Ownership of Real Estate. Ownership in Severalty. Concurrent Ownership ... All documents relating to real estate must be in writing (statute of frauds) ...
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Real Estate = Land + Fixtures
Real Property = Ownership rights to R/E
Personal Property = all other ownership rights
Estate = an interest in real estate
Kinds of Estates:
Ownership of Real Estate
Assurance of Title: Deed, Will, or Lease are evidence of title (an interest or estate). All documents relating to real estate must be in writing (statute of frauds).
How is title transferred?
Essential Elements in a Deed
Kinds of Deeds
What is an Encumbrance in Real Estate?
Other Kinds of Deeds
Methods of Title Assurance
Mortgages: A debt (note) secured by R/E
Important Elements of a Mortgage
Mortgage Default and Foreclosure
Calculating Brokerage Commission:
$ Commission = Commission Rate * Price
Calculating Net Price to Seller:
Net Price = Sales Price (1 – c)
where: c = commission rate
Area of a rectangle = length * width
Area of a triangle = ½ * base * height
Volume of a Cube = length * width * heigth
Units of Measure:
1 mile = 5,280 feet
1 acre = 43,560 sq. feet