0
What else can I help you with?
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.
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.
Can a real estate transaction be enfoceable in oral form?
No, if you mean in the US. American law is based on the English Common Law, which includes the Statute of Frauds. This statute requires that all contracts for the purchase and sale of real property shall be in writing to be enforceable. An easy way to remember this is the old saying that an oral contract in real estate is worth the paper it is printed on--Zero/Nothing.
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.
Is a verbal agreement legal for real estate in NC?
No. The Statute of Frauds states that real estate contracts must be in writing.
Where can I find a sample real estate contract?
A web search for "sample real estate contract" will return many sites that offer sample real estate contracts. You could also try a real estate investing or real estate sales book at your local book store for more samples. One resource that is often overlooked when looking for sample contracts is a local library. Libraries often have legal resources and may have a sample, and if not, they will likely have real estate books that will have copies of various types of contracts in them.
What is the impact of commonlaw in real estate?
Common law plays a significant role in real estate by providing a framework for property rights, contracts, and liability. It influences how property ownership is determined, how disputes are resolved, and how contracts are interpreted in real estate transactions. Understanding common law principles is essential for navigating the legal aspects of real estate transactions.
What is the grace period in the state of Florida for real estate contracts?
Three days.
Can a residential real estate agent do a commercial transaction?
Yes. It is advised that an attorney draft the contracts so that they are legally binding, but the real estate agent can advise on the deal.
Is there a statute of Fraud limitations with Real Estate MORTGAGE contracts?
Yes, real estate mortgage contracts are typically subject to the Statute of Frauds, which requires certain contracts, including those related to the sale or transfer of real property, to be in writing to be enforceable. This means that oral agreements regarding mortgages are generally not valid. However, the limitations period for enforcing a written mortgage contract varies by jurisdiction, often ranging from 3 to 15 years, depending on local laws. Always consult legal counsel for specific advice regarding your situation.
Do brokers have the authority to charge an additional fee for drafting real estate contracts?
Yes, brokers may have the authority to charge an additional fee for drafting real estate contracts, but this authority can vary depending on the specific agreement between the broker and the client.
Is a oral contract enforceable by law in Arkansas?
Some oral contracts can be enforced. Those dealing with real property or longer than a year need to be in writing.
What does reo stand for?
In real estate, REO is the acronym for 'Real Estate Owned". REO asset management companies help mortgage lenders maintain their foreclosed and abandoned properties so that they are viable for sale.
What has the author Seth G Weissman written?
Seth G. Weissman has written: 'Residential real estate contracts' -- subject(s): Real property, Law and legislation, Vendors and purchasers, Real estate business
