Did You Know...
Under the New Home Warranty and Builders Registration Act, all new home builders must register a warranty against new home defects with...
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TOCR Real Estate School
- Apr 11, 2022
- 1 min
What is Attorney Review
In New Jersey, this is a clause that must appear in all purchase and sale agreements and all leases prepared by real estate licensees,...
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TOCR Real Estate School
- Apr 8, 2022
- 1 min
Pop Quiz Question of The Week
The topic of today's question of the week is from appraisals. An appraiser deducts depreciation from the reproduction or replacement cost...
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TOCR Real Estate School
- Apr 6, 2022
- 1 min
Is Real Estate School Hard?
While real estate education is not considered particularly difficult, it does demand focus and dedication. When it comes to finishing...
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TOCR Real Estate School
- Apr 4, 2022
- 1 min
What's The Highest Form of Ownership You Can Have in Real Estate
Fee Simple is a legal term in real estate that refers to a type of freehold ownership in which the owner has the most power over title...
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TOCR Real Estate School
- Apr 1, 2022
- 1 min
Pop Quiz Question of The Week
Todays question comes from the topic ownership in real estate- The buyer of an apartment received shares in a corporation and a...
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TOCR Real Estate School
- Mar 30, 2022
- 1 min
What is the MLS?
The Multiple Listing Service, or MLS for short, is an exclusive database of available real estate that only licensed agents have access...
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TOCR Real Estate School
- Mar 29, 2022
- 1 min
Why A Pre-Approval Letter Is So Important
A pre-approval letter is essential for a number of reasons. A mortgage pre-approval means that a lender has reviewed your finances and...
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TOCR Real Estate School
- Mar 28, 2022
- 1 min
Do You Need to Put Down 20% to Purchase a Home?
While a down payment of 20% or more has advantages, the average buyer puts significantly less down. For qualified homebuyers, there are...
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TOCR Real Estate School
- Mar 25, 2022
- 1 min
Pop Quiz Question of The Week
The topic of today's question of the week is deeds in real estate. In New Jersey, deeds generally must be recorded to protect all...
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TOCR Real Estate School
- Mar 23, 2022
- 1 min
How Do Agents Get Clients After They Are Licensed?
Finding clients is one of the most difficult components of a real estate agent's job when they first start out. Prospecting is one of the...
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TOCR Real Estate School
- Mar 22, 2022
- 1 min
Federal Fair Housing Act of 1968
The Federal Fair Housing Act of 1968, found in Title VIII of the Civil Rights Act of 1968, declares that it is illegal to discriminate on...
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TOCR Real Estate School
- Mar 21, 2022
- 1 min
What is a Fiduciary Relationship?
A fiduciary relationship is the one that exists between a real estate agent and a client. Fiduciary means a faithful servant, and an...
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TOCR Real Estate School
- Mar 17, 2022
- 1 min
Did You Know?
Did you know that as a buyer, the lender is required to provide you with a copy of the closing disclosure three business days prior...
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TOCR Real Estate School
- Mar 16, 2022
- 1 min
Can a Licensed Agent Sell Their Own Home?
Yes, a licensed real estate agent is permitted to sell their own home. Agents who self-list are required by the National Association of...
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TOCR Real Estate School
- Mar 15, 2022
- 1 min
Do Real Estate Agents Work On The Weekends?
Many real estate agents choose to work on weekends because it is the most convenient time for customers to view homes. Because realtors...
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TOCR Real Estate School
- Mar 14, 2022
- 1 min
What Are Fiduciary Responsibilities?
An agent has a fiduciary relationship with his or her principal; that is, a special relationship of trust and confidence that puts the...
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TOCR Real Estate School
- Mar 11, 2022
- 1 min
Friday Pop Quiz Question
The topic of today's pop quiz question is about Leases in real estate In New Jersey, rent security deposits: Must be placed in an...
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TOCR Real Estate School
- Mar 10, 2022
- 1 min
Did You Know?
Did you know that the maximum amount that a residential landlord is allowed to charge as a security deposit can be no more than...
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TOCR Real Estate School
- Mar 9, 2022
- 1 min
What's A Lead Based Paint Disclosure?
The use of lead-based paint was banned in 1978. No federal law requires that homeowners test for the presence of lead-based paint....
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