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The City of Dover is not involved with the proration of real
estate taxes between a buyer and a seller of property.http://www.ci.dover.nh.us/finance/TaxAssessment/RealEstate.TaxProration.pdf.
The Tax Assessment Office and the Tax Collection Office will not provide
taxpayers with tax proration figures. The Tax Collection Office will provide
information on outstanding tax balances. It is the taxpayer’s responsibility to
make sure that all real estate taxes are fairly prorated during a real estate
closing. The following policy document was produced by the Strafford County Bar
Association in August, 1984, in response to the City’s decision to change its
fiscal year. The Strafford County Bar Association has given the City of Dover
permission to publish this document on its web site. Questions regarding the
proration of taxes should be directed to your attorney or real estate agent.
POLICY STATEMENT The Real Estate Tax Committee of the Strafford County Bar
Association recommends the adoption of the following policy with respect to the
apportionment of real estate taxes in Dover, between the buyer and seller of
real property: It is essential to apportion taxes between the buyer and seller
of real estate on a uniform basis so that buyers, sellers and mortgage lenders
can properly understand their respective obligations. The apportionment of real
estate taxes is a matter of agreement between the buyer and the seller. The
method of apportionment provided for in this policy statement is strongly
recommended to all buyers and sellers of real estate, since the uniform
application of this policy will prevent inequity and confusion. When the City of
Dover changed its budgetary process from a calendar year The Maryland Appraisal Commission has approved these three pre-licensing courses, totaling 75 clock hours.http://www.montgomerycollege.edu/wdce/brochures/realestate.pdf. They meet the classroom portion of the requirements for a trainee license. A total of 150 clock hours are required. For additional information regarding the hours of practical experience, please call Ms. Patricia Schott at the Maryland Appraisers Commission at 410-230-6270. Basic Appraisal Principles This state-approved course is the final prelicensure course designed to meet the requirements for real estate appraisal trainee licensure as required and approved by the Maryland Real Estate Appraisers Commission. Prerequisites: Real Estate: Basic Appraisal Principles and Real Estate: Basic Appraisal Procedures. Choose from the following courses to satisfy this Maryland state requirement: Agency Law, Ethics: Predatory Lending and Flipping, Fair Housing, Real Estate: Legislative Update. This course will cover Maryland Real Estate Commission’s Code of Ethics, including the practice of flipping and predatory lending, and how it should affect the real estate licensee’s business relations with the commission, the public, and other agents. This course complies with the Maryland Real Estate Commission requirement for three hours of legislative update. Are you a real estate agent who is unsure of the full real estate settlement process? Do you know what requirements the real estate agent has to go through to ensure the buyer or the seller a smooth settlement? Learn how to use real estate as an investment. This intensive course meets Maryland state requirements for 60 hours of successfully completed prelicensing education prior The main activity of the SIIC must be (passive) investment in real estate Financial leasing may not exceed 50% of the company’s gross assets Other activities may not exceed 20% of the company’s gross assets.http://www.kpmg.com/NR/rdonlyres/CE51D6D6-3A11-4FFA-9D32-564D5BBC259B/0/TaxationofRealEstateInvestmentTrustsEurope.pdf. The main activity of the SICAFI must be (passive) investment in real estate (immovable property) No more than 20% of assets can be invested in one real estate project Developments are allowed, but cannot be sold within five years of completion The bylaws may provide that the SICAFI can temporarily and additionally At least 75% of the REIT’s assets must consist of real estate. If fail to comply, penalties of 1-3% of the amount which is difference between the actual property rate and the prescribed rate of 75% will be imposed At least 75% of its gross revenues must be derived from the rental, leasing, or sale of real estate. If failed to comply, penalties of 10% - 20% of the amount which is difference between the actual gross income derived from the rental, leasing, or sale of real estate and the prescribed rate of 75% will be imposed No provision limiting REITs to the rental and leasing of real estate No property trading, i.e. revenue from disposal of 50% or less within 5 years based on the average property portfolio Holding interests in German real estate companies is allowed only if these are organised as partnerships Holding interests in foreign real estate partnerships is allowed Holding 100% capital stakes in foreign corporations is allowed The exclusive activity of the BI must be portfolio investment activities (passive investments in real estate) Based on proposed tax legislation a Dutch BI will be allowed 4.. Catalog Description (in gray box below) This is a basic course in real estate for those who are interested in general real estate knowledge and especially for those prospective licensees who desire to pass the examination offered by the State of California Department of Real Estate. Completion of this course qualifies the student to take the examination and receive a “conditional” (18 month) Salesperson’s License. This course is also offered online. Prerequisites go through a separate approval process. Corequisites go through a separate approval process. Recommended Preparation goes through a separate approval process. each category in gray box below): Upon the completion of the course the student will be able to do the following: D. Fill out real estate contracts for listings, purchase agreements, rentals, leases and disclosures. E. Calculate real estate mathematics and finance in terms of interest, time percentages and rates. F. Explain and interpret landlord, and tenant rights and obligations. H. Identify the qualifications of brokers and salesperson. I. Demonstrate the ability to pass the state licensing exam for real estate salesperson. Methods of instruction may include, but are not limited to the following: A. Class room 1. 