Real Estate

Traditionally, real estate is sold and purchased using a decentralized market. Sellers and buyers complete their transactions without first funneling the process through a clearinghouse. A seller provides a real estate’s asking price that can then be accepted or lowered depending on the bidding or asking price proposed by the would-be buyer. If all variables are agreed upon, a sale is contracted between the pair of traders.

Real estate can also be brokered. Buyers and sellers typically use a mediator to accomplish a transaction. This real estate broker gets a percentage of the sale, depending on the agreed value set by the seller.

 

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