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What is Real Estate Finance? Understand the Basics
According to the Association of Real Estate License Law, or ARELLO, there is an estimated two million active real estate licenses in the United States. With so much competition in the industry today, realtors are under pressure to constantly strive to improve their understanding of real estate law, trends, and best practices. One of the many areas of real estate that all agents must understand is finance. Homes are expensive, and the average home buyer doesn’t have hundreds of thousands of dollars in cash just stashed away in the bank. For real estate agents that are assisting homebuyers in purchasing property, it’s crucial for them, the experts of all things real estate, to understand the various types of loans that are available, as well as their advantages and disadvantages.
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