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Even if the seller finds the buyer him/herself, a commission is still owed to the brokerage. Furthermore, the seller cannot list the property with any other broker until the listing expires with the property unsold. Brokers who are also Realtors are obliged to enter the property into the local MLS system and offer compensation to co-operating ...
Jeff Wippich, owner of Encompass Home Inspections, inspects a property that is for sale on Friday, February 2, 2024 in Neenah, Wis. Wm. Glasheen USA TODAY NETWORK-Wisconsin Buyers take a new ...
a description of the map's place of official recording (e.g., recorded in the files of the County Engineer). The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
A typical description for a small parcel of land would be: "Commencing at a corner at the intersection of two stone walls near an apple tree on the north side of Muddy Creek road one mile above the junction of Muddy and Indian Creeks, thence north for 150 rods to the end of the stone wall bordering the road, thence northwest along a line to a large standing rock on the corner of the property ...
There are two main views on the right to property in the United States, the traditional view and the bundle of rights view. [6] The traditionalists believe that there is a core, inherent meaning in the concept of property, while the bundle of rights view states that the property owner only has bundle of permissible uses over the property. [1]
A legal land description in Manitoba, Saskatchewan, and Alberta would be defined by the Dominion Land Survey. For example, the village of Yarbo, Saskatchewan is located at the legal land description of SE-12-20-33-W1, which would be the South East quarter of Section 12, Township 20, Range 33, West of the first meridian.
The Public Land Survey System (PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling. Also known as the Rectangular Survey System, it was created by the Land Ordinance of 1785 to survey land ceded to the United States by the Treaty of Paris in 1783, following the end of the ...
1231 Property is a category of property defined in section 1231 of the U.S. Internal Revenue Code. [1] 1231 property includes depreciable property and real property (e.g. buildings and equipment) used in a trade or business and held for more than one year. Some types of livestock, coal, timber and domestic iron ore are also included.