Real Estate Exam Ninja

Real Estate Vocabulary

Chris McGuire

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

Chris McGuire

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

Chris McGuire

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

Chris McGuire

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

Julie

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

Chris McGuire

Bundle Of Rights

When you own real estate property a set of rights comes along with it.   This set of rights is commonly referred to as a bundle of rights in real

Julie

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

Chris McGuire

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

Chris McGuire

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

Julie

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