What is Homeowners Insurance?
Homeowners insurance protects your home from damages covered in your policy. Not sure what your policy covers? You can find out by...
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TOCR Real Estate School
Jun 24, 20221 min read
What is a Seller's Disclosure?
A Seller’s Disclosure is a legal document sellers must fill out stating any home defects that may affect its value. Requirements on what...
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TOCR Real Estate School
Jun 23, 20221 min read
What is a Buydown?
A buydown happens when the borrower purchases a lower interest rate by paying a premium called a “point.” If you expect to increase your...
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TOCR Real Estate School
Jun 22, 20221 min read
What is an Appraisal?
An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an...
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TOCR Real Estate School
Jun 21, 20221 min read
What are Closing Costs?
The fees associated with finalizing a real estate transaction. Both the buyer and seller will have expenses during the closing process....
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TOCR Real Estate School
Jun 20, 20221 min read
What is an Active Contingent?
When a seller accepts an offer from a buyer, that offer is contingent upon the buyer’s ability to meet certain conditions before...
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TOCR Real Estate School
Jun 17, 20221 min read
What is a Letter of Intent?
Before buying a home, one of the things that might be required in order to obtain financing is a letter of intent. This is a document...
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TOCR Real Estate School
Jun 16, 20221 min read
What is a Chain of Title?
A chain of title is a document containing all previous property owners, listed in chronological order from the first owner to the present...
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TOCR Real Estate School
Jun 10, 20221 min read
Friday Pop Quiz Question
Its that time again! Let's put your real estate knowledge to the test! Which of the following hazards requires a federal disclosure form...
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TOCR Real Estate School
Jun 7, 20221 min read
My neighbors fence is on my property. Is it legal?
Encroachment occurs when all or part of a building, fence, driveway, or other installation illegally goes beyond its owner's land and...
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TOCR Real Estate School
Jun 3, 20221 min read
Pop Quiz Friday!
What is the intent of the federal fair housing law? 1. To allow the neighbors to choose buyers based on race and nationality 2. To allow...
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TOCR Real Estate School
Jun 1, 20221 min read
What is the NJREC?
The New Jersey Real Estate Commission, a division of the Department of Banking and Insurance, is composed of eight members appointed by...
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TOCR Real Estate School
May 27, 20221 min read
Last Chance! Classes Start Next Week!
Last chance to register! Classes will begin on Tuesday due to Memorial Day. Our upcoming real estate pre-licensing courses are filling up...
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TOCR Real Estate School
May 25, 20221 min read
Seller - Buyer Arrangements
There are several different financing arrangements are possible between buyer and seller other than a traditional mortgage. Here are 3 of...
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TOCR Real Estate School
May 23, 20221 min read
Upcoming Class Schedule : Reserve Your Spot Today!
Our upcoming real estate pre-licensing courses are filling up fast! Make sure to secure your seat at tocrres.com/register ! #RealEstate...
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TOCR Real Estate School
May 18, 20221 min read
What is a sublease and is it legal in New Jersey?
A sublease is the re-renting of property by an existing tenant to a new third party for a portion of the tenant’s existing lease...
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TOCR Real Estate School
May 16, 20221 min read
What is Escrow in Real Estate?
If you've ever been involved in any kind of real estate transaction, you've probably heard the word escrow. By definition, it is a...
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TOCR Real Estate School
May 13, 20221 min read
Google Review!
Sonya, thank you for your Google Review! Our upcoming real estate pre-licensing courses are filling up fast! Make sure to secure your...
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TOCR Real Estate School
May 11, 20221 min read
Why is a survey important?
A property survey confirms the legal description and boundary lines of a property. It also identifies any other limitations or easements...
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TOCR Real Estate School
May 5, 20221 min read
Don't Miss Out!
The countdown is on! Our next weekday class will begin on May 9th. Don't miss out on this opportunity to take the first step toward your...
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