Real Estate Basics
This document estimates a buyer’s purchasing power but doesn’t verify income or assets.
What is a pre-qualification?
This type of clause covers the difference if the appraisal comes in below the purchase price.
What is appraisal gap coverage?
This represents the 2 Ts in the acronym WI4C2TES.
What is Teamwork & Trust?
This represents one of the A's in JAADE.
Who is Aryan or Aashi?
This key to mastery means doing small, focused actions every day that compound into big results over time.
What is consistency?
This is the agent’s legal responsibility to always act in the client’s best interest.
What is fiduciary duty?
This process ensures the seller legally owns the property and there are no outstanding liens.
What is a title search?
The Economic Model starts with leads and ends with this measurable outcome.
What are closings?
This is the Country that Shelayna was born in.
This is the term for the total number of people who see your post, regardless of engagement.
What is reach?
In Florida, this type of deed offers the highest level of protection to the buyer.
What is a General Warranty Deed?
This agreement between borrower and lender locks in a specific interest rate for a set time.
What is a rate lock?
This model helps you set your big goal, identify priorities, and outline strategies.
What is the GPS model?
This is the JAADE Legacy Group tagline.
What is “Your Legacy is Our Purpose”?
This the Author of the current book we are reading as a team.
Who is Hal Elrod?
This is when a VA Appraisal comes in under the Contract Price.
What is a Tidewater?
These federal disclosure rules ensure transparency in loan and closing costs.
What is TRID (TILA-RESPA Integrated Disclosure)?
According to Gary Keller, this is the driving purpose behind achieving your goals.
What is your Big Why?
This team member was born on Christmas Eve.
This is the marketing concept of creating content that answers your clients’ most common questions before they even ask them.
What is value-based or educational marketing?
A property sells for $380,000 with a 6% commission — this is the total commission earned.
What is $22,800?
These are two common reasons a deal might collapse after the escrow is deposited.
What are major repairs, appraisal issues, or financing?
He is the current CEO and President of Keller Williams.
Who is Chris Czarnecki (appointed March 2025)
This represents the G in our LEGACY Values.
This success principle or BOLD TRUTH says that the quality of your business mirrors the quality of your daily habits.
What is “your business grows to the extent that you do” or the law of consistency?