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What does ER means in relation to real estate?
ER usually refers to an "Exclusive Right" to sell. This means the Seller has agreed to give the agent the right to sell his property and in turn the agent will represent the Seller, market the property and perform his professional duties. What ER means for the Seller is that no matter WHO buys the property, even a cousin of the Seller--the Seller will owe the commission to the agent during the course of the listing agreement. This is commonly the only type of listing used in most states. One exception to this is in New York City.
What is the difference between real estate and real property?
Real Estate: This is the land and anything built on it, like houses or buildings. Real Property: This includes the land and buildings (real estate) plus the legal rights that come with owning it, like the ability to sell, rent, or use it.
You have 1 share of southern states stock what is it worth?
what is one share of southern states stock worth
Why do business share prices fall?
It has more of a human psychology involved rather than any other business situation. But yes, sometimes it does relate to the way business is going ahead. But company has nothing to do with its shares market prize. Share are basically a toy of some people who want to play with fortunes and money. One person makes other a fool. Company has nothing to do with its (share) market prize. If the company closes, the person holding the share will not get market prize for the share. Company will just pay the face value of share. This is what makes people sell the shares they own at whatever prize the share has currently, else they will end up getting just the face value by the company.
What are the 5 economic freedoms?
None. Zero. This is a myth of America. Freedom aka privilege would be the proper term. Freedom is an illusion dressed up to look as though one rights and the pursuit of happiness and all this gibberish.
Can 1 heir sell property out of five in Ohio?
Yes, in Ohio, if there are multiple heirs to a property, one heir can sell their share without the consent of the other heirs. Each co-owner has the right to sell or transfer their interest in the property without approval from the other co-owners.
What are my rights if I am a heir and a successor trustee to my mothers estate when the one heir want to quit deed and the other heir want to sell the family property?
quit claim deed prevails
Can someone force the sale of a house left in a Will?
Yes, if one heir wants to sell and the other doesn't, the other must buy out the first heir or that heir can file a petition to sell the property in the probate court. See related question link.
What if the executor does not want to sell a house in the will?
There is no problem if the debts of the estate have been paid and the executor is the sole heir. However, if there are other heirs who want to sell the property and take their share of the proceeds the executor must buy out the interests of the other heirs. Otherwise, the heirs are entitled to a sale of the property and can file a petition for partition if the executor will not act.
One heir refuses to sign papework for sale of property There is now will. What can be done to get the signature. Texas?
The executor should petition the court for the right to sell the property.
Can one heir force three heirs to sell property if they want to keep it?
In most cases, one heir cannot force three other heirs to sell a property if they want to keep it, unless specified in a legal document or through a court order. All heirs typically have equal rights to the property and must come to an agreement on its disposition. If an agreement cannot be reached, a mediator or legal action may be needed to resolve the issue.
How can one heir receive the benefit of joint tenant survivorship and not have to share the property with other heirs?
Real property must be acquired by a deed as joint tenantswith the right of survivorship in order for one to have the other's interest in the case of death. Property held as joint tenants does not become a part of an owner's estate. Their interest passes directly to the surviving joint tenant.Therefore, if the one 'heir' owned property with the decedent as a joint tenant, then full ownership automatically passed to that one heir at the moment of death. They do not have to share that particular property because as soon as the decedent died the remaining joint tenant owned the property free and clear.
What is the process to transfer title of a home to one of five heirs?
The estate deeds it to the heir. If the other heirs have rights in the property, they need to be paid for their share of the property, either by compensation from the estate (if the total estate is worth 5 times the value of the property) or the person getting the deed pays them off for their share of it.
Who pays taxes on undivided heir property?
In cases of undivided heir property, all co-owners are typically responsible for paying taxes on the property, regardless of their individual share. The tax burden is often proportionate to each owner's interest in the property, but any one owner may pay the entire tax bill to avoid penalties. It's advisable for co-owners to establish an agreement on how to share the tax responsibilities to prevent disputes and ensure compliance.
If one heir of 6 is purchasing the property from the other 5 heirs and each is to get a percentage from the sale does the heir that is buying the property still gets his or her share?
The one heir would already own a 1/6 interest. Therefore they would only pay 5/6 of the fair market value of the house for the other five shares. They would need a deed signed by the other five heirs
If you have a 40 percent share of a house which was left in a will but the person with the 60 percent share wont sell the house to release money what options are there?
First you have to consult an assessor of the whole property and offer to sell the 40% to the one who owns the 60% and if he refuses to buy donate your property to charity
In Pennyslvania can one heir mortgage heir property without other heirs agreement?
A single heir can only mortgage their interest in the property. For example, an heir with three other heirs only owns a 1/4 interest. Most lenders will not loan money on a proportionate interest in real property.
