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Real Estate

~6500 answered questions
Parent Category: Business & Finance
Ask questions here about ownership of property, whether commercial or residential.
The easiest way is first go online to the Cook County assesors page, and type in the property address. This will give you the Pin num. of the property. Then go to city hall, and on the county side in the basement, are all the tract books that have the property owners since the land was aquired. Brin…
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The CHA does not own the land that the Lathrop Homes currently sits on. Rumors I've heard indicate that it is privately owned with a lease to the CHA which is about up. The owners want the land back for redevelopment for highest and best use. The CHA has no rights over the land once the long-term le…
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Negligence However, there is an "if" to that question as with many insurance issues. If the tree was normally healthy and the wind blew it down is the first area to consider. 1- Your insurance company would not pay for damages to the neighbor simply because you have no legal liability to the neig…
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Yes, If there is potential for an assertion of liability, The inherited property should be insured by the owner(s). You can ensure the property under a Dwelling Policy wich basically covers homes owned but not occupied by their owners.
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Yes. If the person - insured signs the application he can name ANYONE he wants as the beneficary. If not, then you might be able to get "Confidential Life Insurance" without his signature. For more information see www.SteveShorr.com/life.htm
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The first question is: where is the pool? Who owns the property where the pool is located?If the subdivision is made up of individual owners, then the owner on whose property the pool exists is responsible for its maintenance.As well, it could be a public pool maintained by the local parks departmen…
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You didn't mention the state, so can't say with specificity.However, consider this...1. You were aware that an attorney or someone from their office was doing work on the real estate deal when it happened, correct?2. You were aware that you would be billed by the attorney or their office, correct?3.…
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If your name was changed on public records, then it more than likely will.
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If the house was forfeited in the BK, instead of a reaffirmation agreement with the lender..NO!
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If one does a seller concession, it might be wise to specify in the contract that the realtors agree to base the commission on the sales price minus the concession. I do believe that this is a poor tool to use and is often used in attempt to jack-up realtor commissions, attempt a near-form of bank f…
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The New Jersey Association of Count Tax Boards allows anyone to search their database online for free at http://www.njactb.org/. You can search by county, town, street name, block, lot and owner name. it should be a public record for a list of preivous owners of real estate (it is called chain of …
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Answer I'd say about %95 percent because you will sell a home 3 ways only. Through a hired realestate agent that will list your property on MLS, FSBO which means you will try to sell it yourself and cutout the fee a broker would take, or through a foreclosure at which time your home would be s…
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You certainly can. However, you need to request the lien through the court.
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"Lawful" Yes. Ethical, No. Of course, the person could be voicing their personal opinion rather than fact. If that were illegal lots of us would be in mucho trouble! In some states the manager could be in a lot of trouble. due to licensing laws. If s/he is the manager of the coop that is selling…
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The first step if you do not have a reporting account with the credit bureaus is to file a civil suit against them and win. (Be advised that the "and win" part is not guaranteed, going to court is never predictable.) If you have a judgment the next step is to try and collect, if they will not pay t…
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The best option is to consult a qualified attorney. Any disputes concerning government agencies should be handled by those who have experience in such issues. Suffice to say there will be no easy or quick solution to the problem. Most attorneys offer free consultation or at a minimal fee to discuss …
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This system makes vacation home ownership possible for many people who cannot afford a second home or who otherwise would not be able to enjoy such resort facilities. It is important to remember that purchasing timeshare should never be viewed as a financial investment with the expectation of gainin…
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A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan by a forced sale.
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I would say with the limited information provided, the most logical answer is that there were two different people or companies providing the two appraisal. Appraising houses isn't much of a science, it is likely two people could disagree. It Depends on the Trends of Real Estate Sector, if the tren…
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Ownership of real estate is generally transferred by deed. Deeds should be drafted by an attorney or other legal professional who specializes in real estate law who can draft a proper deed for your jurisdiction, explain the various tenancies and explain the consequences of the transfer. Ownership o…
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Answer All of them, although there are different procedures for the action. Consulting an attorney who specializes in such issues might be helpful.
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The county court registers the transfers of real property.
