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In many jurisdictions, if the river changes channels by avulsion, the boundary does not change but remains in the middle of the old channel. For example, the Mississippi River forms the boundary between several U.S. states, and the principle causes states on the lower Mississippi to have occasional pieces of land on the opposite side from the ...
In real estate law, reliction is the gradual recession of water from its usual high-water mark so that the newly uncovered land becomes the property of the adjoining riparian property owner. [ 3 ] "Relict" was an ancient term still used in colonial (British) America, and in England and Ireland of that era, now archaic, for a widow ; it has come ...
On Aug. 17, the rules governing real estate agent commissions are changing. Some experts say the shift should eventually reduce costs for consumers.
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
Property law in the United States is the area of law that governs the various forms of ownership in real property (land and buildings) and personal property, including intangible property such as intellectual property. Property refers to legally protected claims to resources, such as land and personal property. [1]
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 ...
The agreement is likely to spell an end to the traditional practice of home sellers paying commissions for both the seller's and the buyer's real-estate agents. In central Ohio, the commission is ...
Accession might also be (from Latin accedere, to go to, approach), in law, a method of acquiring property adopted from Roman law (see: accessio), by which, in things that have a close connection with or dependence on one another, the property of the principal draws after it the property of the accessory, according to the principle, accessio cedet principali.