What is a Suit for Partition?
A suit for partition is a legal procedure used to divide ownership of real property that is owned by two or more people as tenants in...
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professor566
May 11 min read
What is a Mortgage Pre-Approval?
A mortgage pre-approval is a document issued by a lender that states their willingness to loan a borrower up to a certain amount of money...
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professor566
Apr 301 min read
Who is the Principal?
The principal or the client is who hires the real estate brokerage. The broker of the company has a fiduciary relationship with the...
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professor566
Apr 281 min read
What are Points?
A point is prepaid interest the the lender requires at the start of a mortgage in exchange for a rate below the current cost of money. A...
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professor566
Apr 271 min read
What is PMI?
PMI stands for private mortgage insurance. This is an insurance policy paid by the borrower that protects the lender in case the borrower...
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professor566
Apr 261 min read
What is PITI?
PITI stands for principal, interest, taxes, and insurance. These are the four main components that make up a monthly mortgage payment...
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professor566
Apr 251 min read
What is a Parcel?
A parcel specific piece of land which can be of any size but must have specific boundaries so it can be accurately defined. Would you...
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professor566
Apr 241 min read
What is an Office Building?
An office building is a structure specifically designed and built for commercial use as professional workspaces. They can come in all...
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professor566
Apr 231 min read
What is Occupancy Rate?
The occupancy rate for a property is a ratio used to measure the percentage of available space that is currently occupied by tenants or...
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TOCR Real Estate School
Apr 221 min read
Real Estate Pre-Licensing Courses Available Now
Kathleen, thank you for your testimonial! Begin your career in real estate by signing up for one of our upcoming pre-licensing courses...
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professor566
Apr 211 min read
What is Owner Financing?
Owner financing is when the seller finances the purchase of the property for the buyer, instead of a traditional mortgage lender. This...
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professor566
Apr 201 min read
What is an Open Listing?
An open listing is a non-exclusive agreement between a seller and a real estate broker. The seller can work with multiple agents and is...
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professor566
Apr 191 min read
What is an Option?
An option is a type of contract that gives the buyer (optionee) the right, but not the obligation, to purchase a property at a specific...
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TOCR Real Estate School
Apr 191 min read
Terrie O'Connor Realtors Real Estate School
Our upcoming real estate pre-licensing courses are filling up fast! Make sure to secure your seat at tocrres.com/register ! #RealEstate...
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professor566
Apr 181 min read
What is an Offer?
An offer is a formal proposal made by a buyer to purchase a property at a specific price and terms. The offer can be accept, rejected...
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professor566
Apr 171 min read
What is an Open House?
An open house is a scheduled event where a property for sale is open for the public to view, typically without an appointment. This is a...
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TOCR Real Estate School
Apr 171 min read
Virtual or In-Person Real Estate Pre-Licensing Course: May 6-24, 2024
Our upcoming real estate pre-licensing course starting on May 6th is now a hybrid course. This means that all of our students for this...
14 views2 comments
TOCR Real Estate School
Apr 171 min read
Meet Chassidy, a TOCRRES Graduate
Chassidy has achieved success in the real estate industry after receiving her pre-licensing education in our program. Our upcoming real...
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TOCR Real Estate School
Apr 171 min read
A Career in Real Estate
Real estate agents are able to guide people through one of the biggest decisions of their lives. View upcoming real estate pre-licensing...
4 views1 comment
professor566
Apr 161 min read
What is the National Association of Realtors?
The National Association of Realtors (NAR) is the largest trade association for real estate professionals in the United States. NAR...
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