What is an Interest Rate?
An interest rate is the percentage of the loan amount that the borrower must pay to the lender each year. Considering a career in real...
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TOCR Real Estate School
Aug 28, 20231 min read
What is an Inspection Contingency?
An Inspection Contingency is a clause in a real estate contract that allows the buyer to cancel the contract if the home inspection...
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TOCR Real Estate School
Aug 28, 20231 min read
What is Inclusionary Zoning?
Inclusionary Zoning are zoning laws that require developers to include a certain percentage of affordable housing units in their...
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TOCR Real Estate School
Aug 21, 20231 min read
What is a Homestead Exemption?
A homestead exemption is a tax exemption that homeowners can claim on their property taxes. Considering a career in real estate? Check...
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TOCR Real Estate School
Aug 21, 20231 min read
What is a Fiduciary Responsibility?
The relationship between a real estate agent and a client. Considering a career in real estate? Check out our upcoming pre-licensing...
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TOCR Real Estate School
Aug 14, 20231 min read
What is a No Objection Certificate (NOC)?
A No Objection Certificate (NOC) document that is issued by a lender to a borrower, stating that the lender does not object to the...
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TOCR Real Estate School
Aug 14, 20231 min read
Google Review - Brynn B.
Brynn, thank you for submitting this review! Are you considering a career in real estate? Check out our upcoming pre-licensing courses...
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TOCR Real Estate School
Aug 14, 20231 min read
What is the National Association of Realtors (NAR)?
The National Associations of Realtors (NAR) is a trade association that represents real estate professionals in the United States. NAR is...
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TOCR Real Estate School
Aug 14, 20231 min read
What is Nonhomogeneity?
Nonhomogeneity is a lack of uniformity in a property or neighborhood. Nonhomogeneity can make it difficult to value a property, as it can...
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TOCR Real Estate School
Aug 14, 20231 min read
What is Noncomforming Use?
A use of property that is not permitted by the zoning ordinance. Nonconforming uses are often grandfathered in, meaning that they are...
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TOCR Real Estate School
Jul 31, 20231 min read
What is Variance?
Variance is a permit that allows a property to be used in a way that is not allowed by the zoning laws. Considering a career in real...
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TOCR Real Estate School
Jul 31, 20231 min read
What is Title Insurance?
Title insurance is insurance that protects the buyer against any title defects. Considering a career in real estate? Check out our...
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TOCR Real Estate School
Jul 31, 20231 min read
What is a Settlement?
A settlement is the final step in a real estate transaction, when the buyer takes possession of the property and the seller receives the...
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TOCR Real Estate School
Jul 31, 20231 min read
What is a Title?
A title is a legal document that proves ownership of a property. Considering a career in real estate? Check out our upcoming...
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TOCR Real Estate School
Jul 24, 20231 min read
Real Estate Agent
A real estate agent is a licensed professional who can help buyers and sellers buy, sell, or rent property. Considering a career in real...
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TOCR Real Estate School
Jul 24, 20231 min read
Back-Up Offer
A back-up offer is an offer to purchase a property that is made after the seller has already accepted another offer. Considering a career...
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TOCR Real Estate School
Jul 24, 20231 min read
Closing Costs
Closing costs are the fees associated with the closing of a real estate transaction, such as title insurance, appraisal fees, and...
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TOCR Real Estate School
Jul 24, 20231 min read
Homeowners Association (HOA)
A homeowners association is a group of homeowners who create and enforce rules and regulations for a specific property or community....
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TOCR Real Estate School
Jul 24, 20231 min read
Property Disclosure
Property disclosure is a document that provides information about the condition of a property. Considering a career in real estate? Click...
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TOCR Real Estate School
Jul 24, 20231 min read
Pre-Qualification
Pre-Qualification is a lender's estimate of how much money a borrower may be able to borrow. Considering a career in real estate? Check...
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