What is a Sales Contract?
A a sales contract is a legal document outlining the terms of a real estate sale, including price, closing date, contingencies, and...
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professor566
May 151 min read
What is a Sale and Leaseback?
As sale and leaseback is a transaction where a property owner sells their property to an investor, then immediately becomes the tenant of...
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professor566
May 141 min read
What is Rent?
Rent is a periodic payment made by a tenant to a landlord for the temporary use of property. The amount of rent charged is often...
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professor566
May 121 min read
What is a REIT?
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. Essentially, it allows...
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professor566
May 111 min read
What is Radon?
Radon is a colorless, odorless, radioactive gas that comes from the breakdown of uranium in rock, soil, and water. It's naturally...
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professor566
May 101 min read
What is Refinancing?
Refinancing refers to the process of replacing an existing loan with a new one, typically with the goal of getting better terms for the...
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TOCR Real Estate School
May 91 min read
75 Hour Weekday Hybrid Real Estate Pre-Licensing Course: June 3-24, 2024
Our upcoming real estate pre-licensing course starting on June 3rd is now a hybrid course. This means that all of our students for this...
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professor566
May 91 min read
What is Quiet Enjoyment for a Tenant?
Quiet enjoyment refers to a tenant's legal right to peacefully occupy and use their rented property. It's essentially a guarantee from...
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professor566
May 81 min read
What are Qualifying Ratios?
In regards to a mortgage, a qualifying ratio is a financial measurement used by lenders to assess your ability to repay a home loan. It's...
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TOCR Real Estate School
May 71 min read
International Nurses Day
In honor of International Nurses Day, all nurses can save $100 upon registration for our upcoming real estate pre-licensing courses. Call...
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professor566
May 71 min read
What is a Quitclaim Deed?
A quitclaim deed is a legal document used to transfer ownership of real estate from one person (grantor) to another (grantee). Unlike...
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professor566
May 51 min read
What is Procuring Cause?
Procuring cause boils down to identifying the real estate licensee who effectively initiated the uninterrupted chain of events that led...
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professor566
May 41 min read
What is Personal Property?
In real estate, personal property refers to any belongings that are not permanently attached to the land or the structure itself. These...
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professor566
May 31 min read
What is a Package Mortgage?
A package mortgage is a loan that combines financing for both real estate and the personal property that comes with it bundled into a...
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TOCR Real Estate School
May 31 min read
Teacher Appreciation Month Special
Save $100 upon registration for our upcoming real estate pre-licensing courses. Call us for more information: 201-327-7100....
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professor566
May 21 min read
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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