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Definition
| A licensed real estate saleperson who is employed by or associated with a broker to perform brokerage activities of or for the broker |
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| One who acts as an intermediary of behalf of others for a fee or commission. |
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| a Latin phase meaning "let the buyer beware." |
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| A written system of standards for ethical conduct. |
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| An individual who purchase goods or services that are not for resale. |
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| The total amount of money incurred for products or services. |
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| The amount of goods people are willing and able to buy at a given price; often coupled with supple. |
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| The study and description of a population. |
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| The system of moral principles and rules that becomes the standards for professionals conducts |
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| A through visual survey of a property's structure, systems, and site conditions conducted by a professional. |
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| A permanent installation built to federal specifications, providing a principle residence or a vacation home. |
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| A place where goods can be bought and sold and a price established. |
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| A type of factory-built housing with components that are assembled at a building site on a prepared foundation. |
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| National Association of REALTORS (NAR) |
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Definition
| The largest real estate organization in the world; NAR members subscribe to a strict code of ethics. Active members are allowed to use the trademark designation REALTOR |
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| The amount of money paid for an item or service |
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Definition
| In real estate practice, a person who has the skills and knowledge to be licensed as a real estate broker or salesperson |
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Definition
| A registered trademark term reserved for the sole use of active members of state and local REALTOR associations affiliated with the National Association of REALTORS |
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Definition
| A person who performs real estate activities while employed by a licensed real estate broker |
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Definition
| The amount of goods available for sale in the market. The term is often coupled with demand |
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| The appraisal principle that follows the interrelationship of supply of and demand for real estate. Because appraising in based on economic concepts, this principle recognizes that real estate property is subject tot he influences of the marketplace as with any other commodity. |
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