What is a Net Lease?
A net lease is a type of lease agreement in which the tenant is responsible for paying some or all of the property taxes, insurance, and...
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TOCR Real Estate School
Apr 101 min read
Virtual or In-Person Real Estate Pre-Licensing Course
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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professor566
Apr 91 min read
What is a Multiple Listing Service?
A multiple listing service (MLS) is database shared by real estate professionals that lists properties currently or previously in the...
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professor566
Apr 61 min read
What is a Maintenance Fee?
A maintenance fee is a fee paid by homeowners in some communities, such as condominiums or planned developments, to cover the cost of...
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professor566
Apr 51 min read
What is Market Value?
Market value is the estimated price a willing buyer would pay to a willing seller in an open market transaction, two strangers each...
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professor566
Apr 41 min read
What is a Lot?
A lot is a defined piece of land within a larger development or subdivision. Lots are typically identified by a number on a plat map....
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professor566
Apr 31 min read
What is Loan to Value Ratio?
A loan to value ratio (LTV) is used by lenders to determine how much money they are willing to lend on a mortgage compared to the...
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professor566
Apr 21 min read
What is a Listing?
A listing is an agreement between a property owner (seller or a landlord) and a real estate broker authorizing the brokerage to market...
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professor566
Mar 311 min read
What is a Lien?
A lien is a legal claim against a property that must be satisfied before the property can be sold or transferred. There are many...
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professor566
Mar 301 min read
What is a Lender?
The financial institution that provides a mortgage loan to a borrower to purchase real estate. Would you like to learn more about Real...
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TOCR Real Estate School
Mar 291 min read
Two Real Estate Pre-Licensing Courses Starting April 1st, 2024
We have two real estate pre-licensing courses starting on Monday, April 1st, 2024. Our evening class will be in-person from April 1st ->...
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professor566
Mar 291 min read
What is a Legal Description?
A legal description is a precise written description of a property according to a government-recognized system, used to identify the...
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professor566
Mar 281 min read
What is a Lease?
A lease is a legal agreement between a property owner (lessor or landlord) and someone who wants to occupy the property (lessee or...
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professor566
Mar 271 min read
What is a Judicial Foreclosure?
A judicial foreclosure type of foreclosure that goes through the court system. The lender must file a lawsuit against the borrower and...
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professor566
Mar 261 min read
What is a Judgment?
A judgment is a court order that requires a person to pay a debt. If a judgment is placed against a property owner, it can become a lien...
5 views1 comment
TOCR Real Estate School
Mar 251 min read
Virtual or In-Person Real Estate Pre-Licensing Class: April 1st - 19th, 2024
Students now have the options to choose between in-person OR virtual/remote for our upcoming pre-licensing course running from April...
6 views1 comment
professor566
Mar 241 min read
What is a Jumbo Loan?
A Jumbo Loan or non-confirming loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. These loans...
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professor566
Mar 231 min read
What is Joint Tenancy with the Right of Survivorship?
Joint tenancy with the right of survivorship is a type of ownership where two or more people own a property together with equal shares....
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professor566
Mar 221 min read
What is Insurance?
Insurance is a contract that protects a property owner from financial loss in the event of a covered event, such as a fire, theft, or...
6 views1 comment
professor566
Mar 211 min read
What is Interest?
Interest is the cost of borrowing money. When you take out a mortgage, you pay interest on the loan amount. The interest rate is a...
11 views1 comment
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