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In the United States, the term realtor is trademarked by the National Association of Realtors, which uses it to refer to its active members, who may be real estate agents or brokers. [ 16 ] [ 17 ] [ 18 ] In Canada, the trademark is used by members of the Canadian Real Estate Association . [ 19 ]
The generic, but still trademarked, term for corn dogs in Canada, derived from the popular brand. [170] [171] Popsicle: Ice pop; ice lolly (UK); icy pole (Australia) Good Humor-Breyers, part of Unilever [172] [173] Portakabin Portable building: Portakabin Ltd., owned by Shepherd Building Group: Widely used term for a portable modular building ...
The National Association of Realtors (NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
When it comes to selling a home there's a lot to know beyond staging and setting a reasonable list price. As with any industry, there are real estate definitions (homestead, quit-claim) and a set ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
Trademarks help consumers recognize a brand in the marketplace and distinguish it from competitors. [20] A service mark, also covered under the Lanham Act, is a type of trademark used to identify services rather than goods. [21] The term trademark is used to refer to both trademarks and service marks. [20]
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
9 Other Real Estate Terms Every Homebuyer Should Know 1. Appraisal. An estimated amount given by an expert (appraiser) to determine the value of the home. Sellers often get an appraisal to ...