Realtor

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • real estate agent
  • realty agent
  • real estate broker

Definition of Realtor

  1. A real estate broker or an associate that holds an active membership in a real estate board.

Related Terms and Acronyms

  • Dual Agent Definition,
    • A real estate agent who acts for both parties in a property sale.
  • Agent (agt) Abbreviation,
    • A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
  • Broker (Bkr) Abbreviation,
    • A person or firm who acts on behalf of another.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Real Estate Attorney Definition,
    • A lawyer who specializes in the transfer of land and buildings and property tax issues.
  • Real Estate Agent Definition,
    • A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
  • Finder Fee Definition,
    • A fee paid by a party to another for services rendered.
  • Seller Broker Definition,
    • One who earns a commission from the seller of a property in exchange for finding a buyer and assisting in negotiation.
  • Backup Offer Definition,
    • A bid for a property that the owner will consider if the current transaction falls through.
  • Dual Agency Definition,
    • When a real-estate agent or broker represents both parties in a transaction.
  • Subagent Definition,
    • A real estate agent who finds a buyer for a property, and is not the property's listing agent. The subagent usually earns a portion of the commission.
  • Caravan Definition,
    • An outing in which a group of real-estate agents look at houses that have been listed for sale recently.
  • For Sale By Owner (FSBO) Acronym, Very Important,
    • An arrangement by which a house's owner tries to sell the house without hiring a real-estate agent. Owners do this to avoid paying a commission.
    Can save the seller money by forgoing realtor fees.
  • Real Estate (RE) Acronym, Very Important,
    • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
  • Buyer Broker Definition,
    • One who earns a commission from the buyer of a property in exchange for finding a seller and assisting in negotiation.
  • Commission (comm) Abbreviation,
    • An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
    • A fee paid to a salesperson for selling a product to a customer.
  • Exclusive Listing Definition,
    • A legal agreement giving one real-estate agent the right to sell a property for a specified period, but owners retain the right to sell their property themselves without paying the agent commission.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage