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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 term sales refers to the exchange of property for an agreed price. The combination of the three words rural land sales is commonly used in real estate when referring to the sale or acquisition of just land located in these rural areas, not usually classified as real property, since it does not contain a home, or other type of buildings.
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 ...
[3] Some clear disadvantages exist for the buyer under sub-agency. There is no obligation to obtain the best price or terms for the buyer, since the broker, as sub-agent, was obligated to obtain the best terms for the seller, generally someone who he/she had never met and with whom no direct business relationship existed.
Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic. [19] Real estate development can be less cyclical than real estate investing. [20] In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property.
When a real estate appraiser works with a business valuation appraiser (and perhaps an equipment and machinery appraiser) [8] to provide a value of the combination of a business and the real estate used for that business, the specific market value is called "going concern value". It recognizes that the combined market value may be different ...
Typically, we refer to Eurasian populations as reindeer while most North American populations are known as caribou. However, the term reindeer is used Deer, elk, moose, and wapiti are also members ...
[1] The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.