Agency relationships can be complicated, so it is vital to understand how they work. Like many businesses, real estate success depends on a good network of individuals […]
Agency Relationships
Currently browsing: Definitions
Studying for your real estate license exam? Check out our resources on all the definitions you need to know while studying for your real estate exam.
Seller’s Agent vs Buyer’s Agent
The difference between a buyers and sellers agent is simple, one represents the buyer while the other represents the seller. But its important to understand the difference […]
Fraud
Fraud can be described as many things. Typically fraud is intended deception to result in financial or personal gain. In real estate, fraud can occur at many […]
Bilateral Contracts vs Unilateral Contracts
Contracts are used personally and professionally. The two types of contracts are unilateral and bilateral. The difference between the two is in the number of parties involved. […]
Escrow
Often you will hear real estate agents say a home is “in escrow.” What does that mean? Is escrow a place? Is escrow even needed? Today we […]
Appurtenant
Appurtenance? Appurtenant? What does it all mean? For starters, appurtenant is a legal term to describe an object attached to something. Appurtenance is the item itself once […]