New To Real Estate - Use The BiggerPockets Glossary!

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@Chris Mason just entering my 2nd year as a Realtor and investor. I appreciate the distinction you made. I did not understand the great difference until I became a professional in the industry, which led me to go a step further and join NAR.

Thanks for the feedback Courtney! It has been added to the glossary. Look out in the next couple of months to another iteration of the glossary where we will be building out full pages for each term that go more in depth! 

Thanks for recommending this! Already have used this and as a newcomer, there's a lot of value in referencing this daily to become more familiar with the common terms. 

I have read much about viewing comps when researching a property. what exactly are comps and where do you go to "view" comps for an area you are researching a property in?

Hi @Todd Ayers Here is the definition from our new glossary "This is an examination of the prices of different properties within the same area as the property a buyer is considering for purchase. Real estate agents perform this analysis to determine an accurate listing price."

Essentially, your real estate agent should provide you with "comparable" properties in the same area, it basically is another way to know that you are getting a good deal but looking at similar properties. 

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