2. 3. 4. readings and lectures 5. estate profession Class discussions Lectures which review and supplement assigned reading Audio-visual presentations which further illustrate lecture topics Guest speakers who will give students a “real world” perspective on issues presented in Outside projects which give students “hands on” exposure to various aspects of the real 3 In Fiscal Year 2008, the Division of Facilities Management, Design and Construction (DFMDC) w ill consolidate the cost of maintenance operations for most institutional facilities from agency budgets into one appropriation bill (HB 13).http://www.oa.mo.gov/bp/budg2008/RealEstate.pdf. In Fiscal Year 2007, the cost of operations for state-owned facilities was also consolidated within HB 13. Combining all appropriations into one house bill allows DFMDC to track the total cost of maintenance operations and improve efficiencies in state-ow ned, leased, and institutional facilities. $28,113 for janitorial, utilities, and market rate increases. $43,351 for pay plan and associated fringes related to real estate administrative charges and the statewide consolidation of facility related services, including $21,175 general revenue. $2,394,082 transferred from the Department of Elementary and Secondar y Education for the statew ide consolidation of facility $13,092 for janitorial, utilities, and market rate increases. $8,516 for pay plan and associated fringes related to real estate administrative charges, including $5,882 general revenue. $335,807 State Fair Fees Fund transferred from the Department of Agriculture for institutional consolidation. $25,015 reallocated from various departmental real estate budgets, including $5,116 general revenue. $11,033 for janitorial, utilities, and market rate increases. $34,338 for pay plan and associated fringes related to real estate administrative charges, including $4,196 general revenue. $47,524 Job Development and Training Fund transferred from the Department of Economic Development for state-owned rent. $16,422 other funds for pay plan In order to receive an Associate of Arts degree in this discipline, you must complete the courses listed below in addition to completing the Associate in Art Degree requirements.http://www.miracosta.edu/StudentServices/Counseling/Downloads/CertificatesOfCompetence/REALESTATE.pdf. *If both an Accounting course listed above and the Real Estate Economics course have been completed, only six elective units are required. Print name exactly as it is to appear on certificate. Certificate for which you are applying: The requirements for this certificate will be completed by: Fall List all courses in progress, including those at other colleges, which are required to complete this certificate: Units NOTE: If you have courses in progress at another college which are required to complete this certificate, official transcripts must be submitted to the Counseling Office at the end of the term. List all colleges from which you have coursework to be considered for this certificate: READ CAREFULLY BEFORE SIGNING In order to have this evaluation form processed for the current term, I understand that it is my responsibility to see that all required official documents, such as transcripts, substitution/waiver forms, etc., are on file in the Counseling Office by the petitioning deadline. Deadlines are posted in the current credit class schedule. If required official documents are not on file, this evaluation form may be returned to the Counseling Office, and I may be required to re-submit an evaluation form for next term. Comments: I grant permission to MiraCosta College to include my name on the graduation program and any graduation lists that may be released to the public. In Alaska, a Real Estate Licensee is required by law to provide this pamphlet outlining the duties of a real estate licensee.http://www.dced.state.ak.us/occ/pub/rec4145.pdf. After you have read the information contained in this pamphlet, please acknowledge receipt by signing page 2 and return it to the real estate licensee who provided it to you. There are four different types of relationships established by Alaska Real Estate Law: Specific Assistance – Licensee owes “Duties owed by a Licensee in all Relationships” as described in this pamphlet. Not disclose confidential information, even after the relationship ends, from or about you without written permission, except under a subpoena or court order; Make a good faith and continuous effort to accomplish your real estate goals. However, once you have entered into a specific real estate transaction agreement, their efforts refocus on its successful completion. Your Real Estate Licensee may also work with a variety of other clients (they represent) and customers (they provide specific assistance to) in different working relationships. Occasionally, as a Seller or Lessor, a situation may arise that your Real Estate Licensee also is representing another client (Buyer or Lessee) who then becomes interested in your property – or vice versa. Prior to showing the property, the Real Estate Licensee must obtain a written approval to be a Neutral Licensee for both parties. A Licensee may not show property as a neutral licensee without