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Statement of financial condition for a real estate business at the end of a reporting period listing all of its assets, liabilities, and stockholders equity. Assets are what the company owns while liabilities are what is owed. Assets less liabilities equals net worth. The accounting equation for a c ...
A provision not explicitly stated in an agreement, but considered as an important item. For example, the buyer of a home anticipates it to meet seller's claims as to condition and use. ...
Person receiving la legacy from a will. Normally a legatee will receive personal property possibly including real property. ...
Monies set aside in the event unexpected repairs are needed to a building or apartment. It may be in the form of an escrow account in which the seller of the property puts funds away if problems with the property emerge within three months after the buyer moves in. ...
Elements common to all life insurance policies. While state insurance laws do not prescribe the exact words that must be in a life insurance policy, certain standard provisions must be included to provide specified basic benefits for an insured, who cannot be charged extra for them. Additional benef ...
This Is What Homebuyers Are Looking For In 2021
The pandemic’s impact on the economy has affected plenty of real estate markets through the US. At the time, many home sellers might’ve reconsidered selling their homes for safety reasons, while home buyers decided to suspend home shopping for a while. But, with a new year comes new hope that the real estate market will rebound, and we will experience a ...
Most Profitable Real Estate Niches For Agents
Given the opportunity, most real estate agents, and certainly all the hungriest ones, will work with you to buy or sell any property. A real estate agent who is best known for selling single-family homes is not likely to turn down a commercial listing, especially when they are just starting their real estate career. Real estate can feel like a big ocean ...
Best Real Estate Companies For New Agents
If you are just getting started on your journey as a real estate agent, you probably have plenty of motivation and excitement for this new beginning. Going through those licensing courses and studying for your licensing exam finally paid off and you feel accomplished. There is a long journey ahead of you and the first years as a real estate agent are certainly not the ...
Most Promising Real Estate Markets In The U.S.
While 2020 has been a challenging year for many of us and the global economy in general, it was a pretty intriguing period for the real estate industry in the United States. The pandemic and all the myriad changes which were brought along with it, such as working remotely, continue to reshape the landscape of real estate investing. While many people are selling their ...
How To Become A Better Real Estate Professional
If you’re in the real estate game, you know that staying at 100% is crucial if you want to achieve success. If you slack off for as much as a minute, you might lose your edge and fall behind the rest of the pack. It’s not enough to stay stationary; you’ve got to constantly be moving forward with every aspect of your career. For newer real estate ...