Housing Wire

MARCH 15, 2024

NAR’s legal counsel approved the settlement agreement early Friday morning. For over a century, NAR has protected and advanced the right to real property ownership in this country, and we remain focused on delivering on that core mission.” The story was first reported by the New York Times. It has yet to be filed in court.

Legal 540

Legal Agents Realtors Real Property 540

Appraisal Buzz

FEBRUARY 17, 2025

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 requires a little detective work.

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Legal Appraisal Easement Valuation 243

Housing Wire

NOVEMBER 9, 2020

The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. All states — except Illinois and New York — have legalized electronic transactions, signatures and notarizations by enacting the Uniform Electronic Transactions Act (UETA).

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Law Legal Technology Real Estate 468

Housing Wire

SEPTEMBER 13, 2023

The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice. Unsurprisingly, housing is NAR’s most lobbied category over the last 25 years, according to OpenSecrets.

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Realtors Insurance Legal Real Estate 418

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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Law Real Estate Real Property Contracts 431

Housing Wire

MAY 10, 2024

In selling property they own, or in which they have any interest, Realtors shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative.” represent an entity in which the REALTOR(R) or member of their immediate family has a legal interest.” represent themselves 2.

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Realtors Finance Agents Legal 397

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.

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Valuation Appraisal Contracts Legal 360

Appraisal Buzz

AUGUST 7, 2024

Although deed fraud can include a variety of real estate-related crimes, most schemes involve the impersonation of a property owner and the recording of fake or forged documents in local land records. These crimes result in legal costs, reduction in equity or property value and even property loss.

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Law Real Estate Government Realtors 397

Appraisal Buzz

FEBRUARY 3, 2025

Tax liens may be imposed for the purpose of collecting delinquent taxes which are owed on real property or personal property, or it may be imposed as a result of a failure to pay income taxes, or as a result of a failure to pay other taxes.

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Marketing Agents Realty Real Estate 221

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property 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?

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Appraisal Market Value Legal Property Appraisal 358

Cleveland Appraisal Blog

JUNE 23, 2023

Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Before you purchase anything, consider the legal implications, including property taxes, zoning laws, environmental regulations, and permits required for your intended use. What are the local regulations?

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Property Taxes Legal Law Property Appraisal 196

The Robert Weiler Company

SEPTEMBER 18, 2020

Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform real property management – you are not alone. Maintaining and running a property can quickly become overwhelming. If so, they may be signs that you need help from an on-site property manager for hire!

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Property Management Real Property Tenants Legal 78

Appraisal Buzz

FEBRUARY 10, 2025

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 Please consult with counsel before taking any steps in reliance on any of the information contained herein.

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Law Investors Legal Real Property 221

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property 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. Decide on How to Proceed.

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Investing Renovations Landlords Real Estate 337

The Robert Weiler Company

JANUARY 2, 2021

As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property. Land contracts give the buyer the opportunity to inhabit the property immediately. No legal title. Who legally owns the property for sale?

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Contracts Tenants Legal Sellers 143

Appraiserblogs

AUGUST 1, 2022

Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. Are Bifurcated Appraisals Legal in Your State? Who would have thought it?

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Legal Training Property Appraisal Law 114

Appraisal Partners Blog

JANUARY 2, 2025

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.

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Appraisal Legal Valuation Tools 78

McKissock

MARCH 17, 2023

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 Real Property Appraiser Qualification Criteria as well as any additional state requirements that may apply.

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Appraisal Training Property Appraisal Real Property 97

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. It is beneficial and can save time and avoid follow-up questions and scope of work revisions to identify the actual property to be appraised. Value Scenarios.

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Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

MAY 26, 2023

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.

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Appraisal Real Estate Agent Real Estate Valuation 305

Cleveland Appraisal Blog

APRIL 21, 2022

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.

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Market Value Appraisal Agents Real Estate Agent 354

Valuation Review

NOVEMBER 8, 2021

This is in conjunction with policies established by The Appraisal Foundation’s Appraisal Standards Board and the Appraiser Qualifications Board.

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Appraisal Legal Property Appraisal Real Property 60

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

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.

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Real Estate Appraisal Valuation Property Appraisal 137

Town & Country Residential Appraisals

MARCH 27, 2023

Moving it would mean it wasn't attached to a permanent foundation and therefore, is viewed more as personal property and not real property. Additionally, the manufactured home must be a one-unit dwelling that is legally classified as real property and cannot include an accessory dwelling unit.

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Finance Real Property Legal Buyers 56

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]

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Real Estate Agent Real Estate Agents Brokerage 448

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

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Development Sellers Legal Home Value 69

MN Real Estate Services

FEBRUARY 4, 2017

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved. You contact Minnesota Real Estate Appraisal Services LLC in Minnesota and get them to do an Appraisal that both parties can trust.

Real Estate 78

Real Estate Appraisal Real Property Valuation 78

McKissock

FEBRUARY 16, 2021

To estimate the real property 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 real property in a bankruptcy filing.

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Appraisal Tenants Construction Renovations 96

The Colorado Real Estate Blog

AUGUST 31, 2017

Historically, when real property changed ownership, the seller brought the buyer a handful of dirt from the land to symbolize that the title was transferred. Now, instead of dirt, legal documents called deeds are used to convey the title of real property from one person or entity to another.

Real Estate 36

Real Estate Real Property Legal Sellers 36

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. Among the rights that come with real property ownership is the right to exclude others. They erected signs prohibiting public access.

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Appraisal Investors Legal Development 88

Empire Appraisal Group

JULY 1, 2021

While appraisers can’t discuss comparable properties, Bradley said agents can still provide MLS data sheets with brief explanations of why similar homes are relevant to your listing, such as whether they were built by the same builder, have a remodeled kitchen, or involve other comparable elements.

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Agents Appraisal Real Estate Realtors 78

Boston Appraisal

MAY 27, 2019

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. What Is an Estate Appraisal?

Appraisal 78

Appraisal Real Estate Valuation Market Value 78

McKissock

SEPTEMBER 20, 2021

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.” Article 2 requires honest communications regarding a seller’s property. This includes “opinions of real property value or price.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Lamacchia Realty

APRIL 4, 2024

When it comes to real property (including a home or land), there are different kinds of ownership that help the courts determine who the executors of an estate sale will be: Sole Ownership – This is when a property is owned by one individual. They will be your best resource for the legalities of an estate sale.

Tenants 57

Tenants Realtors Legal Real Estate 57

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.

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Investing Real Estate Tenants Investors 138