The exact strategies you need to become conversational in Spanish this year. Join the course now, before we come to our senses and charge for it!
A lot less than you are probably thinking. Two of the biggest mistakes I see our students make are… Studying too many hours and becoming overwhelmed Not studying the right
The short answer? It depends. A felony can place a serious dent in your background. But don’t lose hope. Not all crimes make a person ineligible for obtaining a real estate license.
Before we dive into selling or buying properties, we MUST know what we are getting ourselves into! Lucky for us, the difference between real property and personal property is “fairly”
It never fails. At least once a month, one of my students will e-mail me asking how they can cheat on the real estate exam. They are often surprised when
A Quick Guide on How to Get a Real Estate License in North Dakota A career in real estate is a good career path to pursue in North Dakota because
When you own property outright, did you know a set of rights comes along with it? This set of rights is commonly referred to as a bundle of rights in
Real Estate Agent Salary: How Much Does a Real Estate Agent Earn?
The real estate industry is not an easy feat. It takes training and experience to become a successful agent – and we have collated some of the best tips for
If you’re wondering how long does it take to get a real estate license, the quick answer we can give is… it varies. The general rule of thumb is it
Are you an aspiring real estate professional or someone interested in buying, selling, or renting real estate? If your answer to our question is yes, then this article is for
Not a lot are aware of this, but the majority of people actually have a Fee Simple Estate of the property they currently own. If you have heard of this
Looks can be deceiving. This is the case when one has “color of title.” In this article, we’ll delve into the specifics and understand the meaning behind color of title,
What Is Fee Simple Defeasible Depending on what part of the country you are from, Fee Simple Defeasible is also called a qualified fee estate, conditional fee estate, or a
Owning your free time and making as much money as you want is one of the top reasons people decide to get a real estate license. Although we have ups
Getting a Tennessee real estate license is simple. Read on and we’ll show you how to get a Tennessee Real Estate License with easy steps and a comprehensive list of
As most of you know, the real estate exam is not easy. One of the questions we are often asked is… “What happens if you fail the real estate exam?”
A home is one of the largest investments you will make in your lifetime. To ensure that your investment is a wise one, it’s important to know how to make
The income capitalization approach is one of the three real estate valuation methods, the other two approaches being the cost approach and the sales comparison approach. You will need to
If you are thinking about starting a career in the real estate industry in Dallas, San Antonio, Houston, Austin, or El Paso, you will need a Texas real estate license.
While you are preparing for your real estate exam you may have come across the term, habendum clause. We have no doubt that you’re aware it’s an important part of the
If you stumbled up on this page, chances are you are studying for some sort of real estate exam and looking to improve your real estate vocabulary. Let me introduce
No matter if you are just educating yourself or studying for your real estate exam, understanding the subordination clause is important. Once a home undergoes foreclosure, it’s possible that mortgage
Have you ever made a decision on behalf of a friend? Were you authorized to do so? More importantly, was your friend happy about your (unsolicited) act of authority? In
So you have heard how much money a real estate agent makes and want to grab your real estate license to cash in? Obtaining your real estate license in any
What is an Appurtenance? When studying for your real estate exam, you will need to know an appurtenance is a noun and means something that is a part of
Although we have helped over 5,000 people pass their real estate exam with our real estate exam prep material, many of our readers still e-mail asking what are the best real
You really thought after passing your real estate exam and became a licensed realtor your school days were over? Ha! Although we helped you with your real estate exam prep,
Getting ready for a career in real estate? Well, before you can become a certified real estate agent, you’ll have to pass the real estate exam first. Now, because the
Suppose you are a realtor in one state and wondering how to move your business to another state and set up shop in the other form. Will your license be
Hello there! So, you wanna know about the secondary market huh? Developed an interest in investing and real estate? Do you plan on joining the stock market and boost your
Did you know that a real estate commission can reach $100,000? Did you also know the real estate license exam only costs $100? Well, no wonder you’re interested in becoming
Life estate is a property that an individual owns and may use throughout their lifetime. A life tenant is anyone who shares ownership of the property with another person(s). The
When we say contract, the first image that comes to your mind is probably a fancy piece of paper with signatures and stamps handed over to you by a lawyer
Do you want to be not just a realtor, but a man who cares? Call 1-866-5DUNPHY. Source: imgur.com Okay, that was a joke (we love silly jokes, memes and quotes).
