Key TakeawaysReal estate agents filing as sole proprietors can deduct business expenses on Schedule C — including home office, vehicle…
Key TakeawaysReal estate agents provided essential services during COVID-19 — helping clients navigate relocations, investment decisions, and housing transitions during…
Key TakeawaysRemote Online Notarization (RON) allows buyers, sellers, and borrowers to sign and notarize closing documents via live video call…
Key TakeawaysTitle companies, settlement agents, and closing attorneys are essential infrastructure in a real estate transaction — declared essential services…
Key TakeawaysFSBO sellers typically net 5–6% less than agent-listed properties — the commission savings are often offset by lower sale…
Key TakeawaysBuyers typically pay most closing costs — appraisal, loan origination, title search, owner’s and lender’s title insurance, escrow deposit,…
Key TakeawaysMaryland's Critical Area is a 1,000-foot buffer around the Chesapeake Bay and its tributaries — development, landscaping, and impervious…
Key TakeawaysA title commitment is a pre-closing document promising the title company will issue a title insurance policy after closing,…
Key TakeawaysA land contract (installment sale contract or contract for deed) is a seller-financing arrangement where the seller retains legal…
Key TakeawaysA seller's net sheet is a one-page estimate of the seller's proceeds after deducting all costs: agent commission, title…