Feb 05, 2020 · Breach of Fiduciary Duty in Real Estate Transactions. A fiduciary duty is a legal obligation wherein one party must act in the best interest of another. The obligated party is known as the fiduciary and is entrusted with the care of the other party’s finances or property. When a breach of this trust occurs, it can have serious legal implications.
The real estate excise tax applies to transfers of real property when the grantee relieves the grantor from an underlying debt on the property or makes payments on the grantor's debt. The measure of the tax is the combined amount of the underlying debt on the property and any other consideration. WAC 458-61A-103(1)
Residential Real Estate Transactions Practice Guidelines (pdf) Executive Summary Introduction Guideline 1 Client/Lawyer Relationship Guideline 2 Due Diligence Guideline 3 Proper Filing and Record-keeping Guideline 4 Document Preparation and Registration Guideline 5 Financial Issues Guideline 6 Extraordinary Matters Executive Summary Purpose The Residential Real Estate Transaction Practice ...
Real Estate Transaction Agents: Definition & Duties Instructor: Ian Lord Show bio Ian has an MBA and is a real estate investor, former health professions educator, and Air Force veteran.
May 23, 2019 · A real estate agent usually works under a licensed broker. 21. Realtor. A realtor is a person who acts as an agent in real estate transactions and is a member of the National Association of Realtors. A realtor must abide by the standards and code of ethics of the association. 22. Real Estate Broker
REMAINDER ESTATE – A future interest in real estate created at the same time and by the same instrument as another estate, and limited to arise immediately upon the termination of the prior estate. RENEWAL OPTION – A covenant in some leases which gives the lessee the right to extend the lease term for a certain period, on specified terms.
The investment property or real estate industry comprises entities that hold real estate (land and buildings) to earn rentals and/or for capital appreciation. Real estate properties are usually held through a variety of structures that include listed and privately held corporations, investment funds, partnerships and trusts. 1.2.