0
Real property is conveyed when the owner signs a deed and hands the deed over to the grantee. This is technically distinguished from real property being "sold". A property is "sold" when the contract of sale is signed and becomes effective. It is conveyed when the deed is delivered to the grantee. In order to be effective against the world the deed must be recorded.
Clarification
However, if the sale is never completed by the execution of a deed, one cannot say the property was sold. Many, many property "sales" fall through due to contingencies and unexpected circumstances so the "distinction" made above is not the operative factor in the transfer of property.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How do you become a real estate analyst?
Real estate analysts typically work full time 40 hours a week. Also, A real estate analyst reports on market trends, economic conditions, and projections. If you are interested in: Real Estate Aubin Grove? Visit Us now!
How long is real estate course in Texas?
The fastest way to finish your real estate course is through online real estate schools. Texas Real Estate Commission (TREC) requires 210 hours of real estate education for you to be a licensed real estate agent. If you have college credit then all you need is 150 hours of real estate education. I have attached some useful reference that you can check out if you want to pursue a career in real estate.
Does Cuba have real estate agents?
Yes, there are real estate agents in Cuba. But purchasing or selling real estate in Cuba can be complicated due to the rules and procedures involved. Contact Remaxstar Estate Agents Ilford at estateagentsilford.co.uk for assistance with real estate transactions in Ilford, United Kingdom.
Do you have any real estate courses?
No. Answers.com does not offer real estate courses.
When was GMAC Real Estate created?
GMAC Real Estate was created in 1998.
How do you convey their interest?
Interest in real estate is conveyed by a deed.
What takes precedence - a will or life estate deed for real property?
Your question does not contain enough detail. You can add more details on the discussion page. If a person conveyed their real property by deed while living then the property cannot become part of their estate after their death. If they granted a life estate, that person owns the life estate for the duration of their natural life.
How to record ownership in trust?
Land is conveyed to a trust by virtue of a deed that transfers the title to the land to the trustee(s) of the trust. In some jurisdictions a trust that holds title to real estate must be recorded in the land records. In some jurisdictions the only evidence of the trust required is a certificate at the time of a conveyance by the trustee that the trust is in effect and that the trustee has the authority to convey the real estate. The trustee holds legal title to any real estate conveyed to the trust. Therefore any property conveyed to the trust should be granted as follows: to Sheila McCarthy as the Trustee of the Rexford Realty Trust under a Declaration of Trust dated June 6, 2008.
How does a life estate deed supersede a will?
If a person was granted a life estate in property and then the owner dies, the property remains subject to the life estate. Even if the decedent leaves the property to a different beneficiary in the will, the property passes subject to the life estate.
In a life estate does the owner of real property still own the property if he has quit claimed the property to the remaindermen?
No. If the person who owned the land granted a life estate and conveyed the fee to the remaindermen then that person has transferred all her interest in the property. She no longer owns it.
How does a real estate trust work?
An investor(s) who wants to acquire real property for income or investment purposes arranges for the drafting of a realty trust by an attorney who specializes in real estate and trust law. The property is then conveyed by deed to the trustee of the trust who then manages the property according to the provisions in the trust. The trust protects the property from the creditors of the individuals who created the trust and from their heirs at law. Property in a trust is not included in a decedent's estate.
What has the author Ernie Jowsey written?
Ernie Jowsey has written: 'Real estate economics' -- subject(s): Real estate development, Residential real estate, Commercial real estate, Real estate investment, Real estate business
Does a quit claim deed super-cede a will in NY?
Yes. If the decedent conveyed real property by deed before they died then the property was not included in their estate at the time of death because they no longer owned it.
What are my rights as a secondary heir in my father's estate if his real estate goes into foreclosure?
The banks claim is superior to yours because your father conveyed the property to the bank when he granted the mortgage. You would be entitled to any surplus after the bank deducts its debt, costs and expenses of foreclosure.
What does a real estate accountant do?
A real estate accountant manages all accounting processes for a real estate team. Bottrell Real Estate work with real estate businesses to help them grow and succeed.
What is another word for conveys?
transporttransmitimpartcarryAnother AnswerIn the Real Estate category, another word for conveyed is sold, granted (gifted), [otherwise transferred].
Where can one get real estate views?
One can get real estate views from the following websites: "Real Estate View", "The Star", "Real Estate One", "Homes and Land", "Real Estate Book", "Realtor" to name a few.
