A note calling for periodic payments which are insufficient to fully amortize the loan, so that a principal sum known as a balloon is due at maturity. A balloon note is a loan arrangement in which the borrower makes regular monthly payments—often based on a longer...
A secondary offer to buy property, used in case the first offer fails. A backup offer is an offer submitted on a property after the seller has already accepted another offer. It is designed to take effect only if the primary, accepted contract falls through. In...
Are you about to take the Arizona Real Estate Salesperson Licensing Exam? If so, you might want to pump the brakes and study some new material before doing so. The Arizona Department of Real Estate released a significant amount of new exam topics in Q4 of 2025, topics...
Are you a Washington real estate licensee? Are you as excited about the new 2026-2027 CORE CE course as we are–the one that we give to you FREE of charge? At OnlineEd, we’ve been preparing for this moment for months; the moment we’ll go live with our...
When I saw the headline in Forbes “Here’s Why Old Homes Suddenly Cost More Than New Ones,” I instantly thought I knew why. I love old homes; finally everyone agrees with me! The general public must now see the beauty of dated yet charming floor plans and the unique...
FAR/FSI determines the purpose and character of a neighborhood, but it’s not widely understood, even by real estate professionals. It’s one of those terms I used to pretend to understand when it was dropped into a discussion, always nodding knowingly while...
