DRE stands for the Department of Real Estate, a division of the California Department of Business Oversight (DBO). The Department of Real Estate was established in 1917. The Department of Real Estate is responsible for regulating and enforcing real estate laws in the state of California and for providing consumer protection. The DRE is also…
A dry closing – also known as a table closing or signing appointment – is the final step in purchasing real estate. It’s when all documents are signed and exchanged, officially transferring ownership of the property from seller to buyer. During a dry closing, both parties meet at an agreed-upon place (usually with their real…
Load factor, also known as load factor ratio, is an important metric in real estate that helps investors determine whether a property is worth investing in. Calculating it is relatively simple and can be done with some basic calculations. To begin, you’ll need to know the net rentable area of a property (NRA) and its…
Land surveying is an ancient practice that dates back at least to 1,400 BC, when the ancient Egyptians used land surveying for the taxation of land plots. This data is essential for any property transaction since it helps to protect both the buyer and the seller from any possible disputes about the boundaries and features…
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Attracting high-end real estate clients starts with understanding what drives their decisions. They seek quality and value and want to work with agents who can provide them with the best of both. Taking the time to get to know your niche market, build relationships, and develop a unique approach tailored to your luxury clientele is…
Real estate agents get paid when the real estate transaction is completed. In larger cities, agents make more in commission, but there is more competition and a smaller buyer pool. So in order to make a higher commission, agents in larger cities need to work harder to find buyers and negotiate the best deal for…
Real estate agents are professionals who play a key role in the housing market. On a daily basis, they help buyers and sellers navigate the complexities of finding and selling properties. They use their expertise to guide clients through the process, from searching for appropriate homes or buyers to negotiating contracts and preparing paperwork. Real…
Real estate investment can be a profitable way to grow wealth over time. However, it’s essential to determine the right percentage of net worth to allocate towards this investment. While there is no definitive answer, financial experts recommend that real estate investments should constitute between 5-35% of your total net worth. This range depends on…
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If you’re a licensed real estate agent in Florida and wish to transfer to a new brokerage firm, you’ll need to follow a few steps to ensure a smooth transition. Transferring your real estate license to another broker in Florida requires following the regulations set by the Florida Department of Business and Professional Regulation (DBPR)….
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Real estate investment can be a lucrative way to build long-term wealth, but many young people think it’s something they can’t do until they’re older. However, investing in real estate at 18 is possible with the right approach and guidance. If you’re interested in investing in real estate at a young age, this article will…
