Although the real estate market represents more than 70% of the peoples’ wealth, the real estate terms are misunderstood by the public and even by specialists, unfortunately. For example, there are many economists and those who work in media field do not know what the differences are between “a broker,” “a property developer,” and “a real estate marketer.” They would, metaphorically, use the term « Real estate agent » for everything above, in spite of the big difference between their specialties.
Through monitoring the Arabian real estate, Imtilak real estate noticed that there is a weakness in the awareness of real estate terms, so this article comes up to correct understanding of the most common real estate terms.
4 Comments
3/10/2023 06:16:15 am
It means the process carried out by individuals or companies in order to develop and improve neglected or old real estate units to take advantage of their location or to raise their investment value. Thank you for the beautiful post!
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3/11/2023 11:41:52 am
This means a person who is participating in making the buyer known to the seller and getting a commission for that. Yet, the Real Estate Broker has a license from the Property Brokerage License. Thank you for sharing your great post!
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6/29/2023 11:04:12 am
They mean the financial loans that would allow the borrower, be that either an individual or institution, to buy an apartment or any other property, and his ownership to this property is a guarantee for the loan, I’m so thankful for your helpful post!
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AuthorReal estate in Turkey is an informative blog that is dedicated to shot a light on the major sector of real estate in Turkey; with its stunning beauty and elegant urban design. Archives
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