Real Estate Abbreviations

The adjective real estate refers to what belongs to or is related to immovable things. A property, in turn, is an asset that is inseparably linked to a land, both physically and legally. Buildings and parcels are immovable property.

Examples: “The government announced that it had authorized a real estate development on the beaches of the South”, “I am very happy: we were granted a real estate loan to build a new house ”, “The real estate offer in this neighborhood is quite varied and you can find everything from old houses to properties yet to be debuted”.

As a noun, a real estate company is a company dedicated to building, selling, renting and managing homes. Each realtor can carry out all these activities or just a few (such as being limited to the sale and rental of properties): “Tomorrow, we have to laugh at the real estate agency to sign the rental agreement”, “The real estate agent said he would stop by the house tomorrow to evaluate it”, “We visited four real estate agencies and still haven’t found any case that meets our needs”.

The real estate company, as a rule , has a place where those interested in real estate can approach both to consult the offer of houses for rent or sale, and to offer their own homes. The real estate agency is responsible for promoting the proposals and carrying out the corresponding steps to bring the parties together, charging commissions for it.

Let’s see how the business works. A man asks a real estate company to manage the lease of a house he owns. In turn, the real estate company publishes a notice in a newspaper and a family contacts it willing to rent the house in question. Upon completion of the operation, the real estate agency will charge a percentage of the contract to the owner of the house and another to the renter.

List of Acronyms Related to Real Estate