Entitlement in real estate refers to the rights and privileges associated with owning or using a property. It is a legal term that encompasses zoning, building permits, public infrastructure improvements, and other considerations related to land use. Entitlements are granted by local governments and can vary depending on specific regulations and laws. In some cases,…
CTG stands for “Contract to Go,” which is a type of real estate contract that is used in some states. The Contract to Go (CTG) agreement is a legally binding document between the buyer and seller that outlines the terms and conditions of their transaction. With this type of contract, buyers are able to make…
Passing the Real Estate Express Final Exam can be an intimidating prospect for many aspiring real estate agents. But with a few tips and tricks, you can make sure you ace your exam with flying colors! First of all, it’s important to start studying as early as possible. Make sure to leave plenty of time…
DRE stands for the Department of Real Estate, a division of the California Department of Business Oversight (DBO). The Department of Real Estate was established in 1917. The Department of Real Estate is responsible for regulating and enforcing real estate laws in the state of California and for providing consumer protection. The DRE is also…
A dry closing – also known as a table closing or signing appointment – is the final step in purchasing real estate. It’s when all documents are signed and exchanged, officially transferring ownership of the property from seller to buyer. During a dry closing, both parties meet at an agreed-upon place (usually with their real…
Load factor, also known as load factor ratio, is an important metric in real estate that helps investors determine whether a property is worth investing in. Calculating it is relatively simple and can be done with some basic calculations. To begin, you’ll need to know the net rentable area of a property (NRA) and its…
Land surveying is an ancient practice that dates back at least to 1,400 BC, when the ancient Egyptians used land surveying for the taxation of land plots. This data is essential for any property transaction since it helps to protect both the buyer and the seller from any possible disputes about the boundaries and features…
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Real estate agents are professionals who play a key role in the housing market. On a daily basis, they help buyers and sellers navigate the complexities of finding and selling properties. They use their expertise to guide clients through the process, from searching for appropriate homes or buyers to negotiating contracts and preparing paperwork. Real…
Real estate investment can be a profitable way to grow wealth over time. However, it’s essential to determine the right percentage of net worth to allocate towards this investment. While there is no definitive answer, financial experts recommend that real estate investments should constitute between 5-35% of your total net worth. This range depends on…
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If you’re a licensed real estate agent in Florida and wish to transfer to a new brokerage firm, you’ll need to follow a few steps to ensure a smooth transition. Transferring your real estate license to another broker in Florida requires following the regulations set by the Florida Department of Business and Professional Regulation (DBPR)….
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