Vara (Real Estate):

If you live in the Southwestern United States and you work in real estate, you may encounter the term “vara” surprisingly frequently. A vara is a historical unit of length used in land surveying and property descriptions, particularly in areas of the...

Gore (Real Estate)

A gore sounds rather violent, but in property surveying, it’s nothing to be afraid of. A gore is a narrow, irregularly shaped piece of land, often triangular, that lies between two adjoining properties or parcels. Gores typically result from surveying errors,...

Georgia Real Estate CE Guide

Renewing a Georgia real estate license isn’t extremely complicated, as long as you pay careful attention to the deadlines. Georgia real estate licensees must complete 36 hours of continuing education (CE) every four years to renew an active license. All...

HER and OER

HER and OER (Housing Expense Ratio and Overall Expense Ratio) are ratios used by mortgage lenders to evaluate whether a borrower can reasonably afford a proposed mortgage loan. The Housing Expense Ratio (HER) compares the borrower’s expected monthly housing expenses...