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Real Estate Buying and Selling

In buying or selling real estate, parties usually enter into an earnest money agreement, which sets out the price of the land, and describes the property and other conditions. The parties are legally bound to follow the conditions in the agreement.

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What is the role of CFO?

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The CFO plays a critical role in overseeing a company's financial health, including budgeting, forecasting, and risk management. For expert financial guidance and support, contact StartupFino at +91 829-829-1011

Which states require real estate surveys?

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States that typically require real estate surveys include Alabama, Georgia, Mississippi, and Texas. However, requirements can vary by county and municipality within each state, so it's always best to check with local authorities to determine if a survey is needed for a specific real estate transaction.

What is a gore of land?

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A gore of land is a triangular piece of land typically located at the intersection of two or more properties or roads. It is often an irregular or leftover piece of land that does not fit neatly into a standard parcel shape. Gores are commonly found in surveying and property boundary situations.

What are the dimensions of a quarter of land?

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A quarter of land in the United States is typically 160 acres, which measures approximately 1,320 feet by 2,640 feet. This area is equivalent to one-fourth of a square mile.

How much was the largest land deal in history?

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The two that come to mind are: The 1867 acquisition by the United States from Russia of 586,412 square miles of land at the northwestern tip of the North American continent now known as Alaska for $7,200,000 The Louisiana Purchase by the United States of America of 828,800 square miles of the French territory in 1803 for $11,250,000 plus cancellation of debts worth $3,750,000 resulting in a total cost of $15 million dollars for the Louisiana territory. However the Roman Empire at its height covered over two million square miles stretching from the Rhine River to Egypt and from Britain to Asia Minor which were acquired through conquest.

What are the largest counties by area in the Unites States?

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The largest counties by area in the United States are San Bernardino County in California, Coconino County in Arizona, and Nye County in Nevada. These counties are known for their vast landscapes and unique natural features.

How many acres in a quarter section of land?

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One section is equal to one square mile. In one square mile, there are 640 acres, therefore in one quarter of a section of land, there are 160 acres.

What is the average cost of land per acre in Washington township Pennsylvania?

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The average cost of land per acre in Washington Township, Pennsylvania can vary depending on location, zoning regulations, and market conditions. It is recommended to consult with a local real estate agent or appraiser for the most up-to-date and accurate pricing information.

How big is a section of land in miles?

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1 mile squared or (5280' x 5280') / 43560 sq.ft. = 640 acres. One Section is the 640 acres as figured above.

How do psychographics affect the purchase of real estate?

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Psychographics such as lifestyle, values, interests, and attitudes can influence individuals' preferences and priorities when searching for real estate. For example, individuals concerned about sustainability may prioritize eco-friendly features in a property. Understanding buyers' psychographics allows real estate professionals to tailor marketing approaches and property selections to better meet their needs and desires.

What sort of accommodation would you like to live?

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I would prefer to live in a comfortable and safe accommodation that is close to essential amenities like grocery stores and public transportation. It should also have a peaceful environment that allows me to relax and unwind after a long day.

Can a felon get a real estate license in Georgia?

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Yes, a felon can still obtain a real estate license in Georgia. The Georgia Real Estate Commission will evaluate each application on a case-by-case basis and consider factors such as the nature of the felony and how much time has passed since the conviction.

When was the California real estate law enacted?

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The first real estate law in California was enacted in 1917 as the Real Estate Securities Law. This law has been updated and amended over the years to regulate real estate transactions and protect buyers and sellers.

What are some of the Provisions of the Real Estate Settlement Procedures Act?

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Some provisions of the Real Estate Settlement Procedures Act (RESPA) include requiring lenders to provide borrowers with a Good Faith Estimate of closing costs, prohibiting kickbacks or referral fees between settlement service providers, and mandating the use of the HUD-1 settlement statement to disclose final closing costs. RESPA aims to ensure transparency and prevent abusive practices in real estate transactions.

Where to find Tennessee real estate laws regarding open notorious exclusive use of land?

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You can find Tennessee real estate laws related to adverse possession, which covers open notorious exclusive use of land, in the Tennessee Code Annotated, Title 28 (Property), Chapter 2 (Estates in Real Property), Part 1 (Estates for Years and at Will) and Part 3 (Estates in Possessory Real Property). Additionally, consulting with a real estate attorney who specializes in Tennessee property law can provide guidance on this matter.

What can a assistant do for a Real Estate Agent within the Real Estate Law?

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An assistant can help a real estate agent by organizing and maintaining transaction documents, coordinating communication with clients and other parties involved in transactions, conducting research on properties, and assisting in the preparation of legal documents required for real estate transactions.

What is the average commercial real estate commission for sales above 30m?

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The average commercial real estate commission for sales above $30 million is typically around 1-3% of the total sales price. However, this can vary depending on the specific terms negotiated between the parties involved and the complexity of the transaction. It's important to consult with a real estate professional for accurate and up-to-date information.

Homes in levittowns were popular because?

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Homes in Levittowns were popular because they were affordable, mass-produced, and offered modern amenities like indoor plumbing and built-in appliances. They also provided a sense of community and promoted suburban living after World War II.

How many people can legally live in a 3 bedroom house?

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The legal occupancy limit for a 3-bedroom house typically depends on local building codes and regulations, as well as factors such as square footage and available amenities. However, a common guideline is to allow two persons per bedroom, meaning a 3-bedroom house could legally accommodate around 6 people.

In the state of Georgia how far back does a Real estate title search go?

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In Georgia, a real estate title search typically goes back at least 50 years to look for any potential issues or claims on the property. However, some title examiners may review records further back to ensure a clear title is being conveyed during a property transaction.

What changes in or to a neighborhood can effect the community?

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Changes such as new developments, transportation improvements, safety enhancements, and community programs can positively impact a neighborhood by increasing property values, fostering a sense of connection among residents, and improving overall quality of life. Conversely, negative changes like increased crime, commercial sprawl, or lack of affordable housing can lead to disinvestment and a decline in community well-being.

What is the average salary for a real estate lawyer?

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The average salary for a real estate lawyer can vary depending on factors such as location, experience, and the specific employer. However, on average, real estate lawyers in the United States earn around $100,000 to $150,000 per year.

How much money do lawyers concentrating in real estate settlements earn?

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Lawyers specializing in real estate settlements can earn a wide range of salaries depending on factors such as experience, location, and firm size. On average, they can earn between $70,000 to $150,000 per year, but this figure can vary greatly.

How do you back a real estate mortgage?

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Backing a real estate mortgage involves using the property as collateral for the loan, securing it until repayment.

Do real estate agents have to use real estate forms approved foms?

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I think real estate agents do need real estate approved forms but for the more reliable information you must consult the concerned authorities.