Relocation
Moving to a new area, often for a job. Employers may pay for moving or home-sale costs through a relocation package or company.
Also called: relo, corporate relocation
Related terms
Someone buying their first home. Many programs define it as anyone who has not owned a home in the past three years, which can open access to special loans and assistance.
A homeowner selling their current home to buy a bigger or pricier one. Timing both sales often means a home sale contingency, bridge loan, or rent-back.
The agent who represents the buyer. They find homes, set up showings, write offers and negotiate. Since 2024 most need a signed buyer agreement before touring homes.
A share of the commission paid to an agent who sends a client to another agent, often 25% to 35%. It must be paid broker to broker.