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Real Estate Agents Terms to Know

A real estate agent is a person who sells property. Some agencies specialize in commercial properties while others focus on residential ones, and some provide services for both. If you are interested in buying or selling a house, a real estate agent will guide you through the process and find a property. Below are some common terms that are often used when working with a realty agencies.

  • Foreclosure – A property for sale because the previous owner was unable to make the payments and so has revered to the bank or mortgage broker. Therefore, the property is bank owned. Foreclosed properties in this recession based market can often be bought for great deals, since brokers will often sell them just for the amount of money that is owed. However, buyers should always inspect the property first, as the homes come with no guarantee of condition.
  • Short Sell – Another sign of the recession's effect on real estate is the many properties that are listed for short sale. This term refers to a sale by a broker or dealer that will come up short from the original price so that the property is being sold at a loss.
  • Mortgage – A loan provided to a home buyer where the property or estate being bought is listed as collateral. The buyer must repay the entire loan before they own the property. Failure to pay the loan back, or missing a payment on the mortgage can result in the property being reverted to the bank. Carefully read any mortgage agreement and discuss options with the realty agent and lender.
  • Appraisal - The valuation of a real property. The value shifts depending on many different factors like location, condition and corporate stock.
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    National Assoc of Real Est Brokers Inc
    Real estate buyers and brokers help you with real estate mortgage refinancing, mortgage appraisals, and estate planning. Find these services through our nationwide directory of brokers.
    Realtor.org
    Chicago, IL 60611
    Let our professional real estate agents and agencies assist you in buying or selling South Carolina property. Our real estate agents and agencies are familiar with commercial and residential real estate sales.
    National Association of Realtors
    Washington, DC 20001
    If you're looking for real estate listings or a broker in your area, find one through our association of professional realtors. We make sure you have the best representation when buying or selling a property.
     
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    Shortt Auction & Realty Co
    111 E Market St, Bennettsville, SC 29512
    Real estate agency specializing in buying and selling land tracts of all sizes, with improvements or without. Expert land and estate auctioneers offering clients professional marketing services for their property.
    (843) 479-6856
    Natural Properties Real Estate & Forestry LLC
    4120 Clemson Blvd Ste E, Anderson, SC 29621
    Our real estate agents offer commercial and residential services in the area. When you need a quality broker or agent to give you a quote, get in touch today. Our consulting services are second to none.
    (864) 224-5111
    Wateree Realty
    3432 John G Richards Rd, Camden, SC 29020
    Looking for your lake dream home? the place to live and enjoy. Give me a call for all your Lake real estate needs.
    (803) 420-1572
    Lighthouse Realty
    West Columbia, SC 29033
    Let our friendly courteous staff help you buy or sell your home, land or mobile homes. First time home buyers welcome. If you need help with a HUD or VA home, we can help.
    (803) 755-3776
    Drg Real Estate, Inc
    1143 Robert Grissom Parkway, Myrtle Beach, SC 29577
    Full service real estate company specializing in investment property.
    (843) 446-8901
    Betty Poore
    P.o. Box 524, Isle of Palms, SC 29451
    Local Real Estate Agent representation & Buyer's & Sellers of property for nearly 30 years.
    (843) 513-1721
    Simpsonville Real Estate
    600 Independence Blvd., Greenville, SC 29615
    Real estate in the area. Search the MLS, get home buying / selling tips and more.
    (864) 679-0707
    Century 21 The Beach Company
    440 Highway 90 E Ste 1, Little River, SC 29566
    Find beach property for sale, free reports, buyer and seller tips, search MLS and more.
    (843) 281-9100
    Boston McClain and Associates
    Columbia, SC 29201
    Begin your real estate adventures with a helping hand from the experts. We are the area's real estate experts and specialize in the sale of premium pieces of property and homes at affordable prices. Speak with an agent now.
    (803) 865-0800
    United Country-Major & Co
    787 Wilson Rd, Newberry, SC 29108
    Professional forestry consultant and real estate services, including timber and land management, inventory, appraisal and timber sales administration. Our agents are experts at forestry investment analysis and income taxes.
    (803) 276-7752
    Eaddy Co Inc Real Estate and Property Management
    1553 W Evans St, Florence, SC 29501
    We provide property management, real estate & real estate company. Real estate company provides property management, rental properties and more.
    (843) 662-3141
    Southern Shores Real Estate Group
    1050 Saint Andrews Blvd, Charleston, SC 29407
    Our real estate group prides itself as South Carolina's preferred resource for home sellers, buyers and savvy real estate investors. We provide services for residential and commercial real estate, as well as property management and HOA management.
    (843) 225-2990
    The Keadle Real Estate Group
    3040 N Highway 17, Mount Pleasant, SC 29466
    Mount Pleasant real estate is The Keadle Group’s primary specialization. We help both buyers and sellers whether you’re looking to relocate, buy your first home, sell your current house, or purchase a
    (843) 266-5000
    Akers Ellis Real Estate
    3730 Betsy Kerrison Parkway, Johns Island, SC 29455
    A real estate company offering luxury homes in Kiawah Island and Seabrook Island for sale and for rent.
    (843) 768-9844
    Bradway Lauree & Associates
    105 S Cedar St Ste A, Summerville, SC 29483
    Our associates strive to find the home that fits your specific needs to a tee. We help you make your final decision whether you are buying or renting homes, apartments, condos or studios.
    (843) 851-8282


    Real estate agents help individuals and business find property that will fit their needs and budgets. Some agencies focus on commercial real estate listings. Others, however, have listings that include houses, farms, condos, and apartments. Before you choose to purchase property through a real estate agency, you should make sure that they can provide the services that you need. In general it is best to choose a broker who has several years of experience. Remember that you not only need someone who knows about property values and negotiating with owners, but also how to get a low-interest mortgage and locate low-priced foreclosure properties. The amount of experience that a Realtor has does not always indicate, however, that they have the listings that you need. Ask them whether they have property listings that include houses, foreclosure properties, flats, farms, and condos for sale. If you are interested in getting a lease for the property, then you will also need to make sure that the real estate agency can give you property listings that include rentals. Chances are that there are multiple agencies serving your area, so you have many options to choose from. You can often find agency and agent reviews by searching the internet for city specific keywords. This will lead you to consumer forums where homeowners share stories about their experiences buying and selling through the different companies. Using consumer forums can also help you manage your mortgage lending options to make sure that you choose an agency that will give you access to loans that match your budget restrictions and investment plans.
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