Author: Anita Hummel
-
The Situs Term In Real Estate
Situs is one of those funny terms in real estate that many people may hear but are not sure what it means. Situs is a legal term that refers to the location or jurisdiction of where the property is located. Situs does not have to do with just real estate property but can be for…
-
What Is A Life Estate? Real Estate Explained
There is a term used for property owners as a life estate in real estate. The life estate is used quite a bit in the United States for trust transactions. A life estate is when a person is granted the right to use the property for the term of their life. Once the life estate…
-
The Legal Description of Property Importance In Real Estate
When purchasing land, you need to understand the legal description of a property and why it is essential for your real estate purchase. The legal description of the land or property is a written record that will show precisely what land it is yours. It is a legal document that can be used if a…
-
What Are The Economic Characteristics Of Real Property?
There are several economic principles and characteristics of real property or real estate. Understanding these principles is essential for you to understand your real estate investment. These four real property principles are the economic principles of land and real estate investments. The four basic principles of real property investments include scarcity of real estate, the…
-
Prefab Vs. Modular Homes Explained
There have been a lot of talks lately about prefab and modular homes, but it can be challenging to understand the difference between these two kinds of homes. Prefab housing is prefabricated housing built in a factory-controlled setting and assembled on-site. Modular homes are also made in a factory study and assembled on-site, except modular…
-
How Hard Is The Utah Real Estate Exam?
Anyone looking to sell real estate in Utah must first qualify as an agent. To prepare means they must have passed the Utah State Real Estate exam. Any real estate exam requires a lot of time and commitment to study the material so that you can pass the exam. The State of Utah requires you…