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A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
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Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate. [17]
Rental activities, one may even materially participate in them unless he is a real estate professional. Trade or business activities in which one does not materially participate during the year. [20] Portfolio income (interest, dividends, royalties, gains on stocks and bonds) is considered passive income by some analysts.
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Real property, sometimes called 'real estate', refers to ownership of land and things attached to it. [201] Personal property , refers to everything else; movable objects, such as computers, cars, jewelry or intangible rights, such as stocks and shares .
The city's financial problems had already resulted in wage freezes for city workers, cuts in city services, layoffs, and various city fee increases; however, on June 30, 2004, the Massachusetts General Court granted control of the city (including financial, personnel, and real estate matters) to the Springfield Finance Control Board. The board ...