Considerations for Sellers of Real Estate

There are probably as many reasons for putting a house up for sale as there are sellers. Regardless of the reasons, once the decision is made to sell, sellers have many things to consider that will make the process run smoothly. Among them are the physical condition of the property, the selling price, the remaining balance on any other mortgages or liens that are recorded against the property, and the use of a broker.

Land Trusts

A land trust is a device by which land is conveyed to a trustee for the benefit of another. A settlor is the owner of the property that is placed into the trust. A land trust is created when settlor expresses his or her intent to create a trust through a written instrument. The instrument must name the trustee and identify the trustee’s powers, the beneficiaries, and any remaindermen. The settlor may be the trustee and, in most cases, the beneficiary of the land trust.

Real Estate Broker and Agent — Definitions and Licensing

Real estate agents are sales persons who usually work for a broker in exchange for a portion of the commission earned by the agent on a sale or purchase of real estate. Brokers usually work out of an independent business and arrange for sales of real estate.

Recognition and Prevention of Carbon Monoxide Poisoning

Every year, numerous people suffer ill health effects as the result of carbon-monoxide poisoning. Carbon monoxide is a poison gas which has no color or odor. Thus, it can easily go unnoticed in the home.

The Real Estate Settlement Procedures Act

The Real Estate Settlement Procedures Act (RESPA)