article thumbnail

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

The Close

Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. How to Become a Luxury Real Estate Agent—10 Easy Ways to Break Into the Luxury Market. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below).