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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 many other countries.
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 ...
Most states have a public license check system online for anyone holding a real estate salesperson or real estate broker's license. [35] A few states, such as Idaho, Maine, and Vermont, do not require property managers to have real estate licenses.
Just over 75% of Utah's population is concentrated along four Wasatch Front counties: Salt Lake, Utah, Davis, and Weber. Salt Lake County was the largest county in the state with a population of 1,185,813, followed by Utah County with 719,174, Davis County with 373,207 and Weber County with 271,926.
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In thirteen states, 41 county trust funds existed. In addition, 51 county trust funds are in place in Pennsylvania, and 39 county trust funds exist in the state of Washington. These 90 funds were established by state enabling legislation. In 2007, these county trust funds together received approximately $138 million per year in revenues.
The county has a total area of 807 square miles (2,090 km 2), of which 742 square miles (1,920 km 2) is land and 65 square miles (170 km 2) (8.1%) is water. [13] It is the fifth-smallest county in Utah by area. The county borders on the Great Salt Lake and is traversed by the northward flowing Jordan River. [14]
Before the closing happens, the settlement agency must ensure that all the money that the lender and buyer expect to send into escrow matches the total amount expected by parties that need to be paid, such as the seller and real estate agents. This matching process means that accounting information is gathered and the order is “balanced.” [8]
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