English
!!! Words- Unit: 3,6,13,15,16,17
Chapter 1
someone who sells houses and land for people
→ (real) estate agent = vastgoedmakelaar
someone who buys land or buildings in order to build new houses and make a profit
→ property developer / project developer = projectontwikkelaar
someone who is responsible for preparing notarial files
→ notary clerk = notaris
someone who represents an association of co-owners and manages the common areas of a building
→ syndic (France / Belgium) = syndicus
a person or firm that operates a property for a fee and makes sure it remains in good condition
→ property manager = syndicus
someone who organises work on construction areas
→ construction manager / site manager = werfleider
A real estate agent: is someone whose job is to sell houses and land for people and is an
intermediary (=tussenpersoon) or a mediator (=bemiddelaar) between seller and buyer
BR eng:
- = estate agent
- = agent / broker
Am eng:
- = real estate agent
- = real estate broker
- = realtor !! = is a member of the national association of realtors (NAR) and may be an agent
or a broker, among other professions in the industry. NAR = BIV
Real estate agents:
- cannot operate independently – they must be hired of sponsored by a real estate broker
- agents must split their commission fees with their brokerage firms
Brokers:
- brokers can pocket the entire amount if there are no third parties involved in the
transaction
- are more qualified than agents and hold advanced licenses.
- Brokers are paid on commission but also get a cut of the commissions of agents who work
for them.
, Vocabulary:
- Growth opportunities → doorgroei mogelijkheden
= the company offers opportunities’ for promotion eg. More important job, more responsibilities,
better pay,…
- A property listing → lijst van ontroerend goed
= an agreement between the agent and the seller to advertise and sell the property / a property for
sale
- Prospective (client) → potentiële klant
= potential client, someone who is searching for a property
- Conditions of sale → verkoopsvoorwaarden
= a set of arrangements made by the seller which the buyer must accept
- To draw up a contract → contract opstellen
= to make or write a contract
- Inventory → inventaris
= all properties that are for sale
- An offer → bod
= an amount of money that someone wants to pay for a property
- A seller’s market → verkopersmarkt
= a market which had more people interested in buying homes than sellers
- Commission → commisie
= an amount of money that is paid when things (properties) are sold
‘you get a 3% commission on everything you sell’
Voordelen Nadelen
• You are your own boss • You have to be committed & self-motivated
• You do not need a lot of funds to get started • You need some savings to get started
• You meet a lot of new people each day • Your income can be unstable / you only earn
• Your income potential is not limited when you are selling
• You can be creative (eg. marketing) • You will have to talk to people
• You will be motivated by the variation in your job • You will not have any guarantees
• You’re not an employee, you are your own company • You will have to spend money on marketing,
• You can help people equipment, services etc. (expenses)
• You do not need a lot of education • You could fail (80% of new agents are out in first
• You’re in control of your own success 2 years)
, Chapter 2
Commercial: intended to generate a profit bv offices/ shops
Residential: intended for people to live in bv house/ flat
Terraced: rijwoning
Detached: vrijstaande
House
= a specific type of building (↔ flat), a physical thing
“I live in a small house.”
Home
= an emotional idea, the place where you live and where you feel safe and comfortable (a house, a
flat, etc)
“I was at home last night.”
!!! Words- Unit: 3,6,13,15,16,17
Chapter 1
someone who sells houses and land for people
→ (real) estate agent = vastgoedmakelaar
someone who buys land or buildings in order to build new houses and make a profit
→ property developer / project developer = projectontwikkelaar
someone who is responsible for preparing notarial files
→ notary clerk = notaris
someone who represents an association of co-owners and manages the common areas of a building
→ syndic (France / Belgium) = syndicus
a person or firm that operates a property for a fee and makes sure it remains in good condition
→ property manager = syndicus
someone who organises work on construction areas
→ construction manager / site manager = werfleider
A real estate agent: is someone whose job is to sell houses and land for people and is an
intermediary (=tussenpersoon) or a mediator (=bemiddelaar) between seller and buyer
BR eng:
- = estate agent
- = agent / broker
Am eng:
- = real estate agent
- = real estate broker
- = realtor !! = is a member of the national association of realtors (NAR) and may be an agent
or a broker, among other professions in the industry. NAR = BIV
Real estate agents:
- cannot operate independently – they must be hired of sponsored by a real estate broker
- agents must split their commission fees with their brokerage firms
Brokers:
- brokers can pocket the entire amount if there are no third parties involved in the
transaction
- are more qualified than agents and hold advanced licenses.
- Brokers are paid on commission but also get a cut of the commissions of agents who work
for them.
, Vocabulary:
- Growth opportunities → doorgroei mogelijkheden
= the company offers opportunities’ for promotion eg. More important job, more responsibilities,
better pay,…
- A property listing → lijst van ontroerend goed
= an agreement between the agent and the seller to advertise and sell the property / a property for
sale
- Prospective (client) → potentiële klant
= potential client, someone who is searching for a property
- Conditions of sale → verkoopsvoorwaarden
= a set of arrangements made by the seller which the buyer must accept
- To draw up a contract → contract opstellen
= to make or write a contract
- Inventory → inventaris
= all properties that are for sale
- An offer → bod
= an amount of money that someone wants to pay for a property
- A seller’s market → verkopersmarkt
= a market which had more people interested in buying homes than sellers
- Commission → commisie
= an amount of money that is paid when things (properties) are sold
‘you get a 3% commission on everything you sell’
Voordelen Nadelen
• You are your own boss • You have to be committed & self-motivated
• You do not need a lot of funds to get started • You need some savings to get started
• You meet a lot of new people each day • Your income can be unstable / you only earn
• Your income potential is not limited when you are selling
• You can be creative (eg. marketing) • You will have to talk to people
• You will be motivated by the variation in your job • You will not have any guarantees
• You’re not an employee, you are your own company • You will have to spend money on marketing,
• You can help people equipment, services etc. (expenses)
• You do not need a lot of education • You could fail (80% of new agents are out in first
• You’re in control of your own success 2 years)
, Chapter 2
Commercial: intended to generate a profit bv offices/ shops
Residential: intended for people to live in bv house/ flat
Terraced: rijwoning
Detached: vrijstaande
House
= a specific type of building (↔ flat), a physical thing
“I live in a small house.”
Home
= an emotional idea, the place where you live and where you feel safe and comfortable (a house, a
flat, etc)
“I was at home last night.”
