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A fee simple qualified estate is a fee simple estate that is subject to limitations by the grantor. There is some condition or special limitation attached to it that may cause it to revert to the grantor.
- A conveyance to Charles as long as he maintains the property as a working farm. When the working farm is no longer feasible the property would revert to the grantor.
- A conveyance of undeveloped land owned by a church that restricts it from being used to build an establishment that serves liquor.
- A conveyance for a nominal sum to a town for a tract that can only be used for a public park.
Wiki User
∙ 14y ago
Wiki User
∙ 8y agoWhen the rights of ownership in real estate are dependent on the occurrence or non-occurrence of a certain event, it is known as a qualified defeasible fee estate.
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What is a promote fee?
The promote fee is the percentage that a real estate firm makes in interest. The promote fee is generally a certain percentage of the profits from the sale.
What is the typical real estate attorney's fee for a residential closing?
Five to seven percent.
I acquired my real estate license in 1997. Can it be reinstated for a fee?
Each state sets the requirements for the licensing of real estate agents, brokers and appraisers. Contact your state's Real Estate Commission to find out what the rules are and what you need to do to return to the business. http://realestatelicensedirect.com/real-estate-licensing-information-by-state/
How much should a finder's fee be for putting together a real estate deal?
Anywhere from .5% to 1%
Does Zillow's charge a fee?
Zillow does not charge a fee. It generates revenue by selling advertising on its website. According to its homepage, "Zillow is a free online real estate marketplace that provides information on every aspect of real estate, including home buying, home selling, homeownership, mortgages, and rentals."
A qualified fee simple estate is an example of a?
Defeasible fee estate. See the related question link provided below.
What is Synonym for real estate?
realty; real property; land; fee simple estate
What type of real estate ownership is the most all-inclusive?
Ownership in fee simple is the highest form of real property ownership.
What is the highest estate of absolute right in real estate is called?
Fee Simple
What are flat fee MLS listings?
Flat fee MLS listings are real estate sales where the broker receives a flat fee for the sale of the house instead of getting a percentage of the sale. It is a service offered by a number of real estate companies.
How much is real estate school?
Real estate school prices vary from state to state, as well as the amount of hours needed to obtain your real estate license. The best way to find out the requirements and cost in your state is to search your state's real estate commission. The following states offer online real estate courses to get your real estate license: Alabama, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Michigan, Mississippi, Missouri, Nebraska, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington Compare accredited online real estate schools at http://www.realestatewebschools.com/real-estate/salesperson-license to get the best price.
Do you need a real estate license to find a rental for someone for a fee?
yes
What is a promote fee?
The promote fee is the percentage that a real estate firm makes in interest. The promote fee is generally a certain percentage of the profits from the sale.
What is the typical real estate attorney's fee for a residential closing?
Five to seven percent.
Do Lenders pay a referral fee to a Real Estate Broker for referrals?
No, lenders are not permitted to pay referral fees to real estate brokers. It would be a violation of RESPA.
A estate restricts ownership of real property to a particular family bloodline?
A. fee simple B. fee tail C. determinable fee D. fee simple absolute ANSWER: B Fee Tail
I acquired my real estate license in 1997. Can it be reinstated for a fee?
Each state sets the requirements for the licensing of real estate agents, brokers and appraisers. Contact your state's Real Estate Commission to find out what the rules are and what you need to do to return to the business. http://realestatelicensedirect.com/real-estate-licensing-information-by-state/
