What is a Last Will & Testament?
A last will and testament, commonly referred to as a will, is a legal document specifying how someone's property and assets will be...
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professor566
Jan 41 min read
What are Wetlands?
Wetlands are areas with saturated soil and standing or slow-moving water that support unique plant and animal life. Would you like to...
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professor566
Jan 31 min read
What are Water Rights?
Water rights are the legal right to use water from a particular source, such as a river, lake or well. Would you like to learn more about...
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professor566
Jan 21 min read
What is a Use Variance?
A Use Variance is a legal exception granted by a local government to allow a property owner to deviate from existing zoning regulations...
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professor566
Dec 31, 20231 min read
What are Air Rights?
Air rights, in real estate terms, refer to the legal ownership or control of the airspace above a piece of land. Just like owning the...
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professor566
Dec 30, 20231 min read
What is a Void Contract?
A void contract is one that is invalid due to a lack of an essential element or legal flaws. Would you like to learn more about Real...
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professor566
Dec 29, 20231 min read
What is a VA Loan?
A VA Loan is a type of mortgage guaranteed by the U.S. Department of Veterans Affairs for active-duty military personnel, veterans, and...
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professor566
Dec 28, 20231 min read
What is a Victorian Style Home?
A Victorian Style Home is an architectural style popular in the late 19th century, characterized by ornate details, bay windows, and...
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professor566
Dec 27, 20231 min read
What is Usury?
Usury is charging an excessively high interest rate on a loan. Agent? Want to know more about being a Realtor? Click on the link for the...
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professor566
Dec 26, 20231 min read
What is Underwriting?
Underwriting is the process by which a lender evaluates the risk of granting a loan on a property. This involves verifying the borrower's...
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professor566
Dec 24, 20231 min read
What is a Chimney?
A chimney is a vertical structure that channels smoke and gases away from a building. It's typically made of brick, stone, or metal, and...
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professor566
Dec 23, 20231 min read
What is a Townhouse?
A townhouse is type of dwelling that is attached to other dwellings on either side. Townhouses are typically two or three stories tall...
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professor566
Dec 22, 20231 min read
What are Property Taxes?
Real estate or property taxes are levied by local governments on the value of real property. The amount of taxes paid is based on the...
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professor566
Dec 21, 20231 min read
What is Title?
Title is the legal ownership of real property. A property's title is conveyed by a deed, which is a legal document that transfers...
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professor566
Dec 19, 20231 min read
What is Tenancy?
A tenancy is the legal relationship between a landlord and a tenant, which defines the rights and obligations of each party. There are...
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TOCR Real Estate School
Dec 17, 20231 min read
What is a Deed in Lieu of Foreclosure?
A deed in lieu of foreclosure is a conveyance of title to the mortgagee by a mortgagor in default to avoid a record of foreclosure. Also...
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TOCR Real Estate School
Dec 16, 20231 min read
What is Title Insurance?
Title Insurance is an insurance policy issued to protect a property owner from losses resulting from undisclosed defects which affect or...
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professor566
Dec 15, 20231 min read
What is a Sconce?
A sconce is a wall-mounted light fixture. Would you like to learn more about Real Estate? Have you ever wanted to become a Real Estate...
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professor566
Dec 14, 20231 min read
What is a Sales Contract?
A sales contract is a legal document that outlines the terms of a real estate sale, including the price, closing date, and other...
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professor566
Dec 13, 20231 min read
What is a Sale & Leaseback?
A sale and lease back is a transaction where a property is sold, and then immediately leased back to the original owner. This can be...
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