Commercial Real Estate Dictionary

Dictionary >> Definition

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Broker

Definitions of Broker
  • A broker is a paid agent who negotiates contracts for the purchase, sale, or lease of real property. A real estate broker is licensed by the state.
    Jill and John were happy with the real estate broker they chose to market their property. The broker's salesperson attained a great price and made sure everything went smooth.



        

Real Estate Terms

1. How much cash will be required to make your mortgage payments? Debt Service >>


2. Who can you go to to finance your construction or development project? Construction Lender >>


3. What professional can assist you in maximizing the value of your investment property? Asset Manager >>


4. How can we assess future commitment to infrastructure to support our communities and future development? Capital Improvements Projects >>


5. What measurement indicates if a property's financial performance can cover its debt? DSCR >>


6. What part of a city is the center of urban economic development? CBD >>


7. What allows property owners and professionals to estimate the market value of a commercial property? Comparable Property >>


8. What can landords do to entice prospective tenants? Concession >>


9. What critical factor do stores depend on to drive traffic? Anchor Tenant >>


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