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In a real estate context, an option fee is money paid by a buyer to a seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money . The use of option fees is most common in the residential resale market in Texas.
Assuming a 5 percent total commission under that model, here’s roughly what sellers could expect to pay based on the price their home sells for: Home’s sale price. Seller’s agent commission ...
The Dane axe or long axe (including Danish axe and English long axe) is a type of European early medieval period two-handed battle axe with a very long shaft, around 0.9–1.2 metres (2 ft 11 in – 3 ft 11 in) at the low end to 1.5–1.7 metres (4 ft 11 in – 5 ft 7 in) or more at the long end.
The Texas Real Estate Commission(TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [ 1 ] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
The National Association of Realtors (NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
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A diagram of a battle axe block as seen from above. Lot 1 is a regular plot of land while Lot 2 is the corresponding battle axe block located behind it. In real estate, a battle axe block, hammerhead block, [1] hatchet block or flagpole block [2] is a block of land situated behind another, with access to the street through a narrow driveway shared by both properties. [3]
The real estate transfer fee empowers municipalities to add a fee ranging from 0.05% to 2% on real estate sales worth more than $1 million.
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