Real estate property holds with it specific rights. These legal rights can be split up and given to different parties and are called the bundle of rights. What is the Bundle of Rights? Definition: When a person purchases property, he …
Government powers within the world of real estate can be complex. In short, government powers enforce laws to promote the general welfare of the United States and its people. What is Government Power? Definition: Government power is the constitutional authority …
When you and your clients are searching the market for new homes, often you’ll run across properties in different states of activity. A contingent property simply means an offer for the property has been accepted by the seller. They are …
The short answer is, “it depends.”Not all real estate agents earn the same amount of money. For starters, real estate agents enter the profession for many different reasons. Some become a real estate agent for the money, some for the …
A lien gives someone else a right to something you own. Liens are something not often talked about, although they should be. Liens can make your life a huge mess! Or, in some instances, be a lifesaver. In short, a …
A less than freehold estate (also known as a leasehold estate) is an estate held by one who rents or leases property. The key difference between a leasehold estate and a freehold estate is the limitation of time. As lease …