Real Estate Exam Ninja

Real Estate Vocabulary

What Is A Highest And Best Offer?

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

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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

attorney-in-fact
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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

ingress and egress
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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

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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

subordination clause
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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

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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

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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

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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

bundle of rights
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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

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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

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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

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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

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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