An Exclusive Right-to-Sell Agreement is a contract between a property owner and a real estate broker. It grants the broker the sole right to sell the property and earn a commission, regardless of who brings in the buyer.ContextExclusive Right-to-Sell Agreements are commonly used by sellers and real estate brokers. They offer brokers a guarantee that their efforts to … [Read more...] about Exclusive Right-to-Sell Agreement
Real Estate Terms Starting with
Listing Agreement
A Listing Agreement is a contract between a property owner and a real estate broker. It authorizes the broker to represent the owner in selling their property, and outlines the conditions of the arrangement, such as commission rate and length of the agreement.ContextListing Agreements are predominantly used by sellers and real estate professionals. They define the … [Read more...] about Listing Agreement
Title Company
A Title Company is an entity that ensures a property title is legitimate, so it can be freely transferred from the seller to the buyer.They perform a title search, manage the escrow account during a transaction, issue title insurance, and facilitate a smooth closing process.A Title Company in real estate is an organization that plays a key role in the closing … [Read more...] about Title Company
Net Operating Income (NOI)
This is a calculation of the income generated from a property, including rental income, less operating expenses. It does not factor in mortgage payments or taxes. … [Read more...] about Net Operating Income (NOI)
Credit Score
A Credit Score is a numerical value derived from an analysis of an individual's credit files, to represent the creditworthiness of an individual.Lenders, such as mortgage providers, use credit scores to evaluate the potential risk posed by lending money to consumers. Higher scores indicate lower credit risk, making it easier to secure loans and negotiate favorable interest … [Read more...] about Credit Score