Any property purchased with the intention of obtaining a return. The potential Return on Investment (ROI) is based on the expectations set forth at the beginning of the transaction.
The process of managing a property that is owned by another party or entity. Managing includes but not limited to day-to-day activities that are centered on the piece of real estate, marketing the property, collecting monthly rental payments and providing income generation guidance. Property managers are paid a fee and/or a percentage of the rent brought in for the property while under management.
A Real Estate firm (or an agent or broker who works in such a company) that represents a buyer of real estate. Services can include, showing buyers all possible listings from other cooperating brokers as well as all other sources. In addition to assisting the buyer with evaluation and negotiation and advocate in the buyer’s best interests.
A Seller’s Agent also called “listing agent” or “co-broker” is an agent of the seller who markets the seller’s property and represents the seller during the sale and the closing of the seller’s property. The agent performs certain duties, including; researching recent selling prices for comparable properties, actively marketing the property and advising on the offers received for the listing.