kickbacks are common in many industries, including the real estate sector. In real estate, kickbacks can occur between different parties involved in a transaction, such as agents, mortgage lenders, and property appraisers. This document will discuss the impact of kickbacks in the real estate industry and how they affect buyers and sellers. We will also […]
Category: Real Esate Law
Real Esate LawWhat does a Buffer Zone mean in Real Estate?
When it comes to real estate, a lot of jargon and technical terms can be confusing for those unfamiliar with the industry. One such term is “buffer zone”. This document will delve deeper into what a buffer zone is in the context of real estate and why it is important. What is a buffer zone in real estate? […]
What is tie-in Agreements in real estate?
In the world of real estate, tie-in agreements are a common practice. These agreements are often used when multiple parties are involved in a real estate transaction and need to work together to ensure its success. But what exactly is a tie-in agreement? How does it work and why is it an important aspect of […]
What is a Straight Note in Real Estate? Definition & Types
Real estate is an ever-changing industry that attracts individuals from all walks of life. Whether you want to become an agent, broker, or investor, a strong understanding of the real estate market is crucial for success. One key aspect of this market is a straight note, also known as a “straight-term note” or “term.” This […]
What is Mrs Murphy Exemption To the Fair Housing Act (FHA)
Mrs. Murphy Exemption very crucial in the world of real estate. The Mrs. Murphy Exemption is a term that often comes up when talking about fair housing laws and exemptions. It may sound like a person’s name, but it actually refers to a specific provision in the Fair Housing Act. So, let’s dive in and […]
What is a package mortgage? Law and Legal Definition
When it comes to real estate transactions, there are various types of mortgages that can be used to finance a property purchase. Two common options are package and blanket mortgages. These two terms may sound similar, but they actually refer to distinct types of mortgage loans. In this article, we will explore the differences between […]
Subletting Vs Subleasing: Difference & Advantages
Subletting and subleasing are two terms that are often used interchangeably, but they have different meanings and implications. Both involve renting out a part of a leased property to another party, but the two have key differences. In this document, we will explore the differences between subletting and subleasing in more detail and discuss their […]
What Is A Deed In Arizona Real Estate?
Many states in the United States require property deeds to be registered or recorded in order to provide legal evidence of ownership. In Arizona, deeds are recorded with the county recorder’s office. This process ensures that the right of a property is properly documented and can be easily verified. In this document, we will provide […]
What are Contract Legal Status in Real Estate?
Real estate is a rapidly growing industry, with properties being purchased and sold daily. However, the process of buying or selling a property involves more than just exchanging money for the deed. It also requires the signing of a legally binding document known as a contract. A contract is an agreement between 2 or more […]
What is Real Estate License Reciprocity?
If you’re interested in pursuing a career in real estate, you may have heard the term “reciprocity” thrown around. But what exactly does it mean, and how does it impact your ability to practice as a licensed agent? In this article, we’ll dive into the real estate license reciprocity world and provide you with all […]