Housing Wire
OCTOBER 9, 2023
According to the Illinois Department of Financial and Professional Regulation (IDFPR)’s Division of Real Estate, there is no “real estate salesperson” or “real estate agent” license in Illinois. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]
The Robert Weiler Company
JANUARY 2, 2021
As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property. Land contracts give the buyer the opportunity to inhabit the property immediately. No legal title. Who legally owns the property for sale?
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Lamacchia Realty
APRIL 4, 2024
When it comes to real property (including a home or land), there are different kinds of ownership that help the courts determine who the executors of an estate sale will be: Sole Ownership – This is when a property is owned by one individual. They will be your best resource for the legalities of an estate sale.
Empire Appraisal Group
JULY 1, 2021
While appraisers can’t discuss comparable properties, Bradley said agents can still provide MLS data sheets with brief explanations of why similar homes are relevant to your listing, such as whether they were built by the same builder, have a remodeled kitchen, or involve other comparable elements.
McKissock
SEPTEMBER 20, 2021
In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. This includes “opinions of real property value or price.”
The Robert Weiler Company
OCTOBER 15, 2021
A full accounting of each service performed on the commercial property, pertaining to maintenance, operation, and repair. A record of insurance information, including existing policies and any pending or previous claims made against the commercial property. A good commercial real estate investment cannot rely solely on trust.
Hood Homes Blog
SEPTEMBER 23, 2019
SELLER’S DISCLOSURE OF PROPERTY CONDITION. (a) Failure to disclose a property condition can easily turn into a legal issue, even long after the closing. Unrelated to the seller’s disclosure are some agent disclosures, not only the Information About Brokerage Services and disclosures regarding agency.
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