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Buyer Agency Agreement: Definition and Explanation
A buyer agency agreement is a legally binding contract between a homebuyer and a real estate agent (or broker) that outlines how the agent will represent and assist the buyer throughout the home buying process. Also known as a buyer representation agreement or buyer-broker agreement, this document formalizes the professional
What Is the Multiple Listing Service (MLS)?
The Multiple Listing Service (MLS) is a comprehensive, regionally managed database that real estate agents and brokers use to share detailed information about properties for sale. The MLS is not a single national system, but rather a network of hundreds of local databases maintained by cooperating real estate professionals across
What does a property manager do?
A property manager is a professional or company responsible for overseeing the daily operations, maintenance, and financial performance of real estate properties on behalf of the owner. Their main goal is to preserve the value of the property, ensure tenant satisfaction, and maximize income from the investment. Key Responsibilities of
What is the 70% rule in house flipping?
The 70% rule is a widely used guideline in house flipping that helps real estate investors determine the maximum price they should pay for a distressed property to ensure a profitable flip. It’s a quick calculation designed to protect investors from overpaying and to provide a buffer for repair costs,
Tax Lien Investing: What You Need to Know
Tax lien investing is a unique way to earn passive income and potentially acquire real estate at a discount, but it comes with specific risks and complexities. Here’s a comprehensive guide to what tax lien investing is, how it works, its pros and cons, and essential tips for getting started.
Crowdfunding Real Estate: What It Is and How It Works
Real estate crowdfunding has transformed property investing, making it accessible to everyday investors and offering an alternative to traditional real estate ownership. By leveraging online platforms, individuals can pool their money to finance real estate projects—ranging from single-family homes to commercial developments—without the need for large capital or direct property
