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In April 2012, CoStar Group acquired LoopNet for approximately $860 million in cash and stock. [10] In 2014, the company settled a trademark infringement lawsuit that it brought against Dotloop. [11] In 2020, to address rapid changes occurring in the COVID-19 commercial real estate market, the company added significant virtual tour capabilities ...
The real estate market has been on a wild ride the past few years. During the peak of the pandemic, interest rates plummeted and buyers got into bidding wars over homes -- sometimes paying ...
The way real estate commissions work just changed for both buyers and sellers. ... The national average has been about 5 percent of the home’s sale price, typically split down the middle with 2. ...
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
A request for qualifications (RFQ) is a step sometimes used in the formal process of procuring a product or service, for example by a government agency.It is typically used as a screening step to establish a pool of vendors (businesses or individuals to provide a product or service) that are then qualified, and thus eligible to submit responses to a request for proposals (RFP).
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.
Where bidding wars are erupting Homebuyers looking for cozy backyards and more office space are staging bidding wars in the suburbs. (Credit: Wang Ying/Xinhua via Getty Images) (Xinhua News Agency ...