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A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
Before the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees ...
The building is named for Phoenix attorney Leo Beus, who donated $10 million to the law school in 2014. [6] Apart from the law school, the Beus Center also houses the Lincoln Center for Applied Ethics, The McCain Institute for International Leadership, [7] the Sandra Day O'Connor Institute, [8] Arizona Voice for Crime Victims, [9] the Arizona ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
In Phoenix, real estate developers face few constraints when planning and developing new projects. [181] As of January 2016, 10.5% of the workforce were government employees, a high number because the city is both the county seat and state capital. The civilian labor force was 2,200,900, and the unemployment rate stood at 4.6%. [179]