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Hard money loans, also called bridge loans, are short-term loans commonly used by investors, such as house flippers or developers who renovate properties to sell. They might also be a solution if ...
Second, hard money loans generally need to be repaid quickly. They can be an appealing option for a house-flipper, but generally aren’t the go-to option for your average borrower. Bank vs. non ...
Buying a FSBO house requires knowledge of the homebuying process and attention to detail. One thing to be aware of: A home for sale by its owner may be listed for a lower price than agent ...
Depending upon the combination of occupancy and type of collateral, the lender will adjust the amount of risk they are willing to take. Besides occupancy and property type, value is also considered. Price, value, and cost are three different characteristics of a home. Price is the dollar amount that a seller agrees to sell a house to another party.
Nevertheless, lawyers do get a break in the minimum education requirements (for example, 90 hours in Illinois). [3] Some other states have recently eliminated the salesperson's license, instead, all licensees in those states automatically earn their broker's license. The term "agent" is not to be confused with salesperson or broker.
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
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