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.
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. In a unilateral contract, only one party makes a promise, while in a …
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 are going to find out all the answers! Escrow is a term used …
Free Real Estate Definition Flashcards Alphabetical Real Estate Terms & Definitions List By far the most substantial chunk of the real estate license exam is the vocabulary. The key concepts and words you have to study are essential for obtaining …
Appurtenance? Appurtenant? What does it all mean? For starters, appurtenant is a legal term to describe an object attached to something. Appurtenance is an item itself once it becomes part of the property. These two terms come into play in …
Having land connected to water can be a huge plus for some property owners. It also can be sought after by businesses. Water rights can be somewhat complicated when it comes to the legality, but don’t worry; that’s what we’re …
Real estate property holds with it specific rights. These legal rights can be split up and given to different parties and are called the bundle of rights. What is the Bundle of Rights? Definition: When a person purchases property, he …
