Gazumping

Imagine a world in which an accepted offer on a property is not legally binding, and either the seller or buyer can pull out of the accepted offer just for fun. This world is not so imaginary if you’re in England or Wales, where an accepted offer on a home is...

Vampire Property

A vampire property is a residential property that has gone through foreclosure or has been abandoned by its owner, but is still occupied by former owners, tenants, or other individuals who remain in the home. This puts the property in a sort of “undead”...

RP Residential

“RP Residential” is a property type designation in Portland, Oregon (and in some other jurisdictions) that stands for “Real Property, Residential.” This means that the property is currently used as a residence, and not for commercial or...

RCU Residential, Commercial Use

“RCU Residential, Commercial Use” is a property designation used in Portland, Oregon (as well as in other jurisdictions across the country) to describe a property that has both residential and limited commercial uses, excluding industrial uses. Thus, a...

Wholesaling in North Dakota

New Wholesaler Laws in North Dakota Beginning August 1, 2025, North Dakota expanded its real estate wholesaling law to apply to all real property, rather than only residential real property. Under the revised law, a wholesaler is a person who enters into an agreement...

Timeshare License in Oregon

Beginning January 1, 2026, Oregon offers a new Timeshare Sales Agent License for individuals who want to sell or offer to sell timeshares without obtaining a full real estate broker license. Created by House Bill 2373, the new license is limited in scope and applies...