Aviva Directory » Local & Global » North America » United States » States » Michigan » Cities & Towns » Novi » Property Sales & Rentals

Novi, Michigan real estate agencies and professionals, property management companies, and long-term housing rentals are the focus of topics in this portion of our guide.

In law, real estate refers to land and everything more or less attached to it. In business, it refers to the activities concerned with ownership and use transfers of the physical property.

Property management is a reference to the operation of property as a business, including rental, rent collection, maintenance, and so on. Many real estate firms provide property management services, as well as facilitating the buying and selling of real property, while owners of real estate sometimes opt to perform these services themselves. For example, an owner of one or two rental homes, or a small apartment building, may opt to screen renters, collect rents, and arrange for necessary maintenance tasks without hiring a property manager.

A real estate agent is a licensed real estate broker or salesperson. While a broker is an agent, it's common for licensed salespeople to be referred to as agents, while brokers are called brokers.

A broker is a state-licensed agent who, for a fee, acts for property owners in real estate transactions. A real estate property owner might engage a broker to arrange the sale or locate tenants for a property, whether residential or commercial. A broker might also be engaged by a prospective buyer or tenant to locate available property. The business of being a broker is known as a brokerage.

A realtor is a real estate professional who is a member of the National Association of Realtors, and who subscribes to its code of ethics. Realtors represent only about forty percent of licensed real estate brokers.

Similar to a realtor, a realtist is a member of the National Association of Real Estate Brokers, an organization made up largely of minority brokers and salespeople who also subscribe to a code of ethics.

A real estate appraiser is someone who is qualified to provide a professional opinion on the value of a property. States within the United States recognize at least two certifications for real estate appraisers: certified general appraisers and certified residential appraisers. Some states have additional levels of certification. Michigan, for example, adds a limited appraiser license.

Websites representing real estate professionals, real estate firms, or real estate offered for sale or lease in Novi, Michigan are the focus of this category. However, short-term rentals, such as hotels and motels, would be listed in a Places to Stay category, if such a category exists, and would otherwise be listed directly beneath the Novi category.

 

 

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