A buyer’s agent represents the buyer’s interests – finding a home within budget that matches their preferences. The listing agent...

Lenders use this index to adjust their interest rates on adjustable-rate mortgages. COFI uses changing economic conditions to provide a...

A contingency is a condition that must be met before the sale is legally binding. For example, a buyer can make their offer contingent on...

When a buyer and seller agree on a purchase agreement, the home moves to “under contract” status. This means both parties are legally...

A Seller’s Disclosure is a legal document sellers must fill out stating any home defects that may affect its value. Requirements on what...

Assessed value is a professional estimate of a home’s market price for property tax purposes. Similar properties, the home’s location and...

The real estate market will vary in who it favors: buyers or sellers. In a buyer’s market, conditions favor those looking to purchase...

Amortization is the schedule of your mortgage payments spread out over time. In real estate, a buyer's amortization schedule is usually...

Blanket mortgages cover more than one plot of land financed by the same borrower. This can help save time and money. For example, a...

If a buyer wants a home already under contract, they may request to be “next in line” by submitting a backup offer. Backup offers must...

A clear title shows the undisputed, legal property owner. This means there are no liens or levies from creditors or other parties that...

Homeowners insurance protects your home from damages covered in your policy. Not sure what your policy covers? You can find out by...

A Seller’s Disclosure is a legal document sellers must fill out stating any home defects that may affect its value. Requirements on what...

A buydown happens when the borrower purchases a lower interest rate by paying a premium called a “point.” If you expect to increase your...

An appraisal is required to gather the estimated value of a piece of real estate. During the home sale, the mortgage lender sends out an...

The fees associated with finalizing a real estate transaction. Both the buyer and seller will have expenses during the closing process....

When a seller accepts an offer from a buyer, that offer is contingent upon the buyer’s ability to meet certain conditions before...

Before buying a home, one of the things that might be required in order to obtain financing is a letter of intent. This is a document...

A chain of title is a document containing all previous property owners, listed in chronological order from the first owner to the present...

Its that time again! Let's put your real estate knowledge to the test! Which of the following hazards requires a federal disclosure form...