Razib Mozumdar 
Blockbusting is an unethical real estate practice that manipulates homeowners into selling at low prices due to fear of demographic changes. This discriminatory tactic exploits racial prejudice and perpetuates segregation. Defining Blockbusting Blockbusting is the deliberate act of inciting racial or ethnic panic among homeowners in a neighborhood to induce them to sell their properties … Read more
Aspiring real estate agents often face a common question: how much does real estate school cost? Real estate school costs can vary based on location and program choice. Expenses typically include Pre-Licensing Education ($300 to $600), Exam Prep ($50 to $125), the State Exam ($40 to $100), Licensing and Application Fee ($80 to $400), and … Read more
Real estate comps (also known as comparable properties or comparables) are recently sold homes that are similar to the property you’re trying to buy or sell in terms of location, size, condition, and features. Comps are often used by real estate professionals to determine a home’s fair market value. How are Comps found? There are … Read more
Concessions in real estate are financial or non-financial incentives offered by the buyer or seller to help close a deal. They are typically negotiated during the offer and acceptance process, and can be used to make the home more affordable for the buyer or to sweeten the deal for the seller. Types of Concessions 1. … Read more
A broker price opinion (BPO) is a real estate professional’s estimate of a property’s value. It is an unofficial assessment, but one that is often used by lenders, sellers, and buyers to get an idea of what a property is worth. BPOs are typically based on the selling prices of comparable homes in the same … Read more
A real estate developer is a person or company that oversees the process of acquiring, planning, and constructing new real estate projects. They may also renovate existing properties. Real estate developers play an important role in shaping the built environment and providing housing, commercial space, and other amenities for communities. What are the requirements for … Read more
The average salary for a real estate agent in the United States is $97,276 per year, according to the Bureau of Labor Statistics (BLS). However, there is a wide range in earnings, with some agents making significantly more or less than this amount. The median salary for real estate agents is $51,370 per year, meaning … Read more
Multiple Listing Service (MLS) is a private, cooperative database of homes for sale that is shared by real estate agents and brokers. It is the primary way that real estate professionals find homes to show to their clients. The MLS contains detailed information about each property, including the address, price, number of bedrooms and bathrooms, … Read more
A 1031 exchange, also known as a like-kind exchange, is a real estate investing tool that allows investors to sell an investment property and reinvest the proceeds in another property of equal or greater value without having to pay capital gains taxes on the profit. This tax deferral can be a significant benefit for investors, … Read more