Real Estate Agent Commissions can be the largest single expense in a home sale, yet sometimes buyers and sellers don’t fully understand how the commission rate is set, who pays the commission and what services they should be getting for their money. I’ll answer a few common questions about real estate agent commissions to provide a […]
Real Estate Contract Dates Explained
One of the most confusing features of a real estate purchase agreement are real estate contract dates. Specific dates are seldom identified, other than the date the offer is made and the date it is accepted. From there, dates are commonly specified as “days after” and “days prior.” These dependencies are established because many tasks that take place during escrow […]
Real Estate Terms – Flag Lot
Ever read about a home being located on a flag lot? Flag lots have been around a long time and continue to be created for all types of properties. There are advantages and disadvantages to owning a flag lot, so let’s look at how they are configured and how they can be a positive or […]
In Real Estate Sales, What Is A “Side”?
Many real estate brokers and agents describe their real estate sales experience by quoting the number of sides they have closed. The average buyer or seller needing to hire an agent may not know what a side is and how it reflects an agent’s experience and business practices. Let’s look at the meaning of sides […]
