A determining factor of the rises and drops in market price: Supply
An economic principle referring to a consumer’s desire and willingness to purchase a specific good or service at a specific price: Demand
A right, privilege or interest limited to a specific use or control purpose which one party has in the land of another party and which run with the land and are not a personal right of an individual: Easement
The final state in a real estate transaction where ownership of real property is transferred from the seller to the buyer: Closing
When one person proposes a contract to another; if the other person accepts the offer, a binding contract is formed: Offer
In contracts a future and uncertain event that must happen to create an obligation or which extinguishes an existing obligation: Conditions
A definite place of business where real estate activities can take place: Brokerage
A Realtor’s favourite for letter word: Sold
A private viewing of a property: Showing
Can be: redecorating, rearranging furniture, cleaning and other aesthetic strategies to present the home in the best possible light: Staging
A way to pay off debt in equal instalments that include varying amounts of interest and principal payments over the life of the loan: Amortization
Who is the governing body for real estate in Ontario: RECO
A contract between a seller and an agent/brokerage to provide the service of selling real property: Listing
Another word for a real estate salesperson: Realtor
A real estate agent who continues their education and obtains a higher designation: Broker
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