Aside from food and clothing, a place to live is one of the most basic necessities of man. This means the industry of real estate NEVER runs out of demand.
You are of legal age, aren’t you? And you have a high school diploma? You’ve just completed the first step! The Kansas Real Estate Commission (KREC) requires applicants to be
The cost approach is one of the three real estate valuation methods, the other two approaches being the income approach and the sales comparison approach. You will need to
An implied agency is an agency formed by the conduct of the principal and agent. Under Federal laws, an agent has the power to act on the behalf of the
Buying and selling real estate is complicated enough, but throw in more specific terms like special agent, universal agent, and you might as well call it a whole new language.
So you are studying for your real estate exam and need to know what a freehold estate is, huh? It’s one of the many real estate vocabulary words you will
The United States’ vast land area made it difficult to figure out its borders as the country grew westward back in the days. There was a need to have a
If you’re building a new house or scouring the market for a valuable piece of real estate, you’ve probably come across some confusing terminology like the ‘half bath’. (And yes,
If you are studying for your real estate exam, this article will guide you through the definition of nonhomogeneity along with examples to support you better. Want the short answer?
Understanding novation is important in creating real estate contracts. Whether you are a real estate agent or a buyer, it’s important to at least understand the concept of it. But
In civil law, the corporeal property is a legal right of ownership over material things that a person has. Corporeal property is having legal rights over such subjects in existence
The difference between a townhouse and a house is might seem obvious due to the difference in size. However, looking at a property isn’t that shallow. Once you reach the
The idea of selling or buying a home seems simple and straightforward; and it’s definitely tempting to have a go at it yourself without having to pay a real estate
A buyer sees a well-furnished house, falls in love with the place, then comes move-in day… “Wait, where’s the complete set?!” Prospective buyers of a house or property can sometimes
Sometimes we need a little bit of motivation to get us by. If you find you’re in a rut or looking to get into real estate investing and need
Here’s a brief real-life scenario of what a closing agent does: So you’re looking for your dream home and you think you’re just about ready to dive in completely. You
Selling a house can be stressful (as is studying for your real estate test). Where do you even start? It’s not like we can sell a place based on sentimental
An estoppel certificate is a signed statement is separate from your lease agreement, but it is also legal and binding when presented in court. With that said, it’s CRUCIAL to
Dual Agency In layman’s terms, a duel agent (or dual agency) is someone who is representing the buyer and the seller at the same time. Because dual agency is legal
The cash asset ratio reveals a lot about the financial situation of a business. As one of the three common ways to calculate liquidity, cash ratio is often used to
Whether you’re a landlord or a tenant, a writ of possession plays a SIGNIFICANT role in eviction proceedings. For example: When this writ is awarded to a landlord in court,
Are you a real estate investor looking for a property manager? Or are you still thinking about the pros and cons of having one? Property managers help landlords simplify the
Do you get confused with the legal jargon in a lease agreement? Not sure what sufferance tenancy entails? A rental agreement has a limited term. It’s specified in the contract
Passing the real estate license exam is one life-changing moment. Nothing compares to the happiness you feel once you have passed the test (our users tell us daily). Of course,
As a property owner, you might have come across the term “rent concession.” If you have a vacancy in one of your investment properties, this is something you might want
A saturated market is often bad news for any business. After all, too much competition is a problem when you’re trying to maximize profitability, right? BUT GOOD NEWS! There are
When you’re looking to buy or sell property, you will encounter different types of deeds to facilitate the transfer of estate. Bargain and sale deeds are often used when you’re
As a landowner, you need to be aware of your rights and benefits. You need to understand what the law states about what you’re entitled to when you buy a
While traditional approaches to real estate investment, such as financing a property through conventional mortgages or private money lenders do work, sometimes they may not be sufficient for your situation.
