What is MLS?
MLS stands for “Multiple Listing Services”…. it’s been around for a long time. The MLS is a service that only REALTORS® have access to. We pay dues for the service each year so that we can list all of our properties here. The MLS syndicates to thousands of websites with the listing information for the specific property, and in doing so gets MASSIVE exposure to a listing!
What is the difference between a Real Estate Agent and a REALTOR® ?
A REALTOR® is a designation only given to real estate agents who are members of the National Association of REALTORS®. A REALTOR® is held to a higher code of ethics than a real estate agent. All REALTORS® are real estate agents, but not all real estate agents are REALTORS®.
What is a Real Estate Investor?
A real estate investor is a individual who invests in real property. There are many forms of real estate investing. Here are a few examples:
1. Buying & holding property – many investors will buy up properties when the market takes a downturn, and hold until the market inflates, ensuring a great ROI (return on investment).
2. Fixing & flipping – a lot of investors are know for buying properties in despair and reselling after remodeling.
3. Rentals – some investors buy properties and rent them for monthly income-driven purposes.
4. Building homes – Builders are real estate investors who will purchase lots/land and build a brand new home, often multiple at one time. Many builders develop large communities of homes, and will establish an HOA (Home Owner’s Association).
5. Multi-family investing – duplexes, tri-plexes, quad-plexes & apartment complexes are all form of real estate investing.
6. Commercial investing – a smaller pool of people invest in commercial buildings including offices, industrial building, restaurants, etc.
Investing in real estate can be a very lucrative business. You can invest small, or BIG!
What is Property Management?
Property management is the overseeing of residential, commercial and/or industrial real estate, including apartments, detached houses, condominium units, and shopping centers. It typically involves the managing of property that is owned by another party or entity.
What is the Buying Process ?
For more information on the process of buying a home, from start to finish, check out our Home Buying Guide located in the Resources section of this site!
What is the Selling Process?
For more information on the process of buying a home, from start to finish, check out our Home Selling Guide located in the Resources section of this site!
Who Will Pay The Commission For Real Estate Agent?
Commissions are negotiated between the listing agent and the seller of the home. The negotiated commission, typically 6%, is then split between the buyer’s agent and the seller’s agent at closing.