Topic: Real Estate Glossary
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Answers to Common Questions
What is the Meaning of Real Estate?
Real Estate is simply a piece of land that is sold by an individual who owns the property or it is sold by a relator. Real estate includes residential properties and businesses. Read More »
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What is a Real Estate Broker?
A real estate broker is a professional who helps sellers sell a property. A real estate broker usually has salespersons (real estate agents) to help with the process. Read More »
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What are Real Estate Taxes?
Real estate taxes are taxes paid on real estate property owned, and typically collected by a county taxing authority to cover expenses such as roads, sewer upkeep, and other county expenses. Real estate taxes are also collected by the Feder... Read More »
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More Common Questions
Answers to Other Common Questions
A real estate developer is a person or company, who buys or obtains a parcel of land and develops it for a certain purpose. For example, while one real estate developer may purchase a large tract of land and subdivide it into lots for singl...
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To flip real estate you need to find a really great deal on a property. It will be a fixer upper. You then fix the house up and then put it on the market at a higher price to make a profit.
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Source: http://answers.ask.com/Business/Finance/how_to_flip_real_estate
In real estate, points are a form of pre-paid interest. One point is equal to one percent of the loan amount. When a borrower is charged points, the lender increases the yield on the loan.
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Points are selling expenses incurred when buying and selling a house. Normally, the seller pays some points and the buyer pays some points.
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A real estate trust is the relationship between the agent and the client in a agency agreement. The trust basically dictates that whatever the agent knows the client should know as well and vice-versa.
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Each state has different laws and licensing requirements to engage in real estate commerce. Check with your state's real estate commission or professional licensing agency to find out more information on how to get into real estate in your ...
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It is basically Re-transferring title of property from one person to another, and/or the document which effects the the property transfer in the first place.
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Source: http://answers.ask.com/Business/Other/what_is_a_reconveyance_in_r...
