FAQ

April 21, 2019

Glossary of Real Estate Terminology

Summary of industry terms and jargon commonly used in the Ann Arbor & Ypsilanti real estate market.

 

Terminology may vary somewhat between market location and asset type; we may discuss other terminology in the fields of commercial, investment, zoning, construction, or development in separate articles to follow.

**Disclaimer: All ...

View More
April 15, 2019

FAQ - Are Buyer's Agents Free?

Are buyer’s agents services free for buyers?


No. While many real estate agents tout buyer’s services as being completely free for buyers, the reality is that buyers are often paying for these services indirectly-- it can be part of their mortgage since the cost of these services are customarily paid ...

View More
Posted in Education, FAQ, Information
April 15, 2019

FAQ - How are real estate agents paid?

How are real estate agents paid?

By commissions as delineated in the listing agreements (also often called exclusive right to sell agreements or “ERTS”) which they negotiate with sellers when they’re hired to represent sellers and take the seller’s real estate to the market. Because of this, the vast majority ...

View More
Posted in Education, FAQ, Information