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What Is Real Estate

Details: 5 Types of Real Estate. Here is an overview of five of the most common types of real estate. 1. Residential: Residential real estate refers to a piece of real property that is used exclusively …

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Residential Real Estate Guide: What Is Residential Real …

Details: Residential real estate is broadly defined as real property (land and any buildings on it) used for residential purposes—the most common example being single-family homes. Commercial real …

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How to Become a Real Estate Developer

Details: Here are some tips on becoming a real estate developer. 1. Use your knowledge to find your space in the market. When you’re starting out in this field you want to establish your expertise …

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How to Become a Real Estate Consultant

Details: 3. Get an associate broker’s license. Obtaining an associate broker’s license will allow you to work as a real estate consultant and a sales agent so that you can offer both services to clients. If …

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40 Common Real Estate Abbreviations and Acronyms

Details: 40 Common Real Estate Abbreviations and Acronyms. Written by MasterClass. Last updated: Jun 15, 2021 • 7 min read. The real estate industry uses several unique acronyms and …

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Explore the Real Estate Cycle: 4 Phases of the Real Estate …

Details: Explore the Real Estate Cycle: 4 Phases of the Real Estate Cycle. Written by MasterClass. Last updated: Jun 7, 2021 • 2 min read. Commercial and residential real estate follows a cyclical …

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A Guide to Assignment of Contract in Real Estate

Details: An assignment of contract involves transferring a real estate contract from an original party (also known as the real estate wholesaler or assignor) to a new party (also known as the assignee). …

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Capital Gains Tax on Real Estate: How the Federal Tax Works

Details: The US tax code requires people who have sold a high-value asset that generated income in the past year to pay capital gains tax on the profit earned from its sale. Many people end up being …

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Understanding Novation in Real Estate: 3 Examples of …

Details: There are a few examples of when novation may be required in a real estate transaction. 1. Renegotiating a home price. Novation occurs in some residential real estate transactions …

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6 Types of Deeds in Real Estate Explained

Details: 6 Types of Deeds in Real Estate Explained. Written by MasterClass. Last updated: Sep 7, 2021 • 4 min read. Property deeds transfer ownership of real property from one person to another.

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Real Estate Comps Explained: How to Use Real Estate Comps

Details: Real estate comps are used when conducting a comparative market analysis for properties in a region. Realtors, appraisers, home sellers, homebuyers, and lenders use real estate comps in …

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Understanding Commercial Real Estate: 8 Types of CRE

Details: Commercial real estate is classified using eight distinct categories. 1. Office space: Office spaces include all office buildings with workspaces that are available for rent for different businesses …

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A Guide to Ownership Interest in Real Estate

Details: 5. Tenancy by entirety: This form of ownership is reserved for married couples who own an entire property as a single entity. Ownership rights in this scenario cannot be transferred to another …

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Real Estate Contracts: 8 Items on a Real Estate Contract

Details: The real estate contract typically includes the following items: 1. Property details: A real estate sales contract must include the property’s address that the buyer and seller intend to …

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LOI in Real Estate: How to Write a Commercial Real Estate LOI

Details: Written by MasterClass. Last updated: Jan 7, 2022 • 5 min read. A letter of intent (or LOI) is an important document that can prove helpful in many types of transactions, including commercial …

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Freehold Estate Guide: 3 Types of Freehold Estates

Details: Three of the most common types of freehold estates are fee simple absolute, fee simple determinable, and life estate. Learn more about each of these types of real property …

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Real Property Guide: 3 Characteristics of Real Property

Details: There are a few characteristics that help distinguish real property from other types of property. 1. It cannot be moved. Real property refers to the raw land of a property—including surface land, …

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How Special Assessments Work in Real Estate

Details: A special assessment is a local surtax charge that state and local governments or homeowners’ associations levy against property owners whose real estate may benefit from the creation of …

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How the BRRRR Method Works in Real Estate Investing

Details: The BRRRR method is a five-step real estate investment strategy. BRRRR is an acronym that stands for buy, rehab, rent, refinance, and repeat. The method involves using cash or short …

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