plan of a tract of land subdivided into lots and showing required or planned amenities. |
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Uniform Standards of Professional Appraisal Practice (USPAP) |
Establishes the requirements for professional appraisal practice. |
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Real estate broker |
A person or organization acting as the agent for others in negotiating the purchase and sale of real property for a fee. |
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Mortgage broker |
A broker who arranges a loan between a lender and a borrower for a fee. |
