An offer is a formal proposal made by a buyer to purchase a property at a specific price and terms. The offer can be accept, rejected...

An open house is a scheduled event where a property for sale is open for the public to view, typically without an appointment. This is a...

Our upcoming real estate pre-licensing course starting on May 6th is now a hybrid course. This means that all of our students for this...

Chassidy has achieved success in the real estate industry after receiving her pre-licensing education in our program. Our upcoming real...

Real estate agents are able to guide people through one of the biggest decisions of their lives. View upcoming real estate pre-licensing...

The National Association of Realtors (NAR) is the largest trade association for real estate professionals in the United States. NAR...

In real estate, notes are often used to finance the purchase of a property. This creates the personal obligation to repay the debt and...

A non-conforming loan is a type of mortgage that does not meet the standards set by Fannie Mae or Freddie Mac, the two...

Terrie O'Connor Realtors Real Estate School's upcoming real estate pre-licensing course starting on May 6th is now a hybrid course. This...

Negative amortization happens with a type of mortgage in which the loan balance increases over time because the monthly payments are not...

Net operating income (NOI) is a measure of a property's profitability. It is calculated by subtracting operating expenses from gross...

A net lease is a type of lease agreement in which the tenant is responsible for paying some or all of the property taxes, insurance, and...

Our upcoming real estate pre-licensing course starting on May 6th is now a hybrid course. This means that all of our students for this...

A multiple listing service (MLS) is database shared by real estate professionals that lists properties currently or previously in the...

A maintenance fee is a fee paid by homeowners in some communities, such as condominiums or planned developments, to cover the cost of...

Market value is the estimated price a willing buyer would pay to a willing seller in an open market transaction, two strangers each...

A lot is a defined piece of land within a larger development or subdivision. Lots are typically identified by a number on a plat map....

A loan to value ratio (LTV) is used by lenders to determine how much money they are willing to lend on a mortgage compared to the...

A listing is an agreement between a property owner (seller or a landlord) and a real estate broker authorizing the brokerage to market...

A lien is a legal claim against a property that must be satisfied before the property can be sold or transferred. There are many...