A gross income multiplier (GIM) is a way to get a rough estimation of the value of an investment property. It’s one of the quickest ways to value something via “napkin math”.
The GIM is used in valuing multi-family properties, retail centers, warehouses, etc.
So you are studying for your real estate exam and need to know what a freehold estate is, huh?
It’s one of the many real estate vocabulary words you will need to know to pass.
If you own real-estate or hope to do so someday, then you’ll want to know about personal and real property. I put some time into research to write a comprehensive blog post that answers the nagging question ”What exactly is real and personal property and the differences between them?”
Littoral rights are the rights given to the owner of a property sharing boundaries with large or non flowing water bodies. Some of these water bodies include ponds, lakes, seas and oceans. Most of the time, these rights give the owners of nearby property some benefits of the shore.
As a real-estate buyer, have you ever had a real-estate agent go on and on about the positives of a property they are showing you? Throwing words like ‘the best you can get for a certain price or professing how they haven’t seen anything this good?
Same thing happens when you want to sell. Agents offering you their services by saying they already have buyers or claiming they can sell your home at a higher price.
Although such talk could make you feel inclined to go with that real-estate agent, consider your agent might be puffing.
Looking for a career change? You wouldn’t be alone. Throughout the country, moms and dads alike are finding that property management is an ever-appealing field to break into. With the shifting economy and the fluctuating cost of home ownership, more people are choosing to rent than in generations past, making this a lucrative field to break into. In fact, it is estimated that the field will grow by more than 8 percent in the coming decade.
This career field is a favorite among parents because it offers flexibility, but the act of helping others secure their perfect home is also very rewarding. It is a field that is seem as fun, convenient, and empowering.
Some of you may reached this page out of curiosity while others may be here because they need help with their real estate exam. This small glossary will cover the top real estate terms that people have problems with on their real estate test. This real estate glossary is only a small sample of what will on your exam. Most of these come from public records, listing companies and public records.
A career in real estate is one of the best moves you can make if you are looking for freedom (financially and personally). But don’t wait, these market trends won’t last forever and every day you wait, you’re missing out on a commission.
Real Estate Agent Salary: How Much Does a Real Estate Agent Earn?
