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Learn the concept of highest and best use in real estate appraisal, which is the reasonably probable and legal use of property that results in the highest value. Find out the criteria and tests for determining the highest and best use of vacant and improved properties.
A multiple listing service (MLS) is an organization that real estate brokers use to share information and compensation for properties. Learn about the origin, purpose, benefits, limitations and criticisms of MLS systems in different countries and regions.
OfferUp is an online platform that connects buyers and sellers of used goods, especially in the US. It was founded in 2011, has 20 million monthly active users, and acquired Letgo in 2020.
Allodial title is ownership of real property that is independent of any superior landlord. It is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Learn about its history, types, and exceptions in different jurisdictions.
By selling her home without a full-service Realtor, McMahan, who enjoys fixing up and reselling old homes, pocketed some extra cash: Rather than paying 2% or 3% of her home’s final sale price to ...
Mixed-use development is a type of urban planning and zoning that blends multiple uses, such as residential, commercial, cultural, or entertainment, into one space. Learn about the history, contexts, benefits, and examples of mixed-use development in North America and Europe.
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Learn about its origins, forms, and examples of crowdfunding in various fields and sectors.
At times, real estate agents may be present, still dealing with customers directly from the web. Real estate agents often profit by absorbing a certain percentage of the final sale or rent price as commission. There are cases where commission percentage hits a figure of 6% in America. [7] Internet real estate reduces the cost of an agent and ...
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