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Flashcards in Unit 1 Deck (7)
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1

Buyer’s market

Real estate marketplace that has more sellers than buyers

2

e-PRO certification

NAR professional designation of an internet professional

3

Independent contractor

A person employed by another who has almost complete freedom to accomplish the purposes of the employment

4

Multiple listing service (MLS)

An organization of real estate agents providing for a pooling of listings and the sharing of commissions on transactions involving more than one agent.

5

Seller’s market

Real estate market with more buyers than sellers

6

National association of REALTORS (NAR) & California association of REALTORS (CAR)

-provides training opportunities, legal updates, industry news, access to lockboxes, multiple listing services

7

Stratified marketplace

-based on price range
-Real estate is the best example of this