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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
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
Professionals who analyze existing or potential real estate problems and recommend a course of
Provision placed in deeds to control future uses of the property.
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
The local representative of the owner.
Real estate business
A commercial activity in which the sale, purchase, leasing, rental, exchange, or management
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
A REALTOR® is a real estate professional who is a member of a local board (or association) of REALTORS® and