0
A real estate appraiser must be unbiased in developing and reporting an opinion of value for real estate. If a real estate appraiser accepts an assignment where the client agrees to pay an appraisal fee based on a percentage of the final appraised value, the appraiser would be in violation of Uniform Standards of Professional Appraisal Practices and the code of ethics of any appraisal organization to which he or she is a member.
What else can I help you with?
How do real estate agents get paid on rentals?
Real estate agents typically get paid on rentals through a commission based on a percentage of the total annual rent. This commission is usually paid by the landlord or property owner.
How do real estate agents get paid for rentals?
Real estate agents typically get paid for rentals through a commission based on a percentage of the total rent amount. This commission is usually paid by the landlord or property owner once a rental agreement is signed.
What are real estate agents paid?
They are paid an agreed upon commission as per the listing contract between the agent and the seller. Buyers and seller are often charged administrative or processing fees to be paid to the brokerage office of their realtor. Real Estate agents are paid a percentage of the commission they collect based on whatever contract they have with the real estate brokerage that employs them.
Do you pay taxes on money inherited from grandfather's estate?
There is no income tax on inherited property. The estate is subject to estate taxes before the property is passed on to heirs though. This depends on the value of the estate at the time the person died. If there is no estate tax problem, you do not have to pay income tax on the property received. However, if you sell any of the property you may have a tax situation on your gains from the property from the value at the date of death until the time you sell the property. You are allowed a stepped up basis in this situation so that your basis is not what your grandfather paid for the property, but the value on the day he died.
What percentage does an executor get paid?
The executor receives a statutory percentage of the assets for performing their duties. They are paid before any bequests are paid. You would need to check your state probate code for the amount allowed in your state.
Is the power of attorney entitled to a percentage of the estate?
A power of attorney has absolutely nothing to do with an estate. All power of attorneys expire on the death of the grantor.
What doctor bills have to be paid by the estate?
Any debts owed by the decedent must be paid by the estate.
Does the executive of an estate get paid?
can executive of an estate do whatever she can?
Who has to pay federal estate tax?
The federal estate tax is paid by the estate of the decedent not by the individual beneficiaries. Of course, each share of the beneficiary will be reduced by the appropriate percentage of interest in the estate when time comes for distribution. So, the money eventually comes out of the pockets of each beneficiary.
Should a claim against a will be paid from estate funds?
That is what the estate funds are for. If the claim is legitimate, it needs to be paid.
What is meant by paid to estate on insurance claims?
The amount due was paid to the legal representative of the estate of the person who died.
How are the profits of a franchise business distributed?
franchisee gets all of it, apart from a small percentage of the revenue which is paid to the franchisor on a weekly, monthly and annual basis
