Key TakeawaysAn earnest money deposit (EMD) is a good-faith payment made by the buyer when submitting an offer — typically…
Key TakeawaysA Closing Protection Letter (CPL) is issued by the title insurance underwriter and protects the lender, buyer, or seller…
Key TakeawaysAgents who differentiate on expertise — deep knowledge of their target market, specific transaction types, or client segments —…
Key TakeawaysThe highest-ROI lead sources for most agents: referrals from past clients and sphere of influence — these convert at…
Key TakeawaysTitle insurance costs depend on home price, location, and policy type — owner’s policies are price-based, lender’s policies are…
Key TakeawaysThe Closing Disclosure (CD) must reach the borrower at least three business days before closing — this is the…
Key TakeawaysA property easement grants a specific, limited right to use someone else’s land for a defined purpose — utility…
Key TakeawaysA plat map shows how land is divided within a county, city, or neighborhood — lot lines, easements, nearby…
Key TakeawaysA Comparative Market Analysis (CMA) is an agent-prepared estimate of a property's market value based on recent comparable sales…
Key TakeawaysA short sale occurs before foreclosure: the lender agrees to accept less than the outstanding mortgage balance; the homeowner…