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Prohibited conduct The Act prohibits certain types of "abusive and deceptive" conduct when attempting to collect debts, including the following: Hours for phone contact: contacting consumers by telephone outside of the hours of 8:00 a.m. to 9:00 p.m. local time[2] Contact after being asked to …
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A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borr…
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You should only have coverage on your homeowners insurance policy to cover the REPLACEMENT COST of the house. Market value incudes inflation as well as the land. These items are not covered in the policy.  We own two houses, one in a small town in western Kansas and the other in a small city i…
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Answer No they can't. However, if the beneficiary is being unreasonable, then the Executor has the right to ask the beneficiary to deal with him through their lawyer. Answer An executor can deny a beneficiary access to property in an estate. Once again though, you must check the laws of the jur…
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SWOT Analysis A SWOT analysis is a tool that business planners use to gauge an organization and its environment. SWOT stands for strengths, weaknesses, opportunities and threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. To perform a SWOT analy…
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Answer you go to the real estate board (in the local yellow pages), make a complaint, and also make a complaint with the real estate company the agent works for. then you contact a real estate lawyer and get his opinion.
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There is a small cadre of real estate agents, primarily in commercial leasing and luxury condo/coop market, who make a lot of money, and some even make over $500,000 a year. However, the overwhelming majority of real estate agents make less than the average office worker. In fact, some real estate a…
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No matter whether you're applying for a credit card, an auto loan, or a home mortgage, your FICO or credit score, job history, income, and debt will affect how much you can borrow, what rate of interest you pay, and whether or not you get the loan. Generally speaking, mortgage lenders consider the…
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Many people think an estate only has something to do with the death of a person. But your estate is the sum and total of everything you own at any given point in your life, from the clothes on your back, to the money in your pocket, to a car, a house, your investments, etc. During your lifetime, yo…
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An office manager in a real estate office handles the clerical work for the office. The manager will also visit properties, train new employees, and resolve issues that arise throughout the day.
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Answer As many as you want. The great thing about a real estate agent is that you pick your hours. You can work part time for a side income or full time. If you work for an agency, they may suggest a 40 hour week. Answer Quite the oposite. As a real estate agent, your CLIENTS set your hours.…
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Depending upon the state in which the transaction takes place, either party may pay a brokerage fee. Disclosure and agreement of the arrangement is also necessary between all the parties. Most often, the seller pays the actual real estate commission.
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The house must be included at fair market value as of the date of death regardless of the amount actually paid for the house. the only exception to this rule, would be if the executor elects the alternate valuation date, which would be the fair market value at the earlier of 6 months after date of d…
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I was an office manager for a real estate firm in Baton Rouge, Louisiana and the starting salary was between $12.00-$14.00 an hour. A real estate office management career is a good fit for those interested in meeting new people, being the boss, working with numbers, working in an office, and managin…
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House vs. Apartment In most cases, a house is owned by the person/people in it. An apartment is rented/leased to those who occupy it. An appartment is managed by a landlord and a house is managed by the person to whom it belongs to. There is major differences in price. Houses can easily cost 3x a…
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Answer His name is Marty Wright. He was the guy on tough enough (the latest one ) who lied about his age. Also, he really eats worms backstage ANSWER: No he doesn't eat worms backstage geeeez
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Not hard at all if you know the material. Answerand motivated-- Additionally, you can actually look for several online exam prep or review courses to help you prepare for your upcoming real estate exam. Though such does not offer exact questions offered in the actual exam [it is because it's illega…
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There is an apartment building at 4657 Melbourne Ave in Los Angeles, California. There are 91 males and 51 females living in the building. The Los Feliz Newstand is right outside the building and open Tuesday to Sunday from 7 am to 7 pm.
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I am assuming this question relates to a situation where the executor has already been appointed and the beneficiaries are unhappy with the administration. You can file a lawsuit in the probate court demanding the removal of an executor, however you will have to prove that the executor is acting unl…
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Answer money to lend and a contractIt's actually a question of contract law. If you have money you can lend it to anyone you choose. All that is truly required is a lender a borrower and a contract. Best bet is to have an attorney draw up contracts for you covering all bases. Attorneys are a better …
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Whether you are considering a career in real estate investment or real estate sales/management, a business management degree would serve as a valuable asset. In fact, study after study proves that "generally speaking" the more formal education a person has, the more money they will make. I know th…
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Real estate prices during World War II were much less than they are today. For instance, a person could buy a house for less than 7,000 dollars in 1940. Today, most houses are at least 100,000 dollars.
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The median annual earnings of salaried real estate agents in the U.S., according to the Department of Labor was $30,930 in 2002. This is including commissions. Median annual earnings of salaried real estate brokers, including commission, was $50,330 in 2002. Commissions on sales are the main source…
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In many countries, including South Africa, property is a pretty lucrative industry, especially in developing areas. What most people do is buy old or dilapidated houses in developing areas, fix them up and resell them. The other alternative is to rent them out. Property brokers earn large commission…
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There is no way to answer this question without having a clear picture of your entire financial situation. You should seek personal assistance from a professional financial consultant, advisor or planner.
