The Gross Rent Multiplier is a financial metric used to evaluate the value of an investment property. It is commonly used in real estate investing and can be helpful for buyers and sellers. In this post, we will explore what Gross Rent Multiplier is, how it is calculated, and how it can be used in […]
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Corey has over 15 years of experience as a real estate broker and educator. He is dedicated to providing valuable insights and guidance for those looking to enter the real estate industry.
Can a Real Estate Agent Sell Their Own Home?
Real estate agents specialize in buying, selling, and renting properties. They are crucial in connecting buyers with sellers and helping individuals find their dream homes. Utilizing their expertise and deep understanding of the real estate market, they provide invaluable guidance to clients, empowering them to make well-informed decisions regarding their investments. While it may seem […]
What is Color of Title?
The color of title in real estate is a legal term that refers to the ownership or right to possession of a property. This concept is crucial in determining who has the legal authority to sell, transfer, or make any decisions regarding a piece of land or building. In most cases, having a clear and […]
What is Agency by Ratification? Concept & Example
Regarding the real estate industry, there are various terms and concepts that one needs to be familiar with to understand how things work. One such concept is the “ratification agency,” an essential aspect of real estate transactions. This document will dive into the definition of agency by real estate ratification, its significance in the real […]
What is an IImplied Agency in Real Estate: Definition & Example
When it comes to real estate, there is more than just buying and selling properties. A concept known as “implied agency” plays a crucial role in the industry. Implied agency actual state refers to an unspoken agreement between a client and their agent, indicating that both parties have agreed to work together to achieve a common goal. […]
What are littoral rights in real estate: Riparian rights vs littoral rights?
Real estate is a vast and complex industry with many different aspects that can be explored. One of these aspects is the concept of littoral rights, which refers to the ownership and use of land along bodies of water such as lakes, rivers, or oceans. Littoral rights play an essential role in real estate transactions […]
What Is An Estate At Will? Definition, Pros & Cons
An Estate at Will is a legal term that refers to an arrangement between two parties – the landlord and tenant. It is a type of tenancy agreement where the tenant has the right to occupy and use the property indefinitely without a written lease or contract. This type of estate is also known as […]
What Is a Special Agent in Real Estate?
In real estate, special agents play a pivotal role in ensuring smooth transactions between buyers and sellers. They are highly trained professionals with extensive real estate market knowledge, laws and regulations, and negotiation tactics. Special agents are licensed by their respective state or country to represent the buyer or seller in a real estate transaction. They act […]
What Is Accession In Real Estate? Types & Examples
If you’ve ever wondered what accession real estate means, it’s time to get some answers. From understanding the legal terminology and how it applies to owning property to knowing how legislation impacts your purchase decisions and long-term ownership expectations – accession real estate is an important concept. Depending on your particular goals in purchasing or […]
What are the 3 Types of Easements in Real Estate?
An easement is a legal concept that refers to the right of one party to use another party’s property for a specific purpose. This type of arrangement often arises in real estate, where access to certain areas or resources may be required. This document will explore the basics of easements in real estate and their […]