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professor566
Sep 241 min read
What is a Luxury Property?
In real estate, a luxury property is a high-end residence that offers exceptional amenities, features, and finishes. While the specific...
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professor566
Sep 221 min read
What is a Loft?
In real estate, a loft is a type of residential unit characterized by its open floor plan, high ceilings, and large windows. Lofts are...
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professor566
Sep 211 min read
What is Lot Size?
In real estate, lot size refers to the total area of land on which a property is situated. It's typically measured in square feet or...
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professor566
Sep 201 min read
What is a Lot?
In real estate, a lot refers to a parcel of land that is ready for development or construction. It is typically a specific portion of a...
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TOCR Real Estate School
Sep 201 min read
Real Estate Pre-Licensing Course: October 7 - 25, 2024
Special Offer: Register today to save $25 off of registration for our upcoming real estate pre-licensing course that starts on October 7, 20
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professor566
Sep 191 min read
What is a Listing Agreement?
A listing agreement is a legal contract between a property owner and a real estate agent that outlines the terms and conditions under...
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professor566
Sep 181 min read
What is a Lien?
A lien in real estate is a legal claim or charge against a property that serves as security for a debt. It gives the lienholder the...
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professor566
Sep 171 min read
What is a Leasehold Interest?
A leasehold interest is a type of property interest that gives a tenant the right to use and occupy a property for a specified period of...
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professor566
Sep 151 min read
What is a Lease?
A lease is a legal agreement between a landlord and a tenant that outlines the terms and conditions of a rental agreement. It typically...
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professor566
Sep 141 min read
Who is a Landlord?
A landlord is an individual or entity that owns and rents out property to tenants. They are responsible for maintaining the...
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professor566
Sep 131 min read
What is a Knockdown?
In real estate, a "knockdown" typically refers to a property that is in such a poor state of repair that it would be more cost-effective...
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professor566
Sep 121 min read
What is a Kiosk?
A kiosk is a small, freestanding structure or booth that is used to provide information, sell products, or offer services. They are...
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professor566
Sep 111 min read
What is a Knowledgeable Buyer?
A knowledgeable buyer in real estate is someone who has a good understanding of the market, the property, and the buying process. They...
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professor566
Sep 101 min read
What is a Kickback?
In real estate, a kickback is an illegal payment or benefit received by a real estate professional in exchange for referring clients to a...
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professor566
Sep 81 min read
What is Key Money?
Key money is a fee paid by a tenant to a landlord or property owner to secure a lease or rental agreement. This payment is typically...
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professor566
Sep 71 min read
What is a Junior Mortgage?
A junior mortgage is a mortgage that is subordinate to an existing mortgage. This means that if the property is foreclosed upon, the...
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professor566
Sep 61 min read
What is a Judgment Lien?
A judgment lien is a legal claim against a debtor's real property that arises when a creditor obtains a court judgment for a debt owed....
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professor566
Sep 51 min read
What is Just Compensation?
Just compensation is a legal principle that requires the government to pay fair market value for property it takes for public use...
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professor566
Sep 41 min read
What is a Joint Venture?
In real estate a joint venture is a partnership between two or more parties that come together to acquire, develop, own, or manage a...
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professor566
Sep 31 min read
What is Joint Tenancy?
Joint tenancy is a form of property ownership where two or more people own a property together. The key characteristic that sets it...
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