– “Farming” is a prospecting strategy used by many Realtors to gain new clients, particularly potential sellers. A real estate farm is usually a neighborhood that a Realtor repeatedly contacts with mail, door hangers, or personal visits in an effort to build relationships and ultimately to solicit business.

FSBO (For Sale By Owner)

– Real Estate that is sold by the owner of the property without using a real estate agent.

Foreclosure Property

– The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves
a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.