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Realtor commissions: The real estate agents involved in the transaction will be owed a commission fee at closing. This typically comes to somewhere between 2.5 and 3 percent of the home’s sale ...
Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office. This is the doctrine of "constructive notice" and it is nearly universal in the various states of the U.S. So, for example, after a deed or ...
The title industry asserted that transfer fee covenants "impair marketability" by "unduly complicating real estate closings" as a result of the fee being "inadequately disclosed". [33] The American Land Title Association, in an October 15, 2010 letter to the Federal Housing Finance Agency on behalf of their 3,800 title company members, wrote:
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
Corruption in S.C. real estate transactions can be simply “the price of doing business” for realtors because the SC Real Estate Commission is essentially a “self-regulation organization.
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Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple . In the United States, the land is subject to eminent domain by federal, state and local government, and subject to the imposition of taxes by state and/or ...