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Travel Agent Compensation Actually, the answer is, "yes." I was, until this past June, a travel agent for 16 years. The cruiselines, tour companies, hotels and car rental agencies pay travel agencies a commission for selling their products. The airlines, by and large, do not, hence the service fe…
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Everything you own; all of your assets (whether real property or personal property) and liabilities. Extensive landed property (especially in the country) retained by the owner for his own use; "the family owned a large estate on Long Island". A major social class or order of persons regarded collec…
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A real estate appraisal is good for the effective date of value stated in the report. Appraisals do not forecast real estate values and are not intended to predict unanticipated changes that may influence the reported market value conclusion.
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Answer try your state comptroller office website Safety deposit boxes and insurance policies are private issues and are not a matter of public record. An insurance provider would not release the information without authorization from the executor of the deceased estate or an order from the prob…
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There is one house that is worth 1 billion. Answer: According to a renowned magazine the world's expensive house is located in Beverly hills, California. The house called "Heart Home". It was built in 1926 and is worth of $165 million. The whole living area is spread on 75,000 square feet. The h…
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It takes anywhere from several months to a year depending on what classes one chooses to take.
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In order to become a Maryland title producer, one must first attend a Maryland certified pre-licensing course. The course is offered by serveral providers approved by the Maryland Insurance Administration. One of the providers is The Training Exchange. Please visit www.TheTrainingExchange.com for t…
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Answer In most states you just have to pass a test. There are no real education requirements. Answer Here's some info published by the U.S. Department of Labor: In every State and the District of Columbia, real estate brokers and sales agents must be licensed. Prospective agents must be high…
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A real estate title rep is a person that conducts research on the title to a piece of property. They ensure that all information is correct and up to date for the property owner.
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= ANSWER I have followed your Qs and predicament here. You and her certainly have a great need for specific advise and consult by someone who can really research the facts and options in your specific area, seeking a solution to both the many legal and personal issues involved than you can reall…
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Dictionary Answer A writ of possession is a legal precept directing a sheriff to put a person in peaceable possession of property recovered in ejectment or writ of entry. Real World Answer It's a court order to move out right now. If you don't, you will be forcibly removed by law enfor…
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Answer The answer to this question can be found at the following link: http://www.propertyanswers.org/thread/142/Is-it-The-Right-Time-to-Buy-a-House-.html    
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You do not have to be a real estate broker if you are the owner of the building. However, management companies have employees that can rent are not always required to have licenses. Hence, employees of management companies can also rent apartments in a specific building or multiple buildings under t…
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Absolutely, although sometimes it is at a lower rate than for a resale.
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Answer == Becoming A Real Estate Investor Is Simple, But Not Easy That may seem like a contradictory statement at first glance, but hear me out. There is only one way for someone to become a real estate investor: actually purchase a piece of investment real estate. Until that piv…
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A real estate office management career is a good fit for those interested in meeting new people, being the boss, working with numbers, working in an office, and managing a schedule. According to the Bureau of Labor Statistics, there were about 770,000 real estate professionals in 2010 and about 50% …
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555,500 million people
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ANSWER # 2 no. There is a chart for life expendency Yes, there is a chart but I had to get the calculations from an Estate Attorney. I can tell you what my life estate is worth... I am female 55 years of age. My factor is 0.69039 Which means: If my property is worth 1,000…
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All states do have laws governing the operation of condominium and homeowner associations - BUT - the laws of all states are different. You will have to check the wording of the California statute to determine if they can legally withhold the minutes of executive sessions.Another answer:Usually exec…
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A real estate lawyer is a lawyer that specializes in real estate matters. By using the services of such a lawyer you will find that you are gaining the legal opinion of an expert. Most people think that any lawyer will do or there is no need for a lawyer at all. Everything is good until you have a p…
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Some will refer to the property as a brick house while others will say it is brick faced. The structural integrity is mostly from the timber framing. It is likely that the walls have been closed prior to the brick being applied or installed. It is rare for any home to be built from brick along…
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To become a realtor you can take a course to receive your realtor license for the state that you plan to work from. You also need to decide if you want to go into business for yourself and front the money the first few years or if you want to work with an agency and work on commission.
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Ask. Everyone. Ask your friends and family who they used when they were buying their homes. Call realty offices in your phone book and ask lots of questions like how to they offer their services (full service, ala carte?), how long have they been in business ( call Better Business Bureau), can they…
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DVRC Delaware Valley Relocation Council are responsible to the Philadelphia, New Jersey, and Delaware states. The council services the relocation industry in particular.
