0
The common practice of recording real estate transactions with an official recorder or registrar began in colonial Massachusetts
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How long does a real estate broker keep transaction records in Texas?
Not sure but broker may keep records for a week. Improve answer ... How long does a real estate brokerneed to keep real estate transactions in Texas? The answer is three years.
Who pays recording fees in a real estate transaction?
That issue can be negotiated. Both Buyers and Sellers may pay recording fees but buyers often pay those fees. The practices vary from state to state.
How long does a real estate broker keep transaction records in California?
The California Business and Professions Code Section 10148 dictates that a real estate broker must retain all records of transactions for three years, starting from either the closing date of the transaction, or from the listing date if the transaction is not completed.
What is meant by 'bookkeeping'?
The National Bookkeepers Association (NBA), www.nationalba.org, defines bookkeeping as the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper. There are some common methods of bookkeeping such as the Single-entry bookkeeping system and the Double-entry bookkeeping system. But while these systems may be seen as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process. Public bookkeeping is the recording of financial transactions for multiple individuals or organizations (clients). For more information on public bookkeeping, go to www.nacpb.org.
What is the purpose of recording a deed?
So there is legal documentation of ownership of property (real estate, vehicles, boats, etc.) and the documentation is in a safe place where it cannot be lost or altered fraudulently.
When were real estate transactions first officially recorded?
The common practice of recording real estate transactions with an official recorder or registrar began in colonial Massachusetts
How lond does a real estate broker need to keep real estate transactions in Texas?
3 yrs
What does one need to do if they want to make a career out of real estate transactions?
There is an exam that one must take. It is available on the job or as a course. In order to deal with real estate transactions, one must be a qualified real estate professionals.
Why do real estate companies need their own attorneys?
Real estate companies have their own attorneys for completing real estate transactions. At real estate closings, both parties are required to have an attorney present.
What does EU stand for in Real Estate transactions?
Et Uxor ...and wife
How do you find real estate transactions in Alabama?
The county court registers the transfers of real property.
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.
Does recision law apply to real estate?
The 3 day right of recsission apply to refinance transactions but not purchase transactions. info@mdecapital.com
How long does a real estate broker keep transaction records in Texas?
Not sure but broker may keep records for a week. Improve answer ... How long does a real estate brokerneed to keep real estate transactions in Texas? The answer is three years.
Is there a difference between a probate lawyer and a real estate lawyer?
Yes. A probate lawyer handles estates. A real estate lawyer handles transactions that involve real estate. Those specialities are often combined in a law practice.
Is there such a thing as a STRAWMAN?
A strawman is a legal fiction. It is not a real person, but a fake entity used in some real estate transactions.
Does Article 2 of the UCC governs real estate contracts?
No. It governs transactions dealing with movable property (goods), common law deals with real estate and personal service contracts.
