Real Estate Settlement Procedures
September 18, 2019
How Do Real Estate Settlement Procedures Work?
Let's now discuss the settlement procedures or the closing of a real estate transaction. First off, who needs to be at closing? Typically, we need the seller there, and we also need the buyer to show up and we need a closing agent. A closing agent can be one of a lot of different people or organizations. The closing agent could be a brokerage company, or an attorney, or it could be a title company. These are various entities that can serve as a closing agent. At closing, we will have the final closing statement, which lists all of the final closing costs for both the seller and the buyer. Remember on closing statements, if we debit a person on the closing statement, that means a person owes the money. Likewise, if we credit a person on the closing statement, that means the person is receiving the money.
5 Tips for PASSING the Real Estate Exam
February 25, 2020
We know how hard it is to pass the real estate exam. There’s no secret guide to pass the test, but there are good foundational rules, tips and tricks that can help you improve your score.
Types of Notes and Loans
January 6, 2020
We cover the basics of the types of real estate notes and loans and how they relate to mortgages and what an adjustable rate mortgage is in this short article.