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Answer depends on company, state, type of adjuster
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It depends on all the variables? That means everything is negotiable including the realtor's commission fee which is negotiable by law in the United States. While It's relatively standard for the average Realtor to expect somewhere in the neighborhood of 3% of the the agreed-upon real estate Stated …
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Most experienced agents get the bulk of their leads from "word of mouth" or client referrals. The next best type of lead is from industry referrals, whether that is a title company, mortgage broker or lender. Face-to-face contact, such as open houses, is also a really good way to pick up business. T…
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When an agent is hired to represent his/her client an agency relationship is formed whereby the agent owes the client fiduciary duties, that include, loyalty, obedience and confidentiality.
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I think you must have to visit this link there you will found many real estate dealers and agent also thyat they will work for you. propertydir.com/
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The Property management is the part for your property maintenance. You only decide the best association service company that is appropriate for your profile. At the moment it is very simple to search. You should select the right company from that long list.
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Answer No. They are legal definitions.
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Yes. Payment of debts takes priority over other bequests. In most cases, the second requirement of a will says to pay all debts including taxes (the first being to pay for funeral and medical expenses.).
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go to NSEINDIA.com. go to a page called nifty watch. there are statistics like PE and 52 week high low and the graph. take the last closing value for the nifty and divide it by PE... that's how u get the EPS of nifty. u can track EPS immediately before and after earnings season this way.
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Your question is too broad since the location, expertise and size of the company all make a difference. Some make a few thousand and some make a few million. You need to ask around in your particular area. The nation wide average is less than 24k per year. This is because there are many "part-time"…
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Position • Overall responsibility for the operations of the Hotel • Analyze company operations to pinpoint opportunities and areas that need to be reorganized, downsized, or eliminated • Allocate funds to departments and approve expenditures based on budgetary guidelines • Establish expected…
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In this "power-of-sale" type of foreclosure, if the debtor fails to cure the default, or use other lawful means (such as filing for bankruptcy to temporarily stay the foreclosure) to stop the sale, the mortgagee or its representative conduct a public auction in a manner similar to the sheriff's auct…
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Prospective tenants the opportunity to apply for properties both online via the property listing or by printed application. It was remember also applications would not be processed until the property has been viewed and all prospective tenant applications have been received In case of online it must…
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Network with thousands of different agents with different skill sets-
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act of selling products or services in return of money or other compensation .
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Real estate funds are founded by a group of real estate, experts, professionals to manage real estate for the investor. The real estate investment trust is a public listed entity, which basically phases on at least 90% of it's profits trust. REITs typically own large commercial office, hotels, build…
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Surprisingly, they don't have any information about this on the real estate commission website. I will tell you that most states have at the very minimum a specific amount of time you have to wait since receiving the felony, usually 5 to 7 years and even then it depends on the nature of the crime. Y…
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No it is not this is a stupid question. There are many sleeze balls out there in the RE investing world and Lou most assuredly is not one of them. He is the real deal.
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I am not a lawyer, I am a real estate agent so please do not take this as legal advice. Being a commercial real estate agent, I seek out ways to promote my business. One of the major ways I do so is by asking lawyers to refer me business. Basically, asking them to send me their clients in order for …
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Negative Declarations are a determination by a city or county, under the California Environmental Quality Act, that a development project will not have a significant adverse effect on the environment. It allows the project to proceed without an EIR [Environmental Impact Report].
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Answer Square footage is a unit of measure. In and of itself square footage does not effect real estate but rather is a means to describe the real estate. Depending upon what type of real estate, the square footage is the single most important element of the appraisal (other than intangible issu…
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There is no direct formula to calculate IRR instead what we have is an equation that states IRR is the rate at which NPV is zero. NPV or Net Present Value is the difference between compounded net cash flows discounted at IRR and the initial expense What we resort to instead is hit and trial method,…
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Foreclosures are generally listed for sale with a Realtor. The seller is represented by an Asset Manager, who negotiates for the bank when an offer is presented by the listing Realtor. The first step to take in making an offer on a foreclosure is finding a good Realtor that you trust. It is best th…
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Starting a real estate business means having to put your best investment on it. Knowing what your goals are, will help you plan out your short and long term goals in real estate. First, study local markets that are good places to start your real estate investments. Second, analyze the market trend…
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The answer is that it depends. Traditional commission rates are 5%-6% of the sales price. That being said, once you go above $5M or so, things become negotiable and are most often a fixed amount. So if you're talking a $10M sale in nowhersville, ND, the agent will probably take home about $250k as a…
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There are a lot of contracts related to real estate and I'm not familiar with a standard guaranty sales clause. Usually, local or state Realtor Associations have standard forms available for their members. With that said, here's what I think you're referencing... A Guaranty Sales Clause would do on…
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