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What happens to the remaining assets in a closed estate?
If any undistributed assets remain in the estate then the estate must be reopened and an estate representative must be appointed by the court.
Is a real estate agent a party to the transaction?
Usually a real estate agent is not a party to the transaction, unless that agent is either the seller or buyer or has an interest in either side. The fact that he may be representing either the buyer or seller or even both does not make him or her an interested party in the agreement. Most states real estate laws clearly state that should an agent have an interest in either side of the tranaction then both parties must be notified for that interest. Thats why you often see and agent sellling his own home, even as a for sale by owner, the advertising and signs should mention that the home is agent owned. Its all about ethics more than the law. From www.zerotorealestatehero,com
Can a real estate agent buy the property they have listed?
Yes, if certain conditions are fulfilled. IT is NOT an optimal situation for either party. In most US states the agent must have a signed disclosure that the seller is aware that the buyer (in this case the listing agent) is a licensed real estate agent and is not representing the seller's interests in the case of an agent purchasing on his own behalf. Most ethical agents regard this as a gray area, because the agents will have so much more information than a non-agent seller. Many agents will not do this type of transaction. If the seller closes and then concludes he did not get a fair price; chances are the seller will complain to the real estate commission. This will result in inquiries and a time consuming process. The best practices solution would be to cancel the listing agreement and have the seller get another agent to represent his interests.
What other qualification are beneficial for becoming a real estate agent?
Course RequirementsApplicants for a real estate broker license examination must have successfully completed the following eight statutorily required college-level courses:Real Estate Practice; andLegal Aspects of Real Estate; andReal Estate Finance; andReal Estate Appraisal; andReal Estate Economics or Accounting; andThree* courses from the following listReal Estate PrinciplesBusiness LawProperty ManagementEscrowReal Estate Office AdministrationMortgage Loan Brokering and LendingAdvanced Legal Aspects of Real EstateAdvanced Real Estate FinanceAdvanced Real Estate AppraisalComputer Applications in Real EstateCommon Interest Developments *If both Real Estate Economics and Accounting are taken, only two courses from the above group are required.
What is a disclosed dual agency in real estate?
In the US, although regulated by individual states,dual agency must be disclosed to all parties in the transaction. Undisclosed dual agency may result in a loss or suspension of a real estate license. For example, Agent A and agent B both work for Remax DC. If Agent A has a buyer who writes an offer on Agent B's listing there is dual agency (assuming that Ahas a buyer's agency agreementand B has a listing agreement) because both buyer and seller have an agency relationship with Remax DC as the principal. This is perfectly legal as long as all parties are aware and give their consent.
Can your realtor also act as a subcontractor on renovations on a house he sold you?
A realtor or a real estate agent in California can indeed act as a Contractor only if he/she holds a valid active CSLB license and a bond. In California you'll find many professionals that are active in different fields. In example I am licensed as a Real Estate/Mortgage Broker, General Contractor, Notary Public and Insurance agent and in each transaction I provide the fiduciary responsibility under that license. In certain transactions such as a real estate transfer the agent must disclose his license qualifications only if he assumes a responsibility that requires such a a license. In example while in the middle of a transaction a real estate agents completes a home inspection and charges a fee he must disclose to all parties that he is a licensed contractor and certified to complete such an inspection.
What are the statute of limitations for a realtor agent when selling a house where someone was killed in that house?
The seller must always disclose this incident.
How can you find real estate buyers in Ottawa?
To find real estate buyers, one needs the right real estate agent. After acquiring a professional agent, then one must put up signs for the estate being sold and ads online for it.
How do you become a real estate agent in Michigan?
To become a real estate licensed agent in Michigan, one must first provide the necessary requirements and documents provided by their state department of real estate before enrolling to any courses or training for real estate licensing.
Does one have to have specialized education to enter the real estate agent field?
College degrees are not required to become a real estate agent. However, one must possess a high school diploma or GED and must meet other qualifications that vary from state to state.
Can an agent cancel power of attorney without notice to client?
Yes, you must sign a power of attorney revocation form and make sure the client is notified of cancellation.
Why must organisations disclose additional costs?
y must organisations always disclose additional costs?
Why organisations must always disclose additional costs?
y must organisations always disclose additional costs?
What type of estate software might an agent use?
Most estate agent companies will have a favored software which all their employers will use. The software must be able to list properties, availability, interest and book viewings. The software must update regularly to ensure clients are aware of availability and price.
How do you become a real state agent?
The beginning stair is that each real estate broker must choose to get a genuine estate agent include a state approved school or course of study. You perform it without a genuine estate agent cannot. This real estate you need to conduct the exam. The division or classes cost money, only you get sponsored by a local Realtor to be able to act for you by their interest can serve.
When do you get to get a house in RuneScape?
Whenever you want to. Talk to an estate agent - there are estate agents in Varrock, Ardougne, Falador, and Seer's Village - and pay a small amount to get your house. You must be a member.
What is involved in becoming a real estate agent?
To become a Real Estate agent you take the course at a college and then get your license. You must have completed hight school too. Also working a real estate office could give you some experience. Becoming a real estate agent requires proper education and training with the help of accredited training and education provider - which can also be take online. You can actually check for the requirements of your state for those interested in taking a license for real estate.
