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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. One example is someone using a private road to access their own land. Multiple listing service (MLS). Eminent domain. Encroachment. Pre-approval.