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Commission

In the realm of real estate, commission refers to the compensation paid to real estate agents or brokers for their services in...

Closing

Closing, also known as settlement or completion, is the final step in a real estate transaction where the ownership of a property is...

Building Permit: The Definition

In the realm of real estate development and construction, obtaining a building permit is a crucial milestone that signifies compliance...

Building Code: The Definition

In the realm of real estate and construction, building codes serve as the backbone of safety, setting standards and regulations to ensure...

Bidding War: The Definition

In the dynamic world of real estate, bidding wars represent a scenario where multiple buyers vie for the same property, driving up prices...

Buyer's Market: The Definition

In the ever-fluctuating landscape of real estate, market conditions play a pivotal role in shaping opportunities for buyers and sellers...

Geographic Scope in Real Estate

In the realm of real estate, "geographic scope" refers to the defined geographic area or region in which a real estate professional...

Broker: The Definition

In the intricate world of real estate, the role of a broker stands as a linchpin, connecting buyers and sellers, landlords and tenants,...

Air Rights: The Definition

Air rights refer to the legal ability to use or develop the space above a property, typically measured from the ground upward. These...

Accretion: The Definition

In the realm of real estate, certain natural phenomena play a significant role in shaping property boundaries and landscapes. One such...

Arrears: The Definition

In real estate and financial contexts, "arrears" refers to the condition of being behind in the payment of debts, bills, or obligations...

London Real Estate Institute

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