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What Are Real Estate Notes

Details: A real estate note is created when two parties reach an agreement on a transaction that gives one party the capital to purchase a home or other form of property. Whoever is the holder of …

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The Code of Ethics for Real Estate Home Guides SF Gate

Details: The Code of Ethics for Real Estate. "Ethics" refers to customs, values and practices a society or community consider to be morally sound, by which our behavior is measured. Ethics are …

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The Prorating of Real Estate Taxes Home Guides SF Gate

Details: Multiply $500 by six for a total of $3,000 in real estate tax due from the seller. If the closing date is July 31, multiply $500 by seven for a total of $3,500. 5.

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How to Default on a Real Estate Contract Home Guides SF Gate

Details: 1. Sign the contract without reading it. Default of a real estate contract is almost certain when you sign without understanding every term and agreement in the contract. Once a person signs a

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How Do I Check a Real Estate License

Details: Call the agency’s consumer contact number to check a real estate license over the phone. This information should also be available from the agencies' websites. For example, the California …

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What Makes a Real Estate Contract Legally Binding

Details: The real estate contract becomes legally binding only after the remaining party or parties accepts the first party’s offer. If the second party does not agree to all the terms, the contract is

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The Advantages & Disadvantages of Investing in Real Estate

Details: Investing in real estate has its disadvantages. Lending institutions are very careful about whom they lend to, often requiring a 20 percent or more down payment. Sometimes finding a loan for

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What Is a Real Estate Quit Claim Deed

Details: What Is a Real Estate Quit Claim Deed?. A legal instrument used for the conveyance of real property is a deed. There are several basic types of deeds, one of which is the quitclaim deed. …

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"Do Not Call" Rules for Real Estate Agents

Details: Realtors need to constantly think of new and creative ways to market for leads. Without new leads of people who want to buy or sell houses, their business will suffer. One of the most …

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How to Search for a House by MLS Home Guides SF Gate

Details: Only real estate agents belonging to their local board of realtors have access to the local MLS. Many boards offer cross-county and even state-wide listings and share listing data. …

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How Do I Buy Real Estate in a SEP IRA

Details: To purchase real estate in a SEP, you use a one-person, self-directed SEP with a custodian that is a property manager or who can hire one. The custodian closes on the property using funds …

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What Is a 10/31 Exchange in Real Estate

Details: What Is a 10/31 Exchange in Real Estate? Sometimes called a Starker exchange, the 1031 tax deferred exchange is a tool that real estate investors can use to trade properties without …

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Explanation of a Quick Deed Home Guides SF Gate

Details: Two common types of instruments used to convey interests in real estate are the quick deed and the warranty deed, according to "Practical Real Estate Law" by Daniel F. Hinkel. The quick …

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The Tax Advantages for Creating a Trust for Real Estate

Details: The trust allows up to a $5.6 million estate and gift tax exemption per person, while a married couple gets $11.2 million in the exemption. For example, a widow with $1.2 million in savings

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What Is Ground Rent in Real Estate

Details: By Andrew Latham. Ground rent is an agreement between a landlord and a tenant, where a tenant pays for the right of using a plot of land. With ground rent, the tenant owns the property …

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How Do I Calculate Real Estate Taxes Using the Millage Rate

Details: Millage rates are typically expressed in "mills," with each '"mil" acting as 1/1000 of $1,000 of property value, or $1 total. So, if the millage rate for a property is 7 mills, this implies that

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What Is a Back Up Real Estate Contract

Details: Real estate purchase agreements, while differing by state, become contracts when an offer is made and accepted by both the seller and buyer. In this instance, signatures of all parties to …

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What Does Parcel Number Mean

Details: Parcel vs. Lot of Land. According to Ascent Land Records, a parcel number is a sequence of numbers and/or letters mapping a real estate tax parcel to a legal description of a property or …

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What Is Property Liquidation

Details: What Is Property Liquidation?. Property comes in two general classes: real property and personal property. Both can be liquidated or sold off. Property in general is frequently looked at as an

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