Real Property Ownership
This includes land & everything that is permanently attached to the land, whether artificially or naturally.
What is real property?
A loan where the principal & interest payment remains the same over the life of the loab.
What is a Fixed Rate Loan?
What a buyer has paid for a property & what a seller has accepted.
What is Price?
Required age to take the Louisiana real estate exam.
What is 18?
How many owners and brokers are there at TCK?
2, Tiffany and Courtney
The right to use the property in any legal way the owner desires.
What is enjoyment?
A loan with a lump sum payment, usually at the end of a loan period.
What is a Balloon Loan?
Calculated by dividing the home’s price by its square footage to come up with this number.
What is Price Per Square Foot?
The 2 exams that must be passed in order to obtain a Louisiana real estate license.
What are the National & State exams?
Where did Tiffany and Courtney go to high school and college?
Domincan and UNO
Everything that's not real property.
What is personal property?
A loan from the equity of a home.
What is a Home Equity Loan?
An estimate of value as of a specific date and for a specific use, typically conducted by a 3rd party.
What is an appraisal?
How many education hours are required to obtain a Louisiana real estate license.
What is 90?
She can hypnotize you and sell you a house.
Courtney
Subsurface rights pertaining to the right to use underground resources such as natural gas and minerals.
What are mineral rights?
Type of mortgage insurance, often referred to as "PMI".
What is Private Mortgage Insurance?
The value placed on a property by local taxing authorities.
What is assessed value?
Amount of post-license education hours required within 180 days of obtaining Louisiana real estate license.
What is 45?
She loves dogs more than human beings and can sell you a house.
Tiffany
Restrictions on homeowners can come from these type of associations.
What is an HOA?
A legally binding document that creates a lien on a piece of property & gives the mortgagee (lender) the right to foreclose on property if the mortgagor (borrower) defaults.
What is a Mortgage?
What a property is worth.
What is Value?
Certificate of achievement required in order to take the Louisiana real estate exam.
What is a high school diploma? (Or GED)
Collective years of experience in real estate
30