What is an Installment Contract?
An installment contract is a type of real estate contract that allows the buyer to purchase a property by making payments over time....
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professor566
Oct 19, 20231 min read
What is an Investment Property?
An investment property is purchased or rented out for the purpose of generating income. This includes properties such as rental...
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professor566
Oct 19, 20231 min read
What is an Independent Contractor?
An independent contractor is a real estate licensee who is supervised by a broker, but otherwise maintains control over their own...
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professor566
Oct 19, 20231 min read
What is Implied Warranty of Habitability?
Implied warranty of habitability is the legal doctrine that states that landlords have a duty to provide their tenants with a habitable...
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professor566
Oct 18, 20231 min read
What are Impact Fees?
Impact fees are fees charged by local governments to developers to help pay for the infrastructure costs associated with new development,...
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professor566
Oct 17, 20231 min read
What is Interest?
Interest is the cost of borrowing money. Interest rates are typically expressed as a percentage of the loan amount. Interested in...
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professor566
Oct 13, 20231 min read
What is a Home Warranty?
A home warranty is a contract that covers the repair or replacement of certain appliances and systems in a home for a certain period of...
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professor566
Oct 13, 20231 min read
What is Homeowners' Insurance?
Homeowner's insurance is a type of insurance that covers damage to a homeowner's property and personal belongings. Would you like to...
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professor566
Oct 13, 20231 min read
What is a Half Bath?
A half bath or powder room is a bathroom that contains a sink and a toilet, but no bathtub or shower. Would you like to learn more about...
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professor566
Oct 12, 20231 min read
What is a Home Equity Loan?
A home equity loan is a type of mortgage that allows homeowners to borrow against the equity in their homes. Would you like to learn more...
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professor566
Oct 10, 20231 min read
What is a Home Inspection?
A home inspection is a professional inspection of a property to identify any defects or problems. Interested in learning more about Real...
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professor566
Oct 10, 20231 min read
What is a Homeowners' Association?
A Homeowner's association (HOA) is an organization that manages and maintains common areas and property in a community. Interested in...
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professor566
Oct 3, 20231 min read
What is a Ground Lease?
A ground lease is a lease agreement in which the tenant leases the land but does not own the building on the land. Are you interested in...
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professor566
Oct 3, 20231 min read
What is a Gable Roof?
A gable roof is a type of roof with two sloping sides that meet at a ridge. Are you interested in learning more about Real Estate? Please...
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professor566
Oct 3, 20231 min read
What is a Graduated Payment Mortgage?
A graduated payment mortgage is a type of mortgage loan where the monthly payments start low and gradually increase over time. Are you...
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professor566
Oct 3, 20231 min read
What is Ginnie Mae?
The Government National Mortgage Association (GNMA) is a government agency that purchases and securitizes mortgage loans. Are you...
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professor566
Oct 3, 20231 min read
What is a Gross Lease?
A gross lease agreement is one in which the landlord pays all of the operating expenses associated with the property, such as property...
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professor566
Oct 3, 20231 min read
What is a Gap Loan?
A gap loan is a short-term loan used to cover the gap in time between buying a new home and selling an existing home. Are you interested...
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professor566
Sep 28, 20231 min read
What's a Fixture?
A fixture is a personal property item that is attached to real property in such a way that it becomes part of the real property. Examples...
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professor566
Sep 28, 20231 min read
What is Fee Simple Absolute?
Fee, fee simple or fee simple absolute is the highest form of ownership of real property. Are you interested in learning more about Real...
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