Unit 1: Navigating the Property Landscape
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Appraisals: Learn how property evaluations determine market value and impact transactions. (1:47)
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Assessed Value: Understand how public tax assessors determine the value of a property for taxation purposes. (1:15)
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Deed: Explore the significance of legal documents in transferring ownership of property. (1:15)
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Title: Discover the importance of legal ownership and the rights it confers to property owners. (1:23)
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Title Insurance: Learn how title insurance protects against potential disputes or defects in property ownership. (1:36)
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Unit 1: Navigating the Property Landscape Quiz
Unit 2: Financial Considerations in Real Estate
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Association Fees: Understand the purpose and impact of fees collected by homeowners or condo associations. (2:14)
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Commission: Learn about the compensation structure for real estate agents and its role in transactions. (1:53)
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Down Payment: Discover the significance of the initial payment required when purchasing a property. (1:15)
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Escrow: Explore the role of escrow services in securely managing funds during real estate transactions. (1:22)
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Interest Rate: Understand how interest rates affect loan costs and savings in real estate financing. (1:44)
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Unit 2: Financial Considerations in Real Estate Quiz
Unit 3: Mortgages and Financing
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Conventional Mortgage: Learn about standard loans and their role in property purchases. (1:50)
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Loan-to-Value Ratio (LTV): Explore how the ratio between loan amount and appraised value influences financing. (2:08)
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Mortgage: Discover the fundamentals of loans used to purchase property and their repayment terms. (1:23)
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Mortgage Insurance: Understand the need for insurance when the down payment is less than 20% of the property value. (1:26)
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Lock-In Period: Learn about fixed-rate periods and their impact on loan interest rates. (1:48)
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Unit 3: Mortgages and Financing Quiz
Unit 4: Legal Aspects and Terms
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Earnest Money: Explore how earnest money demonstrates a buyer’s commitment to completing a purchase. (1:42)
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Foreclosure: Understand the legal process by which lenders take possession of property due to unpaid mortgages. (1:30)
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Default: Learn about the consequences of failing to meet loan obligations. (1:42)
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Liability: Discover the concept of legal responsibility and its implications in real estate transactions. (1:29)
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Warranty: Understand the guarantees provided by sellers about the condition of the property. (1:32)
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Unit 4: Legal Aspects and Terms Quiz
Real Estate 101: The Blueprint for Property Ownership Review
