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Real Estate Business


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Broker price opinion (BPO)
A written opinion of the value of real property that may not be referred to as an
Business broker
A real estate licensee who engages in the sale, purchase, or lease of businesses.
Comparative market analysis (CMA)
An informal estimate of market value performed by a real estate licensee for
Counselors
Professionals who analyze existing or potential real estate problems and recommend a course of
Deed restriction
Provision placed in deeds to control future uses of the property.
Follow up
What a sales associate does after a sale to maintain customer contact and goodwill.
Multiple listing service (MLS)
The MLS is a database that allows real estate brokers representing sellers under a
Property manager
The local representative of the owner.
Real estate business
A commercial activity in which the sale, purchase, leasing, rental, exchange, or management
Restrictive covenants
Conditions placed by developers that affect how the land can be used in an entire
Uniform Standards of Professional Appraisal Practice (USPAP)
A set of standards of practice to follow when
REALTOR
A REALTOR® is a real estate professional who is a member of a local board (or association) of REALTORS® and