What is an Interest Rate?
Interest rate in real estate refers to the cost of borrowing money to purchase a property. It's typically expressed as a percentage of...
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professor566
Aug 231 min read
What is an Inspection?
In real estate, an inspection is a thorough examination of a property to assess its condition and identify any potential problems or...
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professor566
Aug 221 min read
What is Ingress and Egress?
Ingress and egress are essential terms in real estate, referring to the right of access to and from a property . This includes the...
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professor566
Aug 181 min read
What is a Heat Pump?
A heat pump is a device that transfers heat from a colder area to a warmer area. Essentially, it works like a refrigerator in reverse....
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professor566
Aug 171 min read
What's a HELOC?
HELOC stands for Home Equity Line of Credit . It's a type of loan that allows you to borrow against the equity you've built up in your...
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professor566
Aug 161 min read
What is a Historic District?
A historic district is a designated area containing a significant concentration of historic buildings, structures, sites, or objects...
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professor566
Aug 151 min read
What is Highest & Best Use?
Highest and best use is a fundamental concept in real estate appraisal. It refers to the most profitable legal use of a...
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TOCR Real Estate School
Aug 141 min read
What are the Four Economic Characteristics of Land?
There are four economic characteristics of land - just think of DUST: DEMAND - The more demand there is for a particular property, the...
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ngramuglia3
Aug 131 min read
What is a Closing?
A real estate closing is the final step in a property sale. It's the moment ownership of the property transfers from the seller to the...
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TOCR Real Estate School
Aug 131 min read
All Teachers, Nurses and Veterans Get $100 Off Registration
All teachers, nurses and veterans can buy now and save $100 on upcoming real estate pre-licensing courses. View our entire list of...
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professor566
Aug 101 min read
Who is a Grantor?
A grantor is the person who transfers ownership of a property to another person. In simpler terms, they are the seller in a real estate...
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professor566
Aug 91 min read
Who is a Grantee?
A grantee is the person who receives ownership of a property from the grantor. In simpler terms, they are the buyer in a real estate...
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professor566
Aug 91 min read
What is a Garage?
A garage is a building or enclosed space primarily used for storing vehicles. Would you like to learn more about Real Estate? Have you...
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professor566
Aug 81 min read
What is Fannie Mae?
Fannie Mae is the common name for the Federal National Mortgage Association. It's a U.S. government-sponsored enterprise (GSE) that plays...
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professor566
Aug 71 min read
What is a Greenbelt?
A greenbelt is a designated area of undeveloped land surrounding or neighboring an urban area. It's typically preserved in its natural...
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TOCR Real Estate School
Aug 71 min read
Buy and Save - Teachers, Nurses and Veterans Discounts
All teachers, nurses and veterans can buy now and save $100 on upcoming real estate pre-licensing courses. View our entire list of...
1 view1 comment
professor566
Aug 61 min read
What is a Ground Lease?
A ground lease is a long-term agreement where a landowner (lessor) leases land to a tenant (lessee) for a specific period, typically 50...
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TOCR Real Estate School
Aug 61 min read
Teachers, Nurses and Veterans Discount Available Now
All teachers, nurses and veterans can buy now and save $100 on upcoming real estate pre-licensing courses. View our entire list of...
2 views1 comment
professor566
Aug 11 min read
What is a Graduated Payment Mortgage?
A Graduated Payment Mortgage (GPM) is a type of fixed-rate mortgage where the monthly payments start low and gradually increase over a...
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professor566
Jul 311 min read
What is a Gross Rent Multiplier?
A Gross Rent Multiplier (GRM) is a simple ratio that compares a property's market value to its annual gross rental income. It's a quick...
14 views2 comments
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