What is Fannie Mae?
Fannie Mae or the Federal National Mortgage Association, a government-sponsored enterprise that buys and sells mortgages, making them...
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professor566
Sep 28, 20231 min read
What is an Exclusive Right to Sell Listing Agreement?
An exclusive right to sell listing agreement is a contract in which the owner hires a real estate broker as their exclusive agent for a...
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professor566
Sep 27, 20231 min read
What is a Deed?
A deed is a written instrument that, when executed and delivered, conveys title to or an interest in Real Estate. Are you interested in...
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professor566
Sep 26, 20231 min read
What is Capitalization Rate?
A capitalization rate is the measure of the expected return on an investment property, calculated by dividing the annual net operating...
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professor566
Sep 19, 20231 min read
What is a Bargain and Sale CVG Deed?
A bargain and sale covenants versus grantor's acts guarantees the title against defects arising during the period the grantor owned the ...
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professor566
Sep 19, 20231 min read
What is Avulsion?
Avulsion is the sudden changing of course of a stream increasing or decreasing areas of land. Want to know more about Real Estate? Please...
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professor566
Sep 19, 20231 min read
What is an Arm's Length Transaction?
An arm's length transaction is one between relative strangers, each trying to do the best for himself or herself. Interested in learning...
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professor566
Sep 19, 20231 min read
When do you Use a Bill of Sale?
A bill of sale is a written instrument given to transfer title of personal property. Would you like to learn more about Real Estate?...
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professor566
Sep 19, 20231 min read
What's a Balloon Payment?
A balloon payment is the final payment of a mortgage loan that is considerably larger than the required periodic payments because the...
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professor566
Sep 19, 20231 min read
What is the Basis?
The basis is the cost of a property that the Internal Revenue Service uses to determine annual depreciation and gain or loss on the sale...
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professor566
Sep 14, 20231 min read
What is Reliction?
Reliction is gradual and permanent recession of water which results in dry, usable land. Are you interested in learning more about Real...
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professor566
Sep 14, 20231 min read
What are Air Rights?
The air rights of a property is the right to use the air above the land which can be sold or leased independently of the land itself. Are...
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professor566
Sep 14, 20231 min read
What is an Affidavit of Title?
An affidavit of title is a sworn statement in which the seller assures the title company and the buyer that there are no updates since...
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professor566
Sep 13, 20231 min read
How Big is an Acre?
An acre is a measure of land equal to 43,560 square feet. Are you interested in learning more about Real Estate? Please click here for...
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professor566
Sep 6, 20231 min read
What is a Ad Valorem Tax?
An ad valorem tax is a tax based on the assessed on the value of property. Do you have an interest in Real Estate and want to know more?...
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professor566
Sep 6, 20231 min read
What is an Acceleration Clause?
An acceleration clause is a provision in a mortgage that allows the lender to demand full payment of the loan balance if the borrower...
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professor566
Sep 6, 20231 min read
Abstract of Title
An abstract of title is a summary of the history of ownership of a property. Are you interested in learning more about Real Estate? If...
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professor566
Sep 6, 20231 min read
What is an Appraisal?
An appraisal is the process of determining the fair market value of a property. Are you considering a career in Real Estate? Click here...
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TOCR Real Estate School
Aug 28, 20231 min read
What is Interim-Financing?
Interim-financing is a short-term loan that is used to bridge the gap between the time a property is purchased and the time the permanent...
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TOCR Real Estate School
Aug 28, 20231 min read
What is Interest-Only Mortgage?
Interest-only mortgage is a mortgage in which the borrower only pays interest on the loan balance for a specified period of time, after...
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