A multiple listing service is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation and accumulate and disseminate information to enable appraisals. A multiple listing service's database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, making it the largest trade association in the United States including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. The organization holds a U.S. trademark over the term "Realtor". NAR also functions as a self-regulatory organization for real estate brokerage. The organization is headquartered in Chicago.
Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property. Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
Chartered Alternative Investment Analyst (CAIA) is a professional designation offered by the CAIA Association to investment professionals who complete a course of study and pass two examinations. The "alternative investments" industry is characterized as dealing with asset classes and investments other than standard equity or fixed income products. Alternative investments can include hedge funds, private equity, real assets, commodities, and structured products.
Institute of Real Estate Management is an international trade organization of real estate managers.. An affiliate of the National Association of Realtors, the IREM is made up of real estate management professionals, and is the only organization serving both the multifamily and commercial sectors.
Following is a partial list of professional certifications in financial services, with an overview of the educational and continuing requirements for each; see Professional certification § Accountancy, auditing and finance and Category:Professional certification in finance for all articles.
James D. McGinnis was an American real estate agent and politician from Dover in Kent County, Delaware. He was a member of the Democratic Party, and served as 19th Lieutenant Governor of Delaware.
The Real Property Administrator (RPA) designation is a professional designation for commercial property managers awarded to people with several years of experience and completing the Building Owners and Managers Association advanced study program. The designation is administered by Building Owners and Managers Institute (BOMI) International, an independent nonprofit institute for property and facility management education. The program covers all aspects of operating a commercial property and maximizing a net income while minimizing risk.
The term international real estate describes a phenomenon that started in the 1980s and kept pace with globalization. The term encompasses real property development, sales and leasing transactions across national borders. International real estate could be viewed as one of the most dynamic branches of real estate although it is, by definition, influenced by fluctuating market value in various sectors between countries, as can be evidenced by the 2007–2008 financial crisis.
W. Allen Morris is Chairman and CEO of the Allen Morris Company and a real estate developer and Realtor in the state of Florida.
The Real Estate Roundtable is a non-profit public policy think tank based in Washington, D.C. that represents the interests of real estate. It develops public policy agendas pertaining to tax, capital and credit, environment and energy, and homeland security.
Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California. It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users.
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report. When doing a BPO, the real estate professional researches the subject property, takes pictures of it, investigates the neighborhood, as well as retrieves six comparable properties in their MLS. The final BPO is used to support their professional opinion that will help determine the potential selling price or estimated value of a property.
Real estate in Pakistan is a growing sector of the economy of Pakistan.
The Association of Real Estate Agents Uganda , is an umbrella organization of real estate agents, managers, organizations and other real estate professionals in Uganda, the third-largest economy in the East African Community.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops, minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, buildings or housing in general. In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.
California Proposition 19 (2020), also referred to as Assembly Constitutional Amendment No. 11, is an amendment of the Constitution of California that was narrowly approved by voters in the general election on November 3, 2020, with just over 51% of the vote. The legislation increases the property tax burden on owners of inherited property to provide expanded property tax benefits to homeowners ages 55 years and older, disabled homeowners, and victims of natural disasters, and fund wildfire response. According to the California Legislative Analyst, Proposition 19 is a large net tax increase "of hundreds of millions of dollars per year."
Jeffrey D. Fisher is an American author and professor emeritus of real estate at the Indiana University Kelley School of Business where he was the founding director of the Center for Real Estate Studies and Charles Dunn Professor of Finance and Real Estate. He is also a visiting professor at Johns Hopkins University and a member of the advisory committee at Sterling Valuation Group. He is the president of the Homer Hoyt Institute and is a research and education consultant to the National Council of Real Estate Investment Fiduciaries (NCREIF). He is also a founding Partner in the Pavonis Group and a board member of RealNex.
