What is an Option Contract?
An option contract is an agreement that gives one party the right to buy or sell property at a specific price within a certain timeframe....
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professor566
Oct 151 min read
What is an Owner's Title Policy?
An owner's title policy is an insurance policy that protects the homeowner from claims of ownership to the property. Would you like to...
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professor566
Oct 131 min read
What is an Open House?
An open house is a scheduled time when a property is available for potential buyers to view. Would you like to learn more about Real...
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professor566
Oct 121 min read
What is an Off-Market Property?
An off-market property is one that is not listed for sale on the public market. Would you like to learn more about Real Estate? Have you...
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professor566
Oct 111 min read
What is an Offer?
An offer is a proposal to buy or sell property at a specific price and terms. Would you like to learn more about Real Estate? Have you...
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TOCR Real Estate School
Oct 111 min read
Save 40% Off On CE Shop Real Estate Pre-Licensing
Save 40% on all real estate, mortgage, and professional development courses with The CE Shop on Wednesday, October 16th when you visit...
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professor566
Oct 91 min read
What is Negative Amortization?
Negative amortization happens when the monthly mortgage payment is less than the interest due, causing the principal balance to increase....
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professor566
Oct 81 min read
What is Net Operating Income?
Net operation income (NOI) is the property's income after deducting operating expenses. Would you like to learn more about Real Estate?...
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professor566
Oct 61 min read
What is Notice to Quit?
A notice to quit is a legal document that informs a tenant of their obligation to vacate a rental property by a specific date. Would you...
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professor566
Oct 51 min read
What is a Note?
A note is a legal document that outlines the terms of a loan, including the principal amount, interest rate, repayment schedule, and...
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professor566
Oct 41 min read
What is Non-Conforming Use?
A non-conforming use is when property that was legally zoned for a particular use at the time it was built, but no longer complies with...
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professor566
Oct 31 min read
What is a Net Lease?
A net lease is a lease agreement where the tenant is responsible for paying property taxes, insurance, and maintenance costs in addition...
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professor566
Oct 21 min read
What is a Market Analysis?
A market analysis in real estate is a comprehensive evaluation of a specific property market, such as a neighborhood, city, or...
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professor566
Oct 11 min read
What is a Mortgage Payment?
A mortgage payment is a periodic payment made by a borrower to a lender to repay the principal and interest on a loan used to purchase...
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professor566
Sep 291 min read
What is a Multiple Listing Service?
A Multiple Listing Service (MLS) is a database that real estate agents use to share information about properties they have listed for...
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professor566
Sep 281 min read
What is a Mill?
In real estate, a mill is a unit of measurement used to express property tax rates. One mill equals $1 of tax for every $1,000 of...
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TOCR Real Estate School
Sep 281 min read
75 Hour Weekday Real Estate Salesperson Pre-Licensing Class
Our next real estate pre-licensing course is starting on October 7, 2024! Don't miss your chance to become a licensed real estate agent.
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TOCR Real Estate School
Sep 271 min read
The CE Shop - Harness a Thriving Career in the Real Estate Industry
In partnership with The CE Shop , we’re proud to offer 40% off your next Pre-Licensing, Exam Prep, Post-Licensing, and Continuing...
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professor566
Sep 271 min read
What is a Multiple Offer?
Multiple offers in real estate occur when a property receives more than one purchase offer at the same time. This often happens in...
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professor566
Sep 261 min read
What is Market Value?
Market value in real estate refers to the estimated price at which a property would sell in an open market under normal conditions. It's...
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