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dual agency

What Is Dual Agency?

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

writ of possession

Writ of Possession: A Quick Guide

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,

Property Management Fees

How Much Do Property Management Fees Cost?

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

tenancy at sufferance

What is a Tenancy at Sufferance?

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

rent concession

What Is a Rent Concession?

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

market saturation

Market Saturation: Business Tips and Tricks

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

bargain and sale deed

Bargain and Sale Deed

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

subject-to real estate

Subject-To Real Estate

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.

highest and best use

Highest and Best Use

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

effective age

Get to Know More About Effective Age

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

release clause

What Is a Release Clause?

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

blind offer

Blind Offer: Should I Go for One or Not?

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

Functional Obsolescence

What is Functional Obsolescence?

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

Leasehold Estate

Leasehold Estate

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

What Is Agency by Ratification?

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

Squatters Rights: A Guide for Landlords

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

Real Estate Laws: Implied Agency

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

What is Real Estate Net Listing?

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

Defeasance Clause

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

The Alienation Clause, Defined

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

Servient Estates

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

Habendum Clause

Perhaps you’ve attended a real estate meeting or a property closing  and came across the term, habendum clause. We have no doubts that you’re aware it’s an important part of

Principle of Substitution

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

puffing in real estate

Puffing In Real Estate

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

Market Data Approach

Market Data Approach

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

What Is a Lien Theory State?

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

What Is an Equitable Title?

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

Contribution Real Estate

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

littorian rights

Littoral Rights

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

Oklahoma Real Estate License

Oklahoma Real Estate License Information

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.

subordination clause

Subordination Clause

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

ingress and egress

Ingress and Egress

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

felon real estate

Can A Felon Get A Real Estate License?

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

Emblements

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

Bilateral Contracts

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

Appurtenances

Appurtenances Real Estate

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

real estate exam

How To Become A Real Estate Agent

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?

How Much Is My House Worth?

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

What Is a Freehold Estate?

Ahhhh! 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

bundle of rights

Bundle Of Rights

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

Advice On How To Become A Property Manager

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

types of easements in real estate

Types Of Easements In Real Estate

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

louisiana real estate license

Louisiana real estate license

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,

Should I Become A Real Estate Agent

Should I Become A Real Estate Agent?

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

Unilateral vs Bilateral Contracts

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

Fee Simple Defeasible

Fee Simple Defeasible

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

Estate For Years

Estate For Years

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

Easement In Gross

Easement In Gross

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.  

Real Estate Terms

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

Rectangular Survey System

Rectangular Survey System

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

Prescriptive Easements

What are Prescriptive Easements?

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

Agency Relationship

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

colorado real estate license

Get Your Real Estate License In Colorado

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

Texas real estate license

How to Get Your Texas Real Estate License

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.

Easement By Necessity

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

what does real estate agents do

What Does a Real Estate Agent Do?

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

hawaii real estate license

Hawaii Real Estate License

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,

Tennessee real estate license

How to Get a Tennessee Real Estate License

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

Real Estate Agent Job Description

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.

illinois real estate license

Illinois Real Estate License

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

attorney-in-fact

What Is An Attorney-In-Fact?

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

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

Michigan real estate license

Michigan Real Estate License

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,

Virginia real estate license

How To Get A Real Estate License In Virginia

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

wyoming real estate license

How To Get A Real Estate License In Wyoming

Obtaining your real estate license in any state requires several steps. These steps need to be followed in the precise order that is required otherwise, your quest to become a

Real Estate Contingencies

Real Estate Contingencies

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