Whenever you buy land for your house, you need to note the different physical characteristics of land because they affect the price of the land you intend to buy. In
For the most part, regardless of what it is, we want to use what we own as best as they are capable. The same goes for real estate property. Purchasing
Between a house with creaking floors and dilapidating walls and a house with pretty furniture and sturdy walls, which feels more like a home to you? In real estate, this
Real estate is all about sealing the deal. And when sealing a deal, you have to consider signing a lot of contracts. And simply put, going into these deals without
Looking for a home in the market and having difficulty figuring out your schedule? Or perhaps you’re selling a house and came across a particular email. Frankly speaking, these blind
In the world of real estate, a leasehold estate pertains to the agreement between a landlord (the owner of the property, or lessor) and a tenant (the one who occupies
As a landlord, you should be aware of legal issues you could potentially encounter regarding your land. One such problem involves unauthorized occupants or squatters. Since squatters rights can be
All is fair in love for business and war for transactions. And in real estate transactions, the goal is to reach a fair market value for all parties involved. Through
Choosing the perfect home for a single-family is one of the most exciting stages of adulthood. But despite the freedom that comes with being a property owner, it is also
Finding a home for a buyer and making their dreams come true is an absolute win for a real estate agent. However, real estate demands can be challenging, finding a
Your real estate exam will be tricky, and the laws around buying property can sometimes be confusing. Several terms and provisions in contracts need to be met, some of which
Real estate can be dizzying, but an alienation clause in your home mortgage contract is easy to define. Let’s get started. What Is an Alienation Clause? You will find
Real Estate Vocab is by far the most important thing to focus on when you are studying for the real estate exam. It can get quite complicated with all the
Are you studying for your real estate exam or getting into other types of real estate and wondering what an executed contract is? We explain everything below! What Is an
The principle of substitution – a buyer will not pay more for a property than the cost of an equally desirable alternative property. Although this real estate term is often
As a real-estate buyer, have you ever had a real estate agent go on and on about the positives of a property they are showing you? Throwing words like ‘the
Are you an aspiring real estate agent studying for your real estate exam? I can assure you that understanding the sales comparison approach (market data approach) will be on your
A Quick Guide On How To Get A Real Estate License In New Jersey A career in real estate is a good career path to pursue in New Jersey because
Taking the real estate exam isn’t an easy task. Luckily for you, there are a few techniques to help remember the limitations to simple absolute ownership as well as
Have you ever noticed that some states involve “deeds” while others have “mortgages”? There’s a difference between the two real estate terms and when they apply. In the U.S., each
There are many times when legal disputes fall into the territory of who has the rights to what. This is especially true when it comes to real property or real
A valid contract is an agreement between two or more parties in which one party offers something of value to the people of another party. Basically, all parties must agree
Various economic concepts are employed in an estate. One of which happens to be the principle of contributory value in real estate. You might have heard of marginal contribution as
An easement is an agreement that gives a person the right to use or enter another person’s land property. For example, you have the right to use the public park,
Littoral Rights Vs Riparian Rights Do you own property that is close to a water body? Then you need to know about littoral rights. “Littoral rights are the rights given
How To Get Your Real Estate License in Oklahoma If you wish to have a flourishing career in real estate, the ultimate goal is to become a real estate broker.
