Definitions

Accountability

A framework for justifying management's organizational actions, whether they are financial or employment-related.

Accountability Rating

Texas public school accountability system to rate school districts and evaluate campuses.

Action

Habitual activity characterized by energy and boldness.

Agency

The relationship existing between a principal and an agent who acts for the principal within the specified authority granted by the principal. The principal is entitled to rely on the agent, who places the principal’s interests above those of his own.

Brokerage

For a commission or fee, bringing together parties interested in buying, selling, exchanging or leasing real property.

Community

All the people living in a particular district, city, etc.

Concierge

Providing referrals and coordination of home service providers that are insured and who have been pre-screened for pricing and quality control purposes.

Exclusive

Being the only one of its kind.

Home Staging

Home Staging is the process of improving a home to be offered for sale, in order to maximize its value.

Net Value

Amount of property (typically cash) that an owner is willing to accept in exchange for their property minus any expenses incurred by the owner to consummate the exchange such as repairs, construction costs, cleaning, closing costs, and commissions.

REALTORS®

The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

Standard

Established and fixed measure used in assessing quality or performance.

Turn-key

Assumes responsibility for services provided from start to completion of the project.