Land and anything permanently affixed to it, including buildings. …
Real Estate Agent
A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions, facilitating the process of buying, selling, or renting properties. Agents work under the …
Real Estate Broker
A person, corporation, or partnership licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. Brokers supervise licensed sales agents, who then …
Real Estate Investment Trusts (REIT)
Publicly traded companies that own, develop, and operate commercial properties. …
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Real Estate Professional
Any real estate broker, sales agent, or attorney who holds a real estate license. …
Real Estate Settlement Procedures Act (RESPA)
A federal law designed to make sellers and buyers aware of settlement fees and other transaction-related costs. RESPA also outlaws kickbacks in the real estate business. …
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