What Do Ingress and Egress Mean In Real Estate? Studying for your real estate exam or just curious about ingress and egress? Regardless, we can help! Ingress and egress
What are Emblements in Real Estate? In real estate these are crops that are planted and taken care of by tenants, and remain the property of the tenants even
What is a Bilateral Contract? Contracts are an integral part of everyday life! Many times, people don’t even know they are participating in a contract. A bilateral contract is
How to become a real estate agent A career in real estate is one of the best moves you can make if you are looking for freedom (financially and
How Much Is My House Worth? Just how much is my house worth? I hear it all the time. Getting ready to sell your house (or just wanting to
How to Become a Property Manager Looking for a career change? You wouldn’t be alone. Throughout the country, moms and dads alike are finding that property management is an ever-appealing
What Are The Main Types of Easements? The legal right to use another person’s property (also known as a right of way) for a certain purpose refers to an easement. Some people
Do you plan on being a licensed real estate agent in Louisiana? You’re in luck because we’re here to guide you! Getting your real estate license seems like a challenge,
Getting your Florida real estate license is not easy – the Florida real estate exam is difficult! Our data shows the pass rate is around 50-60% at the first attempt.
Should I become a real estate agent?! It’s a question all of us real estate professionals have had at one point in our life. It normally happens when we are
Want to be an Agent? First, you will need your Alabama Real Estate License Before you even think about going down this road, make sure you can legally do so.
Often times, people are overwhelmed with real estate terms such as “contracts”. But in reality, you are already very familiar with contracts and how they are used in every day
What Is An Estate For Years An estate for years is just a type of leasehold estate. Do not confuse this with any sort of physical ownership! An Estate For Years
What is an Easement in Gross? An easement in gross is the right to use another person’s land (legally) for as long as the holder of that easement is alive.
Have you ever had a tough time deciding which property to invest your money on? Well, using the gross rent multiplier (GRM) might exactly be what you need. When you
60 Real Estate Terms To Help You Become A Better Communicator I’ll get straight to the point. Understanding the basics and real estate definitions is important to have in your
What are Prescriptive Easements? Some of us may have used a property we do not own. But what if there comes a time when we no longer have access to
What is an Agency Relationship in real estate? Before we begin to answer this in detail, let’s first describe what an agent is. An agent is a term commonly
How To Get Your Real Estate License In Colorado (6 Easy Steps) Ready to start selling homes in Colorado? Even with a wide butter spread of talent and skill on
If you want to sell real estate in California, you need a California Real Estate License. Becoming a CA Realtor is relatively simple, as long as you’re at least 18 years
Easement By Necessity An easement is a legal means of trespassing on another’s land. These access permissions are passed on from one landowner to another. There are various types of
Real estate agents help create the bridge to helping you find your next home or sell your current one. More than just helping you buy and sell homes, there are
Do you want a prospering career as a real estate agent today? Helping people own their dream home or property can be very rewarding. You can choose your own schedule,
Real Estate Agent Job Description: Skills and Responsibilities Starting a career in real estate can be enticing, especially if you’re the type to pursue one that offers flexible working hours.
How To Get Your Illinois Real Estate License (6 Steps) Are you looking for a career change in Illinois? Maybe you’ve decided selling homes is your true calling in life
What is an Attorney in Fact In real estate and other endeavors, individuals or entities often need people to act on their behalf. Agents bring the time, experiences, resources and
Land Contracts A land real estate contract is akin to a private financing contract where real estate – either real property and/or structures on that property – is changing
A lot of factors can cause a drop in an asset or property’s value. One might encounter economic obsolescence in financial report adjustments or use it in bankruptcy filing.
6 Steps To Get Your Michigan Real Estate License On the road to becoming a real estate licensed agent, there are only 6 steps you need to follow. Don’t worry,
Acquiring an Arizona real estate license may seem like a daunting task when taken at face value. While there is a proper procedure to follow, many people have aced the
Getting a real estate license in Virginia is a straightforward process. However, there are different requirements depending on whether you are planning to work as a real estate salesperson or
What does contingent mean in real estate? Homeownership offers personal and financial perks. Yet, the plunge into a real estate transaction requires considerable care. Once accepted by a seller, your
