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.
Variable interest rate refers to an interest rate that varies according to market changes. To understand the overall cost of the loan, it is essential to learn how changing rates can affect the payments. Interest rate plays a vital role …
The Fair Housing Act of 1968 prohibits discrimination against protected classes in the housing market. If you’re hoping to ace your exam and become a real estate pro, you’ll need industry experts to teach you about vital concepts like the …
In real estate, creative financing is non-traditional or uncommon means of buying land or property. For real estate students, it is important to understand how creative financing works. I’ve been teaching and preparing real estate students for many years. As …
Owner financing is a type of creative financing in which the property owner acts as the lender and provides funds to the home buyer. These mortgages are financed by the owners, and they work similarly to other mortgages, except that …
The Truth in Lending Act of 1968, also known as Regulation Z, defends consumers against unlawful credit practices in real estate. Lenders who violate the Truth in Lending Act may lose money, spend time in jail, and tarnish their reputations …
Price fixing is when competitors adjust the price of their products or services to make a new price the marketplace norm. Real estate professionals who take part in price fixing agreements are forced to pay millions of dollars or even …