Key TakeawaysAn LLC protects a real estate professional's personal assets from claims arising in their business — a client lawsuit,…
Key TakeawaysReal estate disclosure laws require agents to inform buyers of known material defects — failure to disclose is one…
Key TakeawaysA condemned property is one that a local government has declared uninhabitable or unsafe — but this does not…
Key TakeawaysThe chain of title is the recorded history of every owner and document that has affected a property —…
Key TakeawaysThe habendum clause is the “to have and to hold” section of a deed that defines exactly what the…
Key TakeawaysThe agents who consistently stand out do one thing the majority don't: they become the definitive expert on a…
Key TakeawaysAn easement appurtenant runs with the land — it is attached to a dominant estate (benefiting parcel) and a…
Key Takeaways'Pending' means the seller has accepted an offer and both parties are in the contract period — the home…
Key TakeawaysReal estate agents handle sensitive client data — financial records, SSNs, ID documents — and can be held liable…
Key TakeawaysFIRPTA (Foreign Investment in Real Property Tax Act) requires buyers purchasing from foreign sellers to withhold 15% of the…