Common Real Estate Terms
Although the real estate market represents more than 70% of the peoples’ wealth, the real estate terms are misunderstood by the public and even by specialists unfortunately. For example, there are many economists and those who work in media field do not know what the differences are between “a broker,” “a property developer,” and “a real estate marketer.” They would, metaphorically, use the term « Real estate agent » for everything above, in spite of the big difference between their specialties.
Through monitoring the Arabian real estate, Imtilak real estate noticed that there is a weakness in the awareness of real estate terms, so this article comes up to correct understanding of the most common real estate terms.
(The client, customer, or buyer): That would be the person or the entity who wants to purchase, has the ability to pay the property allowance, and has the ability to make...