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Real property is subject to reversion if there was reversionary language in the deed or will that transferred the title.

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16y ago

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How do you satisfy reversionary clause?

A reversionary clause provides that the grantee must fulfill some obligation or restriction or the property reverts back to the former owner. To 'satisfy' the reversionary clause you fulfill the obligation


real estate?

Real estate refers to property that consists of land and any permanent structures on it, including natural resources like crops, minerals, and water. It is a form of real property distinct from personal property, which includes movable items like vehicles and furniture. Real estate is broadly categorized into four main types: residential, commercial, industrial, and raw land. Residential real estate encompasses homes and living spaces such as single-family houses, condominiums, and apartments. Commercial real estate includes buildings used for business purposes, like offices, shopping centers, and hotels. Industrial real estate involves properties used for manufacturing and warehousing. Raw land refers to undeveloped property. Real estate is a significant economic sector and often represents the largest financial asset individuals own. Its value tends to appreciate over time, making it not only essential for housing but also a lucrative investment opportunity


What has the author Ernie Jowsey written?

Ernie Jowsey has written: 'Real estate economics' -- subject(s): Real estate development, Residential real estate, Commercial real estate, Real estate investment, Real estate business


Can a life estate interest be sold?

A life estate is canceled by the death of the life estate holder or by a written instrument signed by the holder that surrenders their rights in the property. In Massachusetts the life estate holder signs a deed to release their rights. In cases where the original grant contained reversionary language and the conditions have been violated the life estate would be extinguished. In that case a written notice to that effect would need to be recorded to clear the title to the property. If a reversionary clause is used in the grant you should also set forth in the grant how the life estate will be terminated if the conditions are violated.


What is reversionary intereset?

A reversionary interest is a future interest in property that a grantor retains after transferring a lesser interest to another party. When the lesser interest ends, the property automatically reverts back to the grantor or their heirs. This legal concept ensures that the original owner can regain control of the property after the specified condition or period expires. It is commonly used in estate planning and property law.


What is NIREM?

NIREM is the short form of IDS National Institute of Real Estate Management which is a management institute. It offers educational programs and courses in different areas of real estate such as real estate management, real estate marketing, real estate sales, real estate finance, real estate investment, real estate appraisal etc at the levels of PG Diploma and Diploma. It also offers certificate in real estate management. Apart from the above, NIREM also conducts management development programs in real estate. probably the first institute in India that offers real estate education.


What do you call someone who sells real estate?

A person who sells real estate is called a real estate agent or real estate agent. These professionals are licensed to facilitate the purchase and sale of real estate. Real estate agents play a critical role in the transaction process by helping clients navigate complex markets, negotiate deals, and ensure regulatory compliance. They often work for real estate agencies and earn commissions based on successful real estate transactions. Their expertise and knowledge of the local market make them valuable partners for individuals looking to buy or sell real estate.


Do you have to pass a real estate test in Virginia to sale realestate in Virginia?

If you want to deal with real estate business you must have real estate license. In order to get real estate license you need to pass a real estate exam in Virginia. You need to complete minimum 60 hours in the principles of real estate. You must have to pass the state & national portions of the real estate exams. You need to know all the fundamentals & real estate laws. After getting you real estate license you can join any commercial real estate firm or property management company to deal with commercial real estate property or residential real estate property. All the Best. www.flaglerdev.com


What is Reversionary Bonus in Life Insurance?

Reversionary Bonus Means, Life insurance company will declare bonus every year fo the Traditional and Endownment policies. It based upon company profit by that particular type of products. And reversionary bonus wil increase gradually for every year.


Where can one find Scottsdale Arizona real estate?

One can find Scottsdale, Arizona real estate from real estate agents in Arizona and online real estate agents with search capabilities. some real estate agents are Trulia, Realtor, Scottsdale Homes and Scottsdale Real Estate. Real estate can also be found in local and national newspapers.


What has the author Alvin L Arnold written?

Alvin L. Arnold has written: 'The Arnold encyclopedia of real estate' -- subject(s): Dictionaries, Real estate business 'Modern real estate and mortgage forms' -- subject(s): Forms, Real property, Mortgages, Leases, Vendors and purchasers, Real estate investment 'Modern Real Estate and Mortgage Forms Checklists' 'Real estate transactions: Structure and analysis' 'Checklists' -- subject(s): Real property, Law and legislation, Real estate investment 'Real estate investor's deskbook' 'Real estate law digest' 'Tax shelter in real estate today' -- subject(s): Real property and taxation, Law and legislation, Tax shelters 'Real estate investor's deskbook 1995 supplement' 'Modern real estate' -- subject(s): Real estate business


What are the real estate agencies operating in the Bozeman Montana area?

Some real estate agencies found in the Bozeman, Montanta area are Bozeman Real Estate, ERA Landmark Real Estate, and Coldwell Banker RCI Real Estate.