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The real estate marketplace glossary federal trade commission. Glossary of real estate terms agent an individual who represents a seller, a buyer or both in the purchase or sale of real estate. The fee charged for services performed, usually based on a percentage of the price of the items sold such as the fee a real estate agent earns on the sale of a house. Presents more than 1,600 practice questions similar to those found on licensing exams, including 9 model tests. A means of acquiring title to real estate when an occupant has been in actual, open, notorious, exclusive, hostile, and continuous occupancy of the property for the period required by state law.
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