What is real estate tax?

Answer Real estate tax is a fee charged by a governing body in a state to owners of real estate within the state. The amount owed is a percentage of the value of the property and is paid annually.Building... Read More »

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Why be a real estate broker vs. a real estate agent?

While many people use the terms interchangeably, there is a difference between a real estate broker and a real estate agent. Being a real estate broker has several advantages over being a real esta... Read More »

What Is MLS in Real Estate?

In real estate, the abbreviation MLS stands for Multiple Listing Service (or sometimes Multiple Listing System). An MLS is a database that real estate brokers use to share information and make offe... Read More »

What is REO in real estate?

REO stands for "Real Estate Owned" and is used to describe a property that has gone through foreclosure without receiving a successful bid. Without a new buyer for the property, the lender, usually... Read More »

What is real estate law?

Real estate law is the part of the legal system dealing specifically with property. This branch of law deals with several kinds of property, but primarily with land and building disputes.Real Estat... Read More »