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Search Results for "real estate"

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What Is a Real Estate Attorney?

Within certain jurisdictions, individuals are licensed to practice law given that they undergo a rigorous training and educational experience. These individuals are called attorneys, or more formally known as attorneys-at-law and colloquially as lawyers. An attorney provides clients with various...

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What Is a Real Estate Contract?

Real Estate Contract is an agreement or deal regarding the use, purchase and even exchange of land and other real estate properties among companies, parties and even individual owners. This kind of contract could cater to four kinds of transactions and agreements namely purchasing, sale, leasing...

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What Is Real Property?

Different classifications and categories of property exist within the spectrum of common law. Such properties may be distinguished form one another based on the form they take or the value they have. Real property, in contrast to personal property, is referred to as land or any other improvements...

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Allied Schools Online

Allied Schools is an online school accredited by the Accrediting Commission of the Distance Education and Training Council (DETC). Most of its programs have additional accreditations, approvals and memberships from specific agencies such as its courses in real estate, medical, renewable energies...

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What Are Liquidated Damages?

Liquidated damages refer to money as compensation for the death of a person, injury to a person or to his rights or property. The amount is awarded by the court or through a contract stipulation when breach of contract is involved. In most contracts, a liquidated damages stipulation is included....

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What Is an Agreement of Sale?

In real estate acquisitions, a buyer may provide the seller a written agreement that details the terms and conditions under which the sale will occur. This type of written agreement is called an agreement or contract of sale. Also known as a purchase agreement or contract of purchase, an agreement...

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What Is a Stipulation?

The term stipulation is most often seen in the context of contracts where it is defined as a condition that must be met in order for an agreement to be reached. The inability to meet this condition may result in the voiding of such an agreement, and in some cases, a contract. Another meaning given...

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What Is Appurtenance?

An appurtenance is a term for something subordinate attached to a more important thing. For example, the equipment consisting of miscellaneous things needed for a certain operation or sport, like the rigging or tackle of a ship, is an appurtenance. Appurtenances can either be physical or intangible...

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What Is a Timeshare?

A timeshare is a kind of real estate plan where a piece of property is given to a number of people. These people share ownership of the said property. This is a sharing arrangement that is different from, say, a regular home where, in some instances, it is shared by the husband and wife. In a...

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What Is Joint Ownership?

More than one individual may own whole assets, such as real estate or intellectual properties. When an asset is owned by 2 or more individuals, enterprises, companies, or parties in general, the form of ownership is entitled joint ownership. This is a generic legal term that can be applied to any...