1. A likeness of a person, especially one showing the face, that is created by a painter or photographer, for example. 2. A verbal representation or description, especially of a person. 3. A dramatic representation of a character: the actor's portrait of the famous general. 4.
The last major differences between retail and wholesale is the use of realtors. Realtors serve a very useful purpose in retail as they are experts in their field and help buyers who have no idea how real estate works, how to negotiate contracts or what is needed to protect themselves from bad deals on the market.
A traditional real estate sales agreement involves the services of a real estate agent, who represents the seller under the supervision of a real estate brokerage. The average real estate commission is 6 percent of the home's sale price but can be higher or lower depending on the area and sales situation. In the case of a $200,000 home with a 6 percent commission rate, the real estate agent's commission would total $12,000. The real estate agent does not get paid until the house sale transaction closes.