Defeasible Estate
A defeasible estate is when a property owner passes property from one party to another based on a condition such
A defeasible estate is when a property owner passes property from one party to another based on a condition such
There are three main types of appraisal reports: Summary report Restricted use report Self contained report A restricted use appraisal
The Real Estate Commissioner may temporarily suspend, or permanently revoke, the license of a real estate licensee for a violation
Rescission refers to the legal concept of removing or “un-making” a contract. It brings both parties back the original state
If a borrower takes out of mortgage for a property, the lender holds a security interest in that property. When
A real estate agent — also referred to as a real estate salesperson — is a licensed professional who has
Agents are expected to possess a reasonable level of knowledge and skill in assisting principals. In hiring a licensee, a
A remainder interest refers to an individual with an interest in an estate in the future. Such interest may be
The concept of recreational user immunity provides one exception to a landlord’s liability for individuals on the property: Owners do
Reformation refers to a court’s ability to alter the contents of a legally-binding contract in order to clarify conflicting or
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