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Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
How to avoid paying Realtor fees. Selling your home without the help of a real estate agent — called “for sale by owner” or FSBO for short — is certainly possible. Between July 2022 and ...
While the DOJ and FTC monitor and challenge real estate laws or changes to law perceived as anti-competitive in all States, this Press Release from April 2005 is an example of their effort: "The Department of Justice and the Federal Trade Commission (FTC) issued a joint letter urging the state-created Texas Real Estate Commission to reject a ...
There are also many boards, commissions and offices, [1] including: Abraham Lincoln Presidential Library and Museum; Attorney Registration & Disciplinary Commission of the Supreme Court of Illinois
Long ago, 6 percent was the going rate for real estate commissions; 3 percent to each agent. ... Hire a discount agent: A low-commission real estate agent will likely charge much less than a ...
Elected in 1992 and 1996; resigned in January 1999 to serve as Illinois Secretary of State: Eugene Moore: January 1999–December 2012 Democratic: Appointed in January 1999; elected in 2000, 2004, 2008 [10] Karen Yarbrough: December 2012–December 3, 2018 Democratic: Elected in 2012 and 2016: Edward Moody: December 4, 2018–December 7, 2020 ...
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...