An option contract is an agreement that gives one party the right to buy or sell property at a specific price within a certain timeframe....

An owner's title policy is an insurance policy that protects the homeowner from claims of ownership to the property. Would you like to...

An open house is a scheduled time when a property is available for potential buyers to view. Would you like to learn more about Real...

An off-market property is one that is not listed for sale on the public market. Would you like to learn more about Real Estate? Have you...

An offer is a proposal to buy or sell property at a specific price and terms. Would you like to learn more about Real Estate? Have you...

Save 40% on all real estate, mortgage, and professional development courses with The CE Shop on Wednesday, October 16th when you visit...

Negative amortization happens when the monthly mortgage payment is less than the interest due, causing the principal balance to increase....

Net operation income (NOI) is the property's income after deducting operating expenses. Would you like to learn more about Real Estate?...

A notice to quit is a legal document that informs a tenant of their obligation to vacate a rental property by a specific date. Would you...

A note is a legal document that outlines the terms of a loan, including the principal amount, interest rate, repayment schedule, and...

A non-conforming use is when property that was legally zoned for a particular use at the time it was built, but no longer complies with...

A net lease is a lease agreement where the tenant is responsible for paying property taxes, insurance, and maintenance costs in addition...

A market analysis  in real estate is a comprehensive evaluation of a specific property market, such as a neighborhood, city, or...

A mortgage payment  is a periodic payment made by a borrower to a lender to repay the principal and interest on a loan used to purchase...

A Multiple Listing Service (MLS)  is a database that real estate agents use to share information about properties they have listed for...

In real estate, a mill is a unit of measurement used to express property tax rates. One mill equals $1 of tax for every $1,000 of...

Our next real estate pre-licensing course is starting on October 7, 2024! Don't miss your chance to become a licensed real estate agent.

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Multiple offers  in real estate occur when a property receives more than one purchase offer at the same time. This often happens in...

Market value  in real estate refers to the estimated price at which a property would sell in an open market under normal conditions. It's...