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Foundation terms you need to know first (13 terms)
Professional real estate photography involves hiring skilled photographers to capture high-quality images of a property, showcasing its best features to attract potential buyers or tenants and maximize its market appeal.
Online real estate forums are digital communities where investors, agents, and other professionals connect to share knowledge, discuss strategies, and find opportunities in the real estate market.
Real estate software comprises specialized digital tools and applications designed to help investors, agents, and property managers streamline operations, analyze deals, and manage properties more efficiently.
A smart lock is an electronic and mechanical locking device that allows users to control access to a property remotely using a smartphone, keypad, or biometric data, enhancing security and convenience for real estate investors.
BiggerPockets is a leading online platform and community for real estate investors, offering extensive educational resources, forums, podcasts, and tools for all experience levels.
Complex strategies and professional concepts (9 terms)
Blockchain in real estate applies distributed ledger technology to enhance transparency, efficiency, and security in property transactions, ownership, and management through innovations like tokenization and smart contracts, fundamentally transforming the industry.
Disintermediation is the process of removing intermediaries from a transaction or supply chain, allowing direct interaction between parties. In real estate, this often means investors and borrowers or sellers engaging directly, bypassing traditional financial institutions, brokers, or other middlemen.
Smart contracts are self-executing agreements with the terms of the agreement directly written into lines of code, residing on a blockchain. They automate, verify, and enforce the negotiation or performance of a contract, eliminating the need for intermediaries.
A smart contract is a self-executing digital agreement with terms directly coded onto a blockchain, enabling automated, immutable, and transparent transactions without intermediaries.
Real Estate Tokenization is the process of converting real estate assets into digital tokens on a blockchain, representing fractional ownership or economic rights, and enabling enhanced liquidity and accessibility for investors.
Space-as-a-Service (SaaS) is a real estate operational model that offers flexible, amenity-rich physical spaces on demand, integrating technology and hospitality to provide a seamless user experience beyond traditional long-term leases.
Sustainability in real estate refers to the practice of developing, managing, and investing in properties that minimize environmental impact, enhance social well-being, and adhere to strong governance principles, aiming for long-term value creation and resilience.
A Virtual Assistant (VA) is a remote independent contractor who provides administrative, technical, or creative support to real estate investors, helping them delegate tasks and optimize operations.
Virtual Reality (VR) in real estate uses immersive 3D simulations to allow users to virtually experience properties and spaces remotely, enhancing marketing, sales, and development visualization.
A virtual tour is a digital walkthrough of a property, using interactive media like panoramic photos, videos, or 3D models, allowing remote viewing and exploration by potential buyers or renters.
An iBuyer is a company that uses technology to make instant, all-cash offers on homes, aiming to streamline the selling process for convenience and speed, then reselling for a profit.
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