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]

Real Estate Agent 417

Real Estate Agent Real Estate Agents Brokerage 417

McKissock

SEPTEMBER 20, 2021

Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. 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.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

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.

Investing 138

Investing Real Estate Tenants Investors 138

McKissock

JUNE 21, 2022

Making a very long story short, an enterprising individual investor discovered the gap and legally acquired that 8-foot strip between the lots and the water’s edge. Appraisers should familiarize themselves with their state laws regarding water frontage and related rights, as they can vary from state to state.

Appraisal 88

Appraisal Investors Legal Development 88

The Robert Weiler Company

SEPTEMBER 30, 2020

It isn’t clear who owns the appraised property. City or federally owned property is being evaluated. The physical, legal, or economic descriptions of the property are in question. Further, a property appraisal reviewer should have experience with the type of property that the professional is reviewing.

Real Estate 137

Real Estate Appraisal Property Appraisal Valuation 137

Will Springer Realtor

AUGUST 2, 2022

COVENANTS, CONDITIONS & REGULATIONS: Better known as CC&Rs , they are a declaration of rules and restrictions on property owners – typically seen within a shared living community such as a condominium. EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose.

Easement 36

Easement Sellers Legal Buyers 36

Town & Country Residential Appraisals

JULY 25, 2022

The portion of the process that no one sees, is the market data analyzing, the report writing and the overall analysis of the property in relation to value. Most states have very defined laws as to whether or not a trainee can be at a property without their supervisor.

Real Estate 58

Real Estate Training Appraisal Legal 58

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. What is an appraiser expected to analyze and give an opinion on?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

NOVEMBER 30, 2023

Features Lessons by Topics Outlined in Candidate Handbook, Real-time Dashboards, Dynamic Practice Exams & Review of Results. Post-license CE $209 20-Hour Post-Licensing Course: Covers Current Laws, Steps to Business Success & Fiduciary Duties. Athens Campus location. Meeting times will be arranged by the instructor.

Real Estate 418

Real Estate Real Estate Agent Law Inspection 418

Hood Homes Blog

SEPTEMBER 23, 2019

The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! Texas Seller’s Disclosure Law. The Seller’s Disclosure is required under Texas State law. SELLER’S DISCLOSURE OF PROPERTY CONDITION.

Inspection 54

Inspection Sellers Agents Law 54

Appraisal Today

SEPTEMBER 9, 2022

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Estate/trust appraisal liability advice from Peter Christensen. Excerpts: 2.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52