obtaining your written consent entitled “Waiver of Right to Be Represented” and it will restate the duties outlined above and additional ones owed by your Real Estate Licensee. Alaska real They buy the a lifestyle that this real estate will provide them – a legacy purchase that this property will be in their family for years and years.http://www.sprealestate.com/media/documents/spdp_developers_buyers.pdf. Yes they do buy the real estate as well for their comfort, but they just don’t only buy a certain-sized product with x number of bedrooms and x number of bathrooms. It’s really all about what that real estate does for their lives. But they often miss the love in the real estate. Our role is to provide customer experiences - the intangibles that give real estate its personality. They’re keenly interested to know what we’re involved with and what’s happening in the real estate market. What do you think the buyers are missing in terms of the way people go at acquiring real estate or gaining knowledge? What we’re saying is there’s a real opportunity for a company like ours to focus on the consumer while still providing a service to the developer. So someone in Chicago, someone in California and someone in Florida can all be on a call and have a common point of view on a piece of real estate in Hawaii. This is having the love come out in the real estate, which most people miss. They buy the a lifestyle that this real estate will provide them – a legacy purchase that this property will be in their family for years and years, They will buy the amenity – the more immediate needs that the property will meet for them. Yes they do buy the real estate as well for their comfort, but they just don’t only buy a certain sized product with x number of bedrooms and x number of bathrooms. It’s really all about what that real estate does for their lives. And we figure In Alaska, a Real Estate Licensee is required by law to provide this pamphlet outlining the duties of a real estate licensee.http://www.reals8.com/images/Others/ConsumerPamphlet.pdf. After you have read the information contained in this pamphlet, please acknowledge receipt by signing page 2 and return it to the real estate licensee who provided it to you. Your cooperation is appreciated. ensee when Representing a Party” as described in this Designated Licensee – This occurs when a Licensee represent transaction and another Licensee within the same company re other party in the same transaction. Neutral Licensee – This occurs when a Licensee does not r to both parties in the same transaction. s or provides specific assistance to a party to a presents or provides specific assistance to the epresent either party but pr ovides specific assistance st authorize the Neutral Licensee relationship by signing Exercise reasonable skill and care; Deal honestly and fairly; Present all written communications in a timely manner; Disclose all material information regarding the physical condition of a property; Account for all money and property received. Make a good faith and continuous effort to accomplish into a specific real estate transaction agreemen ise, advise you to seek expert advice; relationship ends, from or about you without written your real estate goals. Your Real Estate Licensee may also work with a variety specific assistance to) in different worki to other sellers, buyers, lessors, and less duties mentioned above. In those situations, r Occasionally, as a Seller or Lessor, a situation may arise t client (Buyer or Lessee) who then becomes inte hat your Real Estate Licensee Real estate agents enjoy the flexibility and marketing advantages 360 tours and 360 tour software packages from Real Tour Vision provides.http://www.realtourvision.com/downloads/360-tours.pdf. RTV tour builder kits and 360 tours are available from Real Tour Vision a leading virtual tour software company. Real Tour Vision is not only the best 360 tours solution to choose when you are ready to start a virtual tour company but it is also the perfect 360 tours solution for a real estate agent or brokerage looking to efficiently and cost effectively create their own 360 real estate Tour. Our virtual 360 tours provider and real estate agent clients all begin by making logical business decisions, working out the numbers, and finally choosing the Real Tour Vision virtual tour system to drive their virtual tour company or enhance the 360 tours on their real estate website. As a virtual tour provider for Real Tour Vision, we will put you in touch with these business owners and real estate agents as they contact us seeking 360 tours provider and a local virtual tour company or a virtual tour software provider. All of our virtual tour software and hardware packages include everything you will need to start a virtual tour business in less than 15 days, produce your 360 tours or real estate tour in a timely fashion, and offer high end business tour to the businesses in your area, or anywhere in the world. All of our 360 tours and virtual tour packages will ensure your success as a virtual tour provider just starting up a virtual tour company or as a real estate agent motivated to create your own 360 tours. Real Tour Vision offers the best 360 tours solution for the real estate If you are considering selling real estate you own (such as commercial buildings, lots, farms, vacation homes, or even a primary residence) and donating the proceeds, it might make better financial sense to transfer the actual property to a charitable organization.http://www.alliancedefensefund.org/UserDocs/GiftsRealEstate.pdf. A gift of real estate may provide you with a greater tax deduction than selling the asset and donating the proceeds to ADF. Such a donation can also help you with estate and income planning, if the property makes up a significant portion of your estate. Certain