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  2. Real estate - Wikipedia

    en.wikipedia.org/wiki/Real_estate

    The oldest real estate brokrage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner." [9] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also ...

  3. Real estate agent - Wikipedia

    en.wikipedia.org/wiki/Real_estate_agent

    Agency relationships in residential real estate transactions involve the legal representation by a real estate broker (on behalf of a real estate company) of the principal, whether that person(s) is a buyer or a seller. The broker and his licensed real estate salespersons (salesmen or brokers) then become the agents of the principal.

  4. Real estate economics - Wikipedia

    en.wikipedia.org/wiki/Real_estate_economics

    Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the ...

  5. Life insurance - Wikipedia

    en.wikipedia.org/wiki/Life_insurance

    An early form of life insurance dates to Ancient Rome; "burial clubs" covered the cost of members' funeral expenses and assisted survivors financially. In 1816, an archeological excavation in Minya, Egypt (under an Eyalet of the Ottoman Empire) produced a Nerva–Antonine dynasty-era tablet from the ruins of the Temple of Antinous in Antinoöpolis, Aegyptus that prescribed the rules and ...

  6. Financial crisis of 2007–2008 - Wikipedia

    en.wikipedia.org/wiki/Financial_crisis_of_2007...

    The crisis sparked the Great Recession, which, at the time, was the most severe global recession since the Great Depression. It was also followed by the European debt crisis, which began with a deficit in Greece in late 2009, and the 2008–2011 Icelandic financial crisis, which involved the bank failure of all three of the major banks in Iceland and, relative to the size of its economy, was ...

  7. Multiple listing service - Wikipedia

    en.wikipedia.org/wiki/Multiple_listing_service

    A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.

  8. Covenant (law) - Wikipedia

    en.wikipedia.org/wiki/Covenant_(law)

    Real covenant law in the US has been referred to as an "unspeakable quagmire" by one court. A covenant for title that comes with a deed or title to the property assures the purchaser that the grantor has the ownership rights that the deed purports to convey. Non-compete clauses in relation to contract law are also called restrictive covenants.

  9. Common area - Wikipedia

    en.wikipedia.org/wiki/Common_area

    Real estate taxation of common areas. States vary in how they tax common areas, for real estate tax purposes. It may depend on whether it is a condo or a co-op. For example, the state of Arizona taxes "residential common areas" in housing developments with a flat tax, but common areas of condominiums and golf courses are assessed separately.