In a real estate transaction, the agents or brokers involved are typically paid by the seller via commission as opposed to a flat fee. Check out our easy-to-use real estate commission calculator below to calculate the commission rates for your deal, and learn more about how this amount is calculated further down the page.

Becoming an agent is one of the most popular real estate careers today, with an estimated 2 million active licenses in the U.S. However, there are plenty of other careers in real estate out there if you’re not sure that the agent’s life is right for you.

It’s normal to be stressed before taking the real estate agent exam. After all, you’ve spent weeks, if not months, preparing for this and are probably eager to get started on your exciting new career path.

To help you prepare for the test and set your mind at ease, we’ve done our best to answer the eternal question: How long should you study for the real estate exam? We’ve also added some extra information about the test you should be aware of, along with a few helpful studying tips.

When a real estate agent “interviews” with a potential client to represent them, the most successful agents come prepared with a real estate listing presentation. This is typically a PowerPoint or PDF deck that details your experience in the area, your brokerage’s recent successes, and how you plan to best represent their interests through your sales and marketing efforts.

The cap rate calculator (short for capitalization rate) is a useful tool as it allows you to quickly get an estimate for how much money a property is expected to make, and how this compares to similar properties in the area. You can use our free cap rate calculator below and learn more about how this is calculated further down the page.

Real estate is a jargon-heavy industry and can be difficult to navigate if you’re a new agent or if you haven’t brushed up on your terminology in a while. Take a look at the glossary of real estate terms below for brief, clear definitions on each of these topics that will help you make more educated decisions and correctly answer any real estate questions for your clients in 2020.

Table of Contents:

General Real Estate Terms
Financial Real Estate Terms
Listing Real Estate Terms
Other Real Estate Terms

58 Real Estate Terms to Know by Category
To make things easier for you, we’ve broken up the 58 real estate terms by category below.

Coronavirus is taking its toll on our economy, our health, and our livelihood as leasing agents. While it can all feel overwhelming at times, we can at least take comfort knowing that we’re fighting this together! During times like these, it’s more important than ever to stay positive and productive, especially when working with rental properties.

In today’s socially-distanced world, taking advantage of social media is an even more essential strategy for agents. Using real estate hashtags can help take your posts the extra mile by reaching the right potential prospects and networking opportunities.

“Tenant screening” or “tenant screening reports” are phrases that tend to be used interchangeably to describe a wide variety of reports and processes, from the minimal to the in-depth. If you are looking for a reliable tenant screening service, you’ll need to understand what they consider important, who they are going to for their information, and how thorough their coverage is.

You’ve marketed your rental property and a potential renter has reached out to you. What do you look for in order to determine whether or not this is someone whom you should trust with your property? Of course, you want to minimize carrying costs and the number of days you’re waiting for a tenant, but in order to take care of the property you represent and minimize headaches down the road, you’ll need to conduct a proper tenant evaluation.

If you’re searching for a side hustle that’s flexible, quick to start, and allows you to earn significant extra cash, look no further than becoming a part-time real estate agent. Because of its low barrier to entry (typically three to six months of training) and high earning potential, this alternate career path is becoming a popular choice for ambitious earners with extra time on their hands.

For many of us, retirement is something we look forward to. Finally, we’ll be able to kick back, relax, and do whatever we want all day! However, did you know that over 20% of seniors actually choose to work during retirement age? Whether it’s to make some extra income or to stay occupied, holding at least a part-time job at 65+ years is becoming more attractive.