What is a Multiple Listing Service (MLS)?
The National Association of Realtors explains an MLS like this: An MLS is a private offer of cooperation and compensation...
Definitions
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Define: Commission
The Merrian Website dictionary defines commission as “a fee paid to an agent or employee for transacting a piece of... -
What is the National Association of Realtors (NAR)?
Sourced from httpss://www.nar.realtor/about-nar “The National Association of REALTORS® is America’s largest trade association, representing 1.3 million members, including NAR’s institutes, societies,... -
Define: For Sale By Owner
A “For Sale By Owner” property is simply a home that is listed by the owner and not a licensed... -
Define: Value Proposition
Investopedia defines Value Proposition as the following: Value proposition refers to a business or marketing statement that a company uses to... -
Define: Database
Commonly referred to as Sphere of Influence. Your “Database” is list or collection of the contact information for people you... -
Define: Sphere of Influence
Commonly referred to as one’s “Database“. Your “Sphere of Influence” is list or collection of the contact information for people... -
Define: Circle Prospecting
Circle prospecting refers to the practice of calling homeowners who live near a target property and seeing if they may... -
Define: E&O Insurance
Wikipedia defines E&O Insurance as: Errors & Omissions (E&O) insurance is a form of liability insurance which helps protect professional... -
Definition: Single Family Home
A type of residential real estate property meant for a single family. Sometimes abbreviated to “SFH”. -
Define: Conversion Rate
With any type of lead generation, you might hear about “conversion rate”. Conversion rate is defined as the rate at... -
Define: Conversion Cost
Conversion cost is slightly different than other metrics we have talked about like conversion rate. Conversion cost is defined as...
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