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Rent-to-Own is a form of rental agreement which can mature into a purchase agreement. The tenant agrees to rent a property at a rate per month for a specific term. At the end of the term, the tenant will be given the right, but not obligation, to purchase the property at an agreed upon price. The amount of rental paid during the lease term will then be applied toward the purchase price of the property.
What else can I help you with?
If you're licensed to sell real estate in one state, can you practice in other states?
No, you cannot sell real estate in a state you are not licensed in. Each state has their own laws and guidelines for selling real estate.
Do you need a real estate license to sell your own timeshares in Missouri?
It is always legal for you to sell your own property. You only need a real estate license to sell other people's property on their behalf.
Does Jimmy Swaggart own real estate?
Yes, Jimmy Swaggart, the prominent televangelist and pastor, owns real estate, including properties associated with his ministry, the Family Worship Center in Baton Rouge, Louisiana. He has also been reported to own a personal residence and other properties. The specifics of his real estate holdings can vary over time, but he is known to have significant investments in real estate connected to his religious activities.
How can you act as your own real estate agent without a broker?
If a person has an active real estate license, they also have a broker. Having a real estate license without placing it with a brokerage means the license is inactive. In selling his/her home, a person with an inactive license would have to disclose having a real estate license, and then do a For Sale By Owner. A person with no real estate license can sell a home as a FSBO.
What are people called when they own and sell land?
Real-estate agents, most likely.
Where can I find a rent to own home in florida?
You can check out Florida real estate listings online, such as www.jscinvestments.com/avail_fl.asp or www.rentalads.com/rent-to-own/Florida
How can I find a rent to own 2 bedroom house?
You can find a rent-to-own 2 bedroom house by searching online real estate listings, contacting local real estate agents, and exploring rent-to-own websites. Be sure to carefully review the terms of the agreement and seek legal advice if needed.
Can a licensed real estate agent rent out a house that they personally own?
Yes. Agents are not prohibited from renting out property they own.
Does the newspaper have a section of rent to own houses in my area?
Local newspapers will have housing sections in the classified ads. These will include properties available for rent and sale. In some areas there may be a separate section for rent to own homes. However, you may need to scan the regular rentals section or even the for sale section to find rent to own properties.
How do you rent out your own house?
You can rent out a room or part of the house, or you can rent the entire house. Either way you can run an ad or listing with a real estate or rental management office.
What does real estate taxes mean?
The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.
Do you need a real estae license to rent out Home or apartment in IL IA?
In Illinois, you do not need a real estate license to rent out your own home or apartment. However, if you are managing properties on behalf of others, you must have a real estate broker's license. In Iowa, similar rules apply; you can rent out your own property without a license, but property management for others requires licensing. Always check local regulations, as they may vary.
Can you rent a car or house under the rent for lease option?
In the case of a car, yes you can. Most car lots will allow you to rent to own a vehicle. In the case of a house, it depends on where you live. Most places do not offer a rent-to-own option. You either rent, or you own. However, things may be different in your area. Talk to a real estate agent.
Why do real estate companies need their own attorneys?
Real estate companies have their own attorneys for completing real estate transactions. At real estate closings, both parties are required to have an attorney present.
Do most people own or rent in Australia?
In Australia, the preference is generally to own real estate, but quite often this is only possible by taking out a large mortgage with a bank or similar. This of course is a type of rental because an "owner" is "renting" the capital needed to make the real estate purchase.
Where would I find information on paying housing rent?
I would refer to my real estate provider on payment procedures and I would also gather information from friends and family for their own experiences on paying the monthly rent.
Do I need a real estate license to buy my own house?
No, you do not need a real estate license to buy your own house.
