License

In the real estate industry, a license is a right to use a property for a defined period, usually for a specific purpose. Licenses are normally non-transferrable. Unlike a lease, the license does not transfer any ownership rights. For example, Gina may allow her brother Leo to use her home as collateral for his business loan. She still completely owns the property and she won't sign the business loan note (except for the mortgage deed); rather she simply permits her brother to use her property in a certain way. For more information, see the "All About Leases" article in the "Real Estate In-Depth" section.

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Real Estate 101

Real Estate 101

This book makes it easy to not only buy a home, but figure out everything that you need to do, even get a loan. In simple and easy to understand language, it talks about where you should buy a home, what to look for in a home, how to find a home, how to get an agent, how to get a mortgage and more. This is a step by step process that you, a new home buyer, can use to purchase a home.

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