Real Estate Hub

Operating expenses (OpEx) in real estate refer to the ongoing costs of managing and maintaining properties, such as utilities, maintenance…

Ratification in real estate is the formal process that transforms unauthorized actions into legally binding contracts. This process…

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as the Superfund Act, is essential in real…

To obtain a real estate license in Idaho, applicants must be at least 18 years old, possess a high school diploma, and pass a background…

The Seller Property Disclosure Statement (SPDS) is a legally required document in Arizona that compels sellers to provide detailed…

Arbitration in real estate is a structured process designed for resolving disputes outside of traditional court settings. This method…

Partition in real estate is a legal process that divides property interests among co-owners. It allows for either voluntary agreements or…

Judgment in real estate involves legal actions stemming from court decisions related to unpaid debts secured by property. The process…

Severalty in real estate refers to sole ownership by an individual or entity, allowing complete control over property decisions and…

Writing a review in real estate requires clarity and balance. Start with an engaging opening and a concise overview of your experience…

In real estate, ‘as-is’ refers to properties sold in their current condition, without any repairs from the seller. This arrangement offers…

Conversion in real estate is a legal process that changes a property’s designated use without physical alterations. This can include…

Specific performance in real estate is a judicial remedy that mandates the execution of contractual obligations for unique properties…

The 10-day contingency in real estate is a contractual clause allowing buyers to inspect a property shortly after an offer is accepted…

Desktop Underwriter (DU) is an automated mortgage underwriting system developed by Fannie Mae. It assesses borrower information such as…

A Certified Property Manager (CPM) is a prestigious designation awarded by the Institute of Real Estate Management (IREM), reflecting…

In real estate, a parcel is a distinct piece of land with its own unique boundaries and characteristics, recorded as an individual entity…

A blind ad in real estate is a type of advertisement that withholds the identity of the broker or agent, often providing limited contact…

Due diligence money in real estate is a non-refundable fee paid by the buyer to the seller upon acceptance of an offer, typically ranging…

HOPA, or the Housing for Older Persons Act, is a federal law that allows for the creation of age-restricted communities, enabling…

A Community Development District (CDD) is a special-purpose government entity in Florida that plays a considerable role in real estate…

A latent defect in real estate refers to a hidden issue with a property that’s not immediately apparent through standard inspections. These…

The effective date of a real estate contract is the moment when all parties have signed and accepted the terms, marking the start of…

Dedication in real estate is the process by which a property owner voluntarily transfers ownership or use rights of their land to a public…