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Open Agency: A seller can enter into an agreement to sell their property with more than one brokerage in open agency listings. The seller must pay a commission only to the brokerage which brings the buyer for the real estate. Typically, if the seller finds the buyer him/herself, the seller does not have to pay a commission. [1] [3]
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
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A multiple listing service's database and software is used by real estate brokers in real estate (or in other industries, for example, aircraft brokers [1]), representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in ...
In September 2023, a three-bedroom, two-bath waterfront home in Nantucket—a “beautiful seaside retreat” as described by the sellers—was listed at $2.3 million. Looking at the comparable ...
The home also has a giant basement for storage or finishing, so feel free to "tell your mom the home has a basement 'in case of storms' and she will almost certainly nod in approval." You're ...
A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit".
The home's previous owner was more than 100 years old and died by natural causes in the home, the listing adds. Despite the home's "nice curb appeal" and Edwardian-style design, its $488,000 list ...