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...
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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...
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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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professor566
Apr 141 min read
What is a Note?
In real estate, notes are often used to finance the purchase of a property. This creates the personal obligation to repay the debt and...
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professor566
Apr 131 min read
What is a Non-Conforming Loan?
A non-conforming loan is a type of mortgage that does not meet the standards set by Fannie Mae or Freddie Mac, the two...
6 views1 comment
TOCR Real Estate School
Apr 131 min read
Virtual or In-Person Real Estate Pre-Licensing Course: May 6-24, 2024
Terrie O'Connor Realtors Real Estate School's upcoming real estate pre-licensing course starting on May 6th is now a hybrid course. This...
1 view0 comments
professor566
Apr 121 min read
What is Negative Amortization?
Negative amortization happens with a type of mortgage in which the loan balance increases over time because the monthly payments are not...
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professor566
Apr 111 min read
What is Net Operating Income?
Net operating income (NOI) is a measure of a property's profitability. It is calculated by subtracting operating expenses from gross...
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