types of real estate donations also allow you to retain the right to live in or use the donated property for the rest of your lifetime. • • You may reduce estate taxes for your family. You may eliminate capital gains taxes that would have been due had you sold the asset. You will make the most of your asset while having a significant impact on reclaiming and protecting religious liberty for your family and nation. There are many ways to donate real estate to ADF, with varying benefits, depending on your situation. Some of the options are: Transferring your entire interest in a property to ADF, giving you a current charitable deduction for the value of the real estate. Gifting a partial interest in the real estate to ADF and then proceeding to jointly sell the property (with ADF as a co-owner). Donating the “remainder interest” in real estate, allowing you or family members lifetime occupancy of the property and giving you a current charitable tax deduction. Gifts of real estate can be beneficial both to you and the work of ADF, but this type of gift requires careful planning among you, your professional The Hamilton and Middletown Campuses of Miami University offer the four (4) classes necessary to prepare you to take the State of Ohio Real Estate Licensing Examination.http://www.ham.muohio.edu/BTE/real_estate_info.pdf. These four (4) classes are offered every semester on alternate campuses. Topics include real estate agency law, Ohio real estate license law, property rights, estates and interest in land, deeds, contracts, mortgages and liens, civil rights, tenancy, land contract, state and federal regulations. Thursdays, 6:00 - 10:00 p.m., August 25 – December 8. BTE 290B and BTE 290D are three credit hour courses and run for 10 weeks. BTE 290H and BTE 290J are one credit hour courses and run for 5 weeks. Class time is 6:00 p.m. - 10:00 p.m. Attendance is expected at EVERY class meeting. Any in-class time missed MUST be made up at the convenience of the instructor. Because semesters are 16 weeks long, it is possible to take all four (4) classes in one semester. Currently, tuition is $160.00 per credit hour, plus a Network Services fee of $18.00 once per semester. This does not include books. If you have further questions about real estate courses, please call Jackie Webb at (513) 785-7706 in Hamilton or Debbie Smith (513) 727-3271. To register for any of the real estate courses, you must begin the process in the Admissions Office, 114 Johnston Hall, Middletown Campus, or 106 Mosler Hall, Hamilton Campus. For information about the Real Estate Licensing Exam, you may call the Ohio Real Estate Commission at (614) 466-4100 or contact your broker-sponsor. The scheme, which began in 1999 or before, and continued into 2005, involved more than 150 fraudulent real estate sales and financing transactions in Springfield and Decatur, Illinois.. Knox, Ciota and Wiese admitted engaging in a practice known as “flipping,” which involved making false representations, including fraudulent real estate appraisals by Wiese and used by Knox and Ciota to entice owners to sell, buyers to purchase, and lenders to finance rental properties that were sold at prices they had fraudulently inflated to substantially higher than their reasonable value. As a result, as admitted by Wiese, who was a licensed Illinois real estate appraiser at the time, he received fees of $350 to $450 per appraisal. Knox and Ciota admitted that over the course of the scheme they converted more than $3 million in profits for their personal use and to promote the ongoing scheme. The case was investigated by the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General, Western Region; the U.S. U.S. Attorney Heaton stated, “These guilty pleas are the result of tenacious efforts by all the investigative agencies involved. I commend them. Although we have exposed and stopped this particular scheme, other mortgage fraud schemes exist. Consumers should remain vigilant even as our investigation and prosecution of such schemes is continuing.” (More) 2 During today’s court proceedings, Knox admitted that although he was not a licensed real estate broker or salesperson, he had represented himself and his business, Central Illinois Management and Development Company, to be in the business Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction.http://www.orlrealtor.com/Files/PDF/Value_of_a_REALTOR.pdf. At the same time, regrettably, REALTORS® have generally assumed that the expertise, professional knowledge and just plain hard work that go into bringing about a successful transaction were understood and appreciated. Many of the most important services and steps are performed behind the scenes by either the REALTOR® or the brokerage staff and traditionally have been viewed simply as part of their professional responsibilities to the client. But, without them, the transaction could be placed in jeopardy. This publication seeks to close that gap. Listed on the following pages are nearly 200 typical actions, research steps, processes and review stages necessary for a successful residential real estate transaction and normally provided by a full service real estate brokerage and for which they are entitled to fair compensation. Comprehensiveness The list is by no means an attempt to set forth a complete list of services as these may vary within each brokerage and each market. The variety of brokerage business models in today’s real estate industry affords the homeowner a greater range of options than ever before. Not every real estate agent or broker is a REALTOR®. While all REALTORS® are state-issued licensees as agents or brokers, the major difference between a “real estate licensee” and a REALTOR® is that REALTORS® have taken an oath to subscribe to a stringent, enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment | ||
