In a contract, a default refers to a situation where one party (the defaulting party) fails to fulfill their obligations as outlined in...

Considering a career in real estate? Register now to qualify for early bird pricing for Terrie O'Connor Realtors Real Estate School's...

A deed is a legal document that transfers ownership of a property from the seller (grantor) to the buyer (grantee). Would you like to...

All teachers, nurses and veterans can buy now and save $100 on upcoming real estate pre-licensing courses. View our entire list of...

Curb appeal refers to the visual attractiveness of a property from the street. It's essentially a property's first...

CC&Rs, which stands for Covenants, Conditions, and Restrictions,  are a legally binding document that applies to many planned...

Carrying costs, also sometimes called holding costs or carrying charges, are the ongoing expenses associated with owning a...

In real estate, cash flow refers to the money you earn from a property minus the money you spend on it. Basically, cash flow is the money...

In a real estate contract, a contingency is a clause that outlines a specific condition that needs to be met before the contract is...

Comparable sales or comps are properties that are similar to the one you're interested in, in terms of location, size, and features....

A contract for sale is a legally binding agreement outlining the terms of a real estate transaction, including the purchase price,...

Chain of title is the historical record of ownership for a property, tracing it back to the original owner. Would you like to learn more...

Capitalization rate or cap rate is a metric used to estimate the return on investment for a rental property. It's calculated by dividing...

A cooperative (co-op) is a type of ownership where you purchase shares in a corporation that owns the entire building. You then have the...

Elizabeth Bucceri is a graduate from our real estate school. If you are interested in becoming a real estate agent then register today...

A condominium (condo) is a type of ownership where you own a single unit within a larger building, along with a shared interest in the...

A certificate of occupancy is a document issued by the local government that verifies a property is safe and meets building codes, and...

A closing disclosure is a document provided to buyers before closing that details the final settlement charges associated with the...

A closing refers to the final meeting where the ownership of a property is transferred from seller to buyer. At closing, all the...

A breach of contract happens when a party fails to fulfill their obligations as outlined in a real estate contract. Would you like to...