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stocknshares/iStock Probate is the legal process of sorting and distributing someone’s personal property when they die. The last will and testament is taken into account and executed according to the deceased’s wishes. This often includes real estate, as well as other high-ticket items like cars or valuable jewelry. But what happens when the deceased didn’t bequeath a home to an heir?
The author responds and updates information regarding The Appraisal foundation. Incorporation by reference is the major premise of what Mr. Bagott is writing about and in this update, he is looking at the Texas Railroad Commission. While not specific to the valuation profession it is yet another instance of the public sector grabbing private documents and placing them into regulations and codes.
Why are real estate agents among the top 10 most hated professions? Why is “fluffing” a property ok, but “lying” about a property is an ethics violation… and more importantly, where is the line. We’ve seen 1 bedroom homes “fluffed” into 4 bedrooms, and 0 bath homes “fluffed” into 1 bath homes - BY BROKERS?! Where is the standard? Most home buyers have encountered a “lying listing” — the house for sale that doesn’t even remotely resemble its colorful description in the Multiple Listing Service or
stocknshares/iStock Probate is the legal process of sorting and distributing someone’s personal property when they die. The last will and testament is taken into account and executed according to the deceased’s wishes. This often includes real estate, as well as other high-ticket items like cars or valuable jewelry. But what happens when the deceased didn’t bequeath a home to an heir?
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