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Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
The United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government.It is responsible for the administration of federal laws governing occupational safety and health, wage and hour standards, unemployment benefits, reemployment services, and occasionally, economic statistics.
Binder – In law, a binder (also known as an agreement for sale, earnest money contract, memorandum of sale, or contract to sell) is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is ...
As of 2014, the Restatement's failure to address basic doctrines like adverse possession and real estate transfers had never been corrected over 75 years, three Restatements series, and 17 volumes. [2] In the 1970s, the Uniform Law Commission's project to standardize state real property law was a spectacular failure. [3] [4] [5]
The reference to 'HUD' in the form's name refers to the Department of Housing and Urban Development. Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act. Prior to October ...
The former flag of the U.S. Secretary of Labor, used from 1915 to 1960. The United States secretary of labor is a member of the Cabinet of the United States, and as the head of the United States Department of Labor, controls the department, and enforces and suggests laws involving unions, the workplace, and all other issues involving any form of business-person controversies.
During the decade of the Department of Commerce and Labor′s existence, American manufacturing expanded and American laborers increasingly moved from farming to manufacturing jobs. [18] This trend put increasing pressure on the U.S. Government to separate labor-related functions from the department and give labor its own executive department. [18]
The Federal Real Estate Board was a United States federal agency established in 1921 within the Treasury Department to manage federal properties (excluding public lands such as National Forests and Bureau of Land Management land), with its purpose being to reduce expenses by coordinating the use of real estate across federal agencies.