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A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [6]
A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region. [2]
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms the American real estate market has seen in ...
The term originally referred to a person responsible for brokering the construction of a building on real estate. While this is closely related to the work of Estate Agents, greater knowledge of the building process is essential. The job of the Building Broker is to know the construction method of the proposed design, along with the current ...
The company provides real estate development services in Southern California.Its portfolio includes shopping, entertainment, and residential developments. The company also develops parks, promenades, fountains, and plazas integrated with a retail environment; mixed-use developments that feature a blend of shopping, dining, and entertainment with residential living; shopping centers; outdoor ...
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A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...