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What is Amortization?
As you acquire a mortgage or other types of loan, you might receive an amortization schedule that outlines your loan repayments. Many...

NJRELS
Jun 5, 20244 min read
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NJRELS
May 24, 20240 min read
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What is a Subordination Clause? Everything You Need to Know
When lenders issue loans for the purchase or maintenance of real estate property, they inevitably take on several liabilities. These...

NJRELS
Feb 13, 20235 min read
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What Does Commingling in Real Estate Mean?
What Does Commingling in Real Estate Mean? As a real estate agent, you are legally responsible for managing your client's funds...

NJRELS
Feb 6, 20234 min read
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What Is the MLS in Real Estate?
The MLS stands for the Multiple Listing Service. It is an online database used by agents and was created to provide information on real...

NJRELS
Jan 30, 20234 min read
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What Is Escrow in Real Estate?
Escrow is commonly associated with real estate but it’s not exclusive to it. Escrow is a neutral third party used to hold and distribute...

NJRELS
Jan 23, 20234 min read
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Real Estate Vocabulary
#njres Real Estate Vocabulary or ‘shoptalk ‘ can be confusing, especially to first-time home buyers or those who haven’t sold or bought a...

NJRELS
Jan 16, 20236 min read
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What is Steering in Real Estate?
Steering in real estate is one of the ethical topics that pop up during a real estate agent’s career. Whether it’s understanding the...

NJRELS
Nov 22, 20223 min read
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What Is a Real Estate Short Sale?
What is a short sale? In simple terms, a short sale is when the borrower or homeowner sells a property for less than what they owe on it....

NJRELS
Nov 22, 20224 min read
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What are Deed Restrictions in Real Estate?
A deed restriction is a term widely used in real estate to refer to any limitation on a property that affects the ability of the property...

NJRELS
Nov 10, 20224 min read
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What are Encroachments in Real Estate?
Encroachments are one of the biggest encumbrances in real estate that affect homeowners. Just like other restrictions that may be on...

NJRELS
Nov 3, 20224 min read
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What is an Easement?
What is an Easement? Aug 31, 2022 5 min. An easement is one of the many types of encumbrrances that can be found on real estate...

NJRELS
Oct 31, 20225 min read
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What are Encumbrances in Real Estate?
Encumbrances are quite common in real estate transactions, and because they affect the legal right of a person to buy or sell properties,...

NJRELS
Oct 29, 20225 min read
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What are Liens in Real Estate?
A real estate property lien is a claim against a property to secure debts. The property is used as collateral to compensate the debts if...

NJRELS
Oct 26, 20224 min read
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Real Estate Agent Kickbacks: What are They?
Can Real Estate Agents Give or Receive Kickbacks? Real estate agent kickbacks are an under the table exchange of cash or goods to...

NJRELS
Oct 26, 20223 min read
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How To Study For Your Real Estate License? The life of a real estate agent is never dull.
How To Study For Your Real Estate License? The life of a real estate agent is never dull. It isn't an average desk job. There is...

NJRELS
Sep 11, 202210 min read
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10 Real Estate Careers that Might Interest You
Would you believe 5.64 million Americans sold their homes in 2020 (National Association of Realtors)? That’s a lot of real estate...

NJRELS
Sep 11, 20224 min read
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What is an Easement?
An easement is one of the many types of encumbrances that can be found on real estate properties. Like all other encumbrances, easements...

NJRELS
Sep 4, 20224 min read
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What are Encroachments on Real Estate?
Encroachments are one of the biggest encumbrances in real estate that affect homeowners. Just like other restrictions that may be on...

NJRELS
Sep 4, 20224 min read
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New Real Estate Agent Survival Guide
New Real Estate Agent Survival Guide Becoming a new real estate agent is daunting. There’s no way to predict challenges, such as having...

NJRELS
Sep 4, 20224 min read
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