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Builders argued that the statute was not meant for sophisticated wealthy buyers and the purchaser's attorneys apologetically, used it to successfully get clients out of contracts and to obtain a refund of the down payment. [4] In other cases using the statute the attorneys for the purchasers received large discounts off the purchase price. [6]
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
[citation needed] The first General Assembly of the Indiana Territory met on July 29, 1805, and shortly after the Revised Statutes of 1807 was the official body of law. [citation needed] Indiana's constitution, adopted in 1816, specified that all laws in effect for the Territory would be considered laws of the state, until they expired or were ...
In most U.S. states and Canadian provinces, until the 1990s, buyers who worked with an agent of a real estate broker in finding a house were customers of the brokerage, since, by most common law of most states at the time, the broker represented only sellers. It is only since the early 1990s that states passed statute law to create buyers' agency.
Recycled waste tires have several recreational uses. They are used for tire swings, flower pots, compost bins, retaining walls, and sandals in developing companies. They can also be used as fuel energy. Waste tires used as fuel are either shredded or whole, depending on the combustion device being used. Fuel produced from waste tires is known ...
Steve Nicastro, a content team leader with Clever Real Estate, based in St. Louis, said Clever expects the ruling to lead to lower commissions for buyers' agents, down from the current average of ...
The record percentage of 20% of US real estate transactions (since tracking started in 1981) took place in 1987. According to a 2016 report by the National Association of Realtors (NAR) regarding home buyer and seller trends, Home Buyer and Seller Generational Trends Report 2016 , 8% of surveyed real estate transactions between July 2014 and ...
The modern trend in the U.S. is that the implied warranty of fitness for a particular purpose applies in the real-estate context to only the sale of new residential housing by a builder-seller and that the caveat emptor rule applies to all other real-estate sale situations (e.g. homeowner to buyer). [3]