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A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
When you’re working in an online document, the “undo” function can be an invaluable tool. So can a contingency clause when you’re looking to buy or sell a home. Real estate contingencies ...
This transfer, or assignment, is usually only allowed when the mortgage is assumable, says Rajeh Saadeh, a Somerville, New Jersey-based real estate attorney. When transferring an assumable ...
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
With these new holdings, NRT reached its 100th acquisition mark. [3] In 2000, NRT set a "real estate industry record, surpassing $100 billion in closed sales volume" and acquired Fred Sands Realtors, a $5 billion company based in Los Angeles. [3] By the end of the year, NRT had acquired over 150 companies.
The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. [1]
Of New Jersey's 21 counties, 17 had an increase in median listing prices from October 2023. And when compared with September 2024, 14 counties had an increase in median listing prices.