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bridge loan

Bridge Loan Definition

A bridge loan is a short-term loan that provides financing between buying a home and selling your previous one. It’s not unusual for real estate students to come across different types of loans in their real estate exams. One such …

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lease termination

Lease Termination Definition

A lease termination occurs when a landlord or tenant ends a lease early. There are several reasons either party might terminate a rental agreement early, such as lease violations and other factors. Real estate professionals must be familiar with how …

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rent control

Rent Control Definition

Rent control is a government program that regulates how much landlords can charge tenants for rent. The purpose of rent control laws is to promote fair and affordable housing for renters. This controversial but critical topic is a must-know for all …

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lease expiration

Lease Expiration Definition

A lease expiration is when a lease agreement reaches its end date. When a lease expires, the tenant can either move to a new property or continue living in the property under new terms. Before taking the exam, real estate students …

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jumbo loan

Jumbo Loan Definition

A jumbo loan is a mortgage used to purchase expensive properties that exceed the loan limits of conventional loans. As the name suggests, these loans are large, but the size isn’t the only factor that makes these loans different from …

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lease violation

Lease Violation Definition

A lease violation occurs when a tenant or landlord breaks the terms of a lease agreement. Real estate professionals must understand how lease violations work in the rental industry. To fully grasp this concept, we recommend learning from trusted experts …

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