This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. Hladik serves as Chair of Legal League , and is a Partner at Hladik, Onorato & Federman LLP. Q: What were some of the key accomplishments of Legal League in 2024?
The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; realproperty; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Nettleingham is a shareholder at Maddin Hauser.
This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Moreover, appraisers must conduct each of the four tests on the realproperty as if vacant , and as improved. This requires a little detective work.
Code of ethics changes In addition to voting on membership dues, NAR’s board of directors also voted to amend Article 4 of the trade group’s code of ethics, in an attempt to clarify Realtors’ obligations when they have ownership interest in a property. represent themselves 2. represent a member of their immediate family 3.
When you’re about to buy your first realproperty outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This is especially the case if your goal is to break into real estate. I always appreciate Jessica’s articles!
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a realproperty appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?
So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Hello, friends!
Consequently, they are not likely to disclose any negative information about their property that they do not legally have to disclose. So, while it may be true that the property value is diminished in the eyes of the homeowner, it’s probably not in the eyes of most buyers. is it depends. Click here to visit their website.
This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Disclaimer: The above information is intended for information purposes alone and is not intended as legal advice. The Little Guys exception to the more detailed requirements was limited in Civil Code 2924.15
Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. In-person or virtual classroom via livestream Broker Renewal Package: Required 30 hrs of coursework.
HIGHEST AND BEST USE Appraisers also must determine the Highest and Best Use of a property. We must determine if the current use is legally permissible. Therefore, we must find out what the property is zoned and then read the ordinances and consider market trends, and even future changes to zoning in order to make this determination.
Introduction Life events such as divorce and the settlement of an estate can be emotionally challenging and legally complex. During these times, the division of assets becomes a crucial element of the process, and this often includes real estate. This helps both parties move forward with a clear understanding of their assets.
What’s more, Illinois has reciprocity agreements with nine other states, making it an excellent location for starting an exciting, new career in real estate. There are certain differences between being a real estate professional in Illinois and other states, which we’ll look at in this article.
Steps to become a supervisory appraiser Step 1: Meet the requirements Make sure you meet the minimum supervisory appraiser requirements outlined in The Appraisal Foundation’s RealProperty Appraiser Qualification Criteria as well as any additional state requirements that may apply.
To help you out, we’ve put together an overview of Articles 1–13, as well as links to helpful case examples. 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. Overview of NAR Code of Ethics: Articles 1–13.
To estimate the realproperty value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership. For real estate tax assessment purposes. To establish value of the realproperty in a bankruptcy filing.
Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.
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. Among the rights that come with realproperty ownership is the right to exclude others. They erected signs prohibiting public access.
Appraisers are often subpoenaed in legal disputes involving third parties, usually being tied to the dispute for no other reason than having appraised a property involved in the dispute. To read more, click here My comments: This is an excellent article on this topic. They gave me many of the tips in my article.
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?
I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. At the center lies this crucial inquiry: Are only essential requirements included in the RealProperty Appraiser Qualification Criteria? After graduation, I worked in labs for 7 years.
To minimize or defer the tax bill when selling investment real estate, investors commonly use what’s known as a 1031 or Like Kind Exchange. 1031 ), which defines the conditions for tax deferral on the sale of real estate. In other words, a DST is a company set up for the purposes of acquiring a specific property.
While there are many online real estate cla in Ohio to choose from, it’s important to find a program that’s aligned with your budget, schedule, timeline, and goals, and that lay the foundation for a successful real estate career.
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible, physically possible, financially feasible, and maximally productive. This article is an excellent reminder.
Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a realproperty, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Read this article!!! I recognized many of the names in the article.
This movement of individuals, teams, branches, divisions and even companies occurs against the backdrop of legal issues that—if ignored or mishandled—can quickly undermine any anticipated benefits, particularly given the increasingly narrow margins for error. Likewise, retention of key talent and executives must be addressed.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content