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.
For the real estate exam, distinguish an enforceable agreement, an agreement with no legal effect, a protected party’s right to avoid an agreement, and an obstacle to enforcement. The facts and the applicable state law determine which label fits. Contract …
Contracts are required in every real estate transaction, whether commercial or residential. Certain elements must make up each piece of a valid contract, and if they are not present, it could be voided by a court of law. There are …
There are two different ways to define commingling within real estate: One, through the eyes of the agent or broker, and two, from the perspective of a real estate investor or a regular person. In this article, we will break …
Let’s discuss real estate novation. Like many things within the world of real estate, novation can be complex. Not only can it become difficult to understand, it’s also very important to grasp for your real estate career. Luckily in this …
Debit and credits in real estate come up during closing in a real estate transaction. A debit is money you owe, while credit is money owed to you. Debits and credits are described in a closing statement in their sections …
Real estate economics is the application of economic techniques in real estate markets. The primary purpose of real estate economics is to explain and predict prices utilizing supply and demand. Mastering real estate economics can help real estate agents, investors, …