0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can anyone with a brokers license close a real estate transaction?
Usually a title company or a lending institution do this. That is because there are laws regarding funds held in escrow, not to mention the fine points of the law regarding the transaction, that most do not know.
When is a real estate agent due a commission?
Imediately after the close of escrow
Are you likely to get sued if you do not close on a real estate transaction?
Congrats the answer is NO:)
What is CC in real estate terms?
Closing Cost! These are fees that you incur when you close escrow on Real property
Which states require real estate surveys?
States that typically require real estate surveys include Alabama, Georgia, Mississippi, and Texas. However, requirements can vary by county and municipality within each state, so it's always best to check with local authorities to determine if a survey is needed for a specific real estate transaction.
What is close of escrow?
confirmed letter of credit
How long will it take to close escrow?
It takes 35-45 days.
When the property is sold how long in escrow?
It largely depends on the terms of the sale. An all cash transaction is the fastest, since it narrows things down to the survey and other title company requirements to close. If there is a loan involved, the transaction doubles in complexity with the addition of the lender. Both can take six weeks or so, depending on how responsive the buyer is to the needs of the lender, the availability of an appraiser and so on.
What is ogba ijaiye low cost housing estate pen cinema?
This is a housing estate close to the borders of Lagos and Ogun states in Nigeria. It is pretty well laid out and some of the properties in the estate are pretty decent.
When closing a real estate deal what will the real estate broker do with the deposit?
The earnest money deposit is held in an escrow account until the closing takes place. At closing the earnest money is either credited to your side to add to your down payment or it can be credited back to you in the form of a check. If your deal does not close there are different rules in each state as to how the earnest money will be handled.
When can you close your fathers estate account and keep the money as an heir?
when can you close my fathers estate account and keep the money.
When are the closing costs due?
Usually your closing costs are put in an escrow account and paid shortly after the close of sale.
