Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer this discussion! I learned a lot of things about real estate as well other things that confirms my thoughts on some of it like
Answer this discussion!
I learned a lot of things about real estate as well other things that confirms my thoughts on some of it like people being passionate about it. There is a lot of people now that are going to real estate now as well as my brother, he started to do real estate this year. One of the things that I learned was there are contracts and agreements like Brokerage contracts and ML agreements. Brokerage contracts give the right for the broker to find buyers for properties while ML agreement you have to go through listings and an agency. Another thing I learned that there are six types of loans that you can use when buying a house. The six loans are Conventional Loan, Federal Housing Administration Loan, and Veteran's Administration Law, Fixed-rate mortgage, Variable-interest-rate mortgage, and Graduate payment Mortgage. That a Deed is not a contract but it's a writing transferring real property tile over to another. That there are three different types of deeds there are the Warranty, Grant, and Quitclaims deed. From an outside source real estate law is "real property law, generally refers to the laws controlling the ownership or use of land in the United States. Real estate law is a branch of civil law that covers the right to own, possess, use, and enjoy land and the permanent man-made additions attached to it. Real estate law directly or indirectly impacts most of us on a daily basis, affecting homeowners, renters, landlords, home buyers, and home sellers." On indeed an average salary of a real estate agent in Sacramento is $95, 538 per year. While the lowest per year is $45,985 while the highest is $198,488. Outside Sources https://www.indeed.com/career/real-estate-agent/salaries > Real Estate Law - FindLaw
Step by Step Solution
There are 3 Steps involved in it
Step: 1
It sounds like youve gained a comprehensive understanding of real estate including dif...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started