\n\n \n\n\n","author":{"@type":"RealEstateAgent","name":"Michelle Kim","url":"https://mosaikrealestate.com/team","image":"https://media-production.lp-cdn.com/cdn-cgi/image/format=auto,quality=85,fit=scale-down,width=960/https://media-production.lp-cdn.com/media/vdtksgqfx4qdusvaihlu","telephone":"(415) 205-0742","description":"Meet Michelle, the top producer and founder of Mosaik Real Estate, who is a triple threat in the industry, known for her hardworking, knowledgeable, and trustworthy approach, which has earned her a stellar reputation among her clients. With a wealth of experience in sales and a background in the title and escrow field, Michelle is committed to providing a full-service experience that exceeds expectations and leaves both buyers and sellers totally satisfied. As a bilingual agent fluent in English and Korean, Michelle is a focused communicator, an able advisor, and a fierce-yet-fair advocate for her clients. From guiding first-time buyers with her market insights to helping Korean and foreign investors build their real estate portfolios, to using her strong negotiation tactics and seamless marketing offerings to assist sellers, Michelle consistently receives high praise from those who have traversed San Francisco’s complex marketplace. As a mother of three children and a Bay Area native, Michelle is passionate about the cultural, recreational, and social opportunities that San Francisco offers. Her firsthand experience raising a family in the Bay Area makes her an extraordinary resource for parents of young children. Overall, Michelle’s expertise, dedication, and unwavering commitment to delivering exceptional results make her an indispensable asset to her clients, who are consistently impressed with her unparalleled service and outstanding results.","priceRange":"$","address":{"@type":"PostalAddress","streetAddress":"580 4th Street","addressLocality":"San Francisco","addressRegion":"CA","postalCode":"94107","addressCountry":"US"}},"publisher":{"@type":"Organization","name":"Mosaik Real Estate","logo":{"@type":"ImageObject","url":"https://media-production.lp-cdn.com/cdn-cgi/image/format=auto,quality=85/https://media-production.lp-cdn.com/media/ixpurfmka7zayzy64wag"},"address":{"@type":"PostalAddress","streetAddress":"580 4th Street","addressLocality":"San Francisco","addressRegion":"CA","postalCode":"94107","addressCountry":"US"}}}
michelle February 5, 2020
Real Estate can be confusing. As the world’s largest asset class, the industry has countless terms describing all aspects of ownership, transactions, property type, and other parts of the equation.
The sheer volume of terminology when buying or selling a home can leave you scratching your head. However, Mosaik Real Estate wants its clients to feel informed at each stage of their process.
The California Department of Real Estate has published a comprehensive glossary with the legal definitions for most terms involved in transactions. While authoritative and accurate, these definitions can be a little difficult to understand.
A Brokerage serves as a middleman between buyers and sellers to facilitate a transaction. Brokerages receive a share of both the buyer’s and listing agent’s commissions from each transaction.
You’ve probably heard all three of these terms used to describe real estate agents. Sometimes people use these terms interchangeably, but each means something different. Here’s what you need to know:
This describes a situation in which a single agent represents both the buyer and the seller in a transaction. Because of the possible conflict of interest, we do not recommend clients enter this kind of arrangement.
Escrow is a financial arrangement in which sellers and buyers enlist a third party (i.e. an “Escrow Officer”). The Escrow Officer holds money, paperwork, or other assets until both parties have met their obligations for the agreement. Those obligations often include any home inspections, disclosures, or objections that need to be completed or resolved on time.
Certainly there’s much, much more to know about our industry. In that same vein, check out our other posts covering terms buyers and sellers should know:
Meanwhile, anyone with further questions should get in touch:
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