PMI stands for private mortgage insurance. This is an insurance policy paid by the borrower that protects the lender in case the borrower...

PITI stands for principal, interest, taxes, and insurance. These are the four main components that make up a monthly mortgage payment...

A parcel specific piece of land which can be of any size but must have specific boundaries so it can be accurately defined. Would you...

An office building is a structure specifically designed and built for commercial use as professional workspaces. They can come in all...

The occupancy rate for a property is a ratio used to measure the percentage of available space that is currently occupied by tenants or...

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Owner financing is when the seller finances the purchase of the property for the buyer, instead of a traditional mortgage lender. This...

An open listing is a non-exclusive agreement between a seller and a real estate broker. The seller can work with multiple agents and is...

An option is a type of contract that gives the buyer (optionee) the right, but not the obligation, to purchase a property at a specific...

Our upcoming real estate pre-licensing courses are filling up fast! Make sure to secure your seat at tocrres.com/register ! #RealEstate...

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...