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...

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...

A multiple listing service (MLS) is database shared by real estate professionals that lists properties currently or previously in the...

A maintenance fee is a fee paid by homeowners in some communities, such as condominiums or planned developments, to cover the cost of...

Market value is the estimated price a willing buyer would pay to a willing seller in an open market transaction, two strangers each...

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....

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...

A listing is an agreement between a property owner (seller or a landlord) and a real estate broker authorizing the brokerage to market...

A lien is a legal claim against a property that must be satisfied before the property can be sold or transferred. There are many...

The financial institution that provides a mortgage loan to a borrower to purchase real estate. Would you like to learn more about Real...

We have two real estate pre-licensing courses starting on Monday, April 1st, 2024. Our evening class will be in-person from April 1st ->...

A legal description is a precise written description of a property according to a government-recognized system, used to identify the...

A lease is a legal agreement between a property owner (lessor or landlord) and someone who wants to occupy the property (lessee or...

A judicial foreclosure type of foreclosure that goes through the court system. The lender must file a lawsuit against the borrower and...

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...

Students now have the options to choose between in-person OR virtual/remote for our upcoming pre-licensing course running from April...

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...

Joint tenancy with the right of survivorship is a type of ownership where two or more people own a property together with equal shares....

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...

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...