what is a condotel

What is a Condotel

What is a condotel? A condotel, also known as a condo hotel, hotel condo, or a contel, is a building which is legally a condominium but which is operated as a hotel, offering short-term rentals, and which maintains a front desk, cleaning service and more. The units are usually individually owned. The owners of units …

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What does Contingent Really Mean

Debunking the Myths About What Contingent Really Means in Real Estate

The term contingent is a clause often included in real estate contracts or an offer to purchase real estate. Nonetheless, it is frequently misused and mistaken for other terms. Understanding the meaning of such terms can help you identify properties that may still be available for purchase and how to move forward if you are …

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How Do Real Estate Commissions Work

How Does Real Estate Commission Work?

Many people don’t understand how real estate commissions work. Real estate agents don’t get paid hourly or receive a salary. They get paid commissions from their real estate sales. Per the department of Justice and anti-trust laws, there are no set real estate commissions. Now, let’s explore the frequently asked question, how do real estate commissions …

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9 Things Real Estate Agents Should Do for home sellers

9 Things Real Estate Agents Should Do For Home Sellers

Potential home sellers hire real estate agents for one reason and one reason only. They want help selling their homes. They turn to a professional for advice and assistance. People want to work with an agent they trust and who will do everything possible to make their house as desirable as possible. They want to …

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Customer-Centric real estate franchise

4 Rules for Building a Customer-Centric Real Estate Franchise

The survival and success of any business largely depends on its ability to satisfy its customers. This should be obvious to any business that wants to remain competitive and become a successful franchise owner. Think about it: how would you survive if what you’re offering, producing, or doing is not what your customers want. There …

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How to choose a realtor

How are Realtors paid and how do I choose the right agent?

Most home buyers and sellers will have a general idea of how real estate agents are compensated. If asked, most would likely say, “oh they get paid 6% to sell houses” or “they get paid when I buy a house.” But very few have a true understanding of how real estate commissions work and most …

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how to be a Successful Franchise Owner

5 Helpful Tips That Will Make You a Successful Franchise Owner

Looking to break into real estate and own a successful business, but you’re not sure where to begin? The world of franchise owners can sometimes seem like uncharted waters. The real estate brokerage industry is worth about $155 billion, which is expected to continue growing over the coming years. Given the year-on-year franchise growth rates …

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