Daily Real Estate Vocab #31 - Title

Daily Real Estate Vocab is here! Today we are covering real estate title. Title is the legal concept of saying you own a right to some form of asset or interest. If someone has title that means that they have the right to own something like a house or property. Title, might sound like a document or piece of paper, but it actually is not. It’s just a legal concept, not a piece of paper. Now the term title comes up all the time when talking about deeds, but those two terms are two separate things. Again, having title is not a physical thing. It's NOT like a deed where there is an actual paper in the courthouse that says you own the property. No. Title is merely a legal concept of ownership. Now, it's also worth mentioning car titles and real estate titles are not the same concept. I think this is why the concept is so confusing for people and people get deeds and title mixed up in real estate. Because yes when it comes to car titles they are a physical piece of paper but that is not the case for real estate. For more vocab terms check out our ultimate guide here: https://realestatelicensewizard.com/real-estate-terms/ #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com