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...

A blanket mortgage is a single loan that covers multiple properties. This is often used by investors who own several properties. Would...

The bundle of rights are the various legal rights associated with property ownership, such as the right to possess, use, exclude...

Just Announced! New hybrid real estate pre-licensing course announced for July 8-26, 2024. You can choose to either take this course...

Common area maintenance (CAM charges) are the fees paid by condo owners or building tenants to cover the maintenance and upkeep of the...

The building code is a set of regulations that govern the construction, renovation, and maintenance of buildings to ensure safety and...

A bargain and sale deed is a type of deed that transfers ownership of a property but doesn't offer any warranties or guarantees about the...

A balloon mortgage is a mortgage with a fixed monthly payment for a set term, followed by a final, much larger payment (balloon payment)...

Summer Special You can now buy and save $50 off of our upcoming real estate pre-licensing course starting on June 19! Click here to...

An assessment is the estimated value of a property used to calculate property taxes. Would you like to learn more about Real Estate? Have...

Appreciation is an increase in the value of a property over time. Would you like to learn more about Real Estate? Have you ever wanted to...