Profiles Index

Lease Purchase for Buyers and Sellers of Real Estate
Using a least purchase agreement can be beneficial to both buyers and sellers of real estate. Learn why and how here.

Independent Real Estate Agent - Real Estate Agents as Independent Contractors
The vast majority of independent real estate agents are statutory independent contractors. This is a statutory status rather than common-law. The right of control and the 20 tests of the Internal Revenue Service to determine if one is an employee or independent contractor do not apply.

Real Estate Supply and Demand
Real estate supply and demand are different than in many fields or markets. That's because each real estate parcel is unique and real estate cannot be moved. In many fields or markets, if there is a shortage, more of the same product can be manufactured. The unique nature of real estate makes this impossible. You also cannot move more real estate into an area that has a short supply.

Real Estate Agency Law - Fiduciary Duties are Like an OLD CAR
Real estate agency law says that a real estate agent who takes on the capacity of "agent" for her client then takes on the duties developed over many years in common law. These include Obedience, Loyalty, Disclosure, Confidentiality, Accounting, Reasonable Care.

Real Estate Agency Law - How Agency is Created
Real Estate agency law says that agency is a representational status that defines the duties of the agent and the rights of the client. An agent has fiduciary duties to the client evolved in common and statutory law. There are two ways to create agency, express and implied.

The Special Considerations of Marketing Waterfront Real Estate Properties
As with any specialty type of property, there are unique considerations when listing, marketing and representing buyers for lakefront or other waterfront real estate property. Learn all the special rules and peculiarities or risk problems later.

Ways to Terminate Real Estate Easements
Easements generally pass along with ownership changes in real estate. However, there are ways to terminate a real estate easement. Generally, this is not an automatic event, but will require some legal action. Learn about release, merger, non-use, adverse possession, destruction and quiet title action.

Types of Real Estate Encumbrances
Learn the types of encumbrances on real estate properties, including liens, deed restrictions, easements, encroachments and licenses. Real estate encumbrances can adversely impact the sale of a property.

Real Estate Listing Agreements Types - Who Gets Paid and Who Doesn't
There are three basic types of real estate listing agreements, Open, Exclusive Agency, and Exclusive Right to Sell. You should know the difference in order to know who is and is not entitled to a commission on sale.

The Forms of Client Representation - Real Estate Agency and Sub-Agency
Knowing your duties and obligations in representing your client in a real estate transaction is critical. These obligations vary depending on your status. Are you an agent, subagent, transaction broker, etc? Learn what they mean here.