A a sales contract is a legal document outlining the terms of a real estate sale, including price, closing date, contingencies, and...

As sale and leaseback is a transaction where a property owner sells their property to an investor, then immediately becomes the tenant of...

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...

A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. Essentially, it allows...

Radon is a colorless, odorless, radioactive gas that comes from the breakdown of uranium in rock, soil, and water. It's naturally...

Refinancing refers to the process of replacing an existing loan with a new one, typically with the goal of getting better terms for the...

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...

Quiet enjoyment refers to a tenant's legal right to peacefully occupy and use their rented property. It's essentially a guarantee from...

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...

In honor of International Nurses Day, all nurses can save $100 upon registration for our upcoming real estate pre-licensing courses. Call...

A quitclaim deed is a legal document used to transfer ownership of real estate from one person (grantor) to another (grantee). Unlike...

Procuring cause boils down to identifying the real estate licensee who effectively initiated the uninterrupted chain of events that led...

In real estate, personal property refers to any belongings that are not permanently attached to the land or the structure itself. These...

A package mortgage is a loan that combines financing for both real estate and the personal property that comes with it bundled into a...

Save $100 upon registration for our upcoming real estate pre-licensing courses. Call us for more information: 201-327-7100....

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...

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...

The principal or the client is who hires the real estate brokerage. The broker of the company has a fiduciary relationship with the...

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...

PMI stands for private mortgage insurance. This is an insurance policy paid by the borrower that protects the lender in case the borrower...