What Happens To The Residue Of An Estate
A residuary beneficiary receives the “residue” of an estate or trust – that is, all of the property that’s left after specific gifts are distributed. When making a will or trust, you can name specific beneficiaries to receive specific items, and you can name residuary beneficiaries to get everything else
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What Is Smart Real Estate
SMART refers to goals that are Specific, Measurable, Attainable, Realistic, and Time-bound. The benefit on using this methodology for your real estate business is that it sets tangible numbers that you can track. You have a concrete measurement for your deadlines throughout the year
What Is Limited Dual Representation In Real Estate?
Limited Dual Agency means the brokerage and its agents represent both the buyer and the seller in the same transaction. You may choose Limited Dual Agency representation with your brokerage because you do not want it to be restricted in the search for suitable properties or buyers
What Does Representation Mean In Real Estate?
Being "represented" by a Realtor means that your interests are protected
What Does Limited Representation Mean In Real Estate
Most active agents are Realtors and adhere to these practices. Limited dual representation forces both agents to fulfill all of the fiduciary duties an agent normally has to a client, loyalty, obedience, disclosure, confidentiality, and accounting, to both the seller and the buyer
What Is Finance In Real Estate
In its simplest form, it involves a loan to a borrower which is repaid from the rental income of the borrower's property. It is the most commonly used structure for investing in real estate. Real estate finance transactions are usually classified as either investment or development transactions
How Hard Is The Real Estate Exam In Texas?
Is the Texas real estate exam hard? Well, given that only 57.09% of agents pass the licensing exam on the first try, it's safe to say it's not an easy test. Aceable Real Estate School, however, currently holds one of the highest pass rates in Texas
How Long Does It Take To Become A Real Estate Agent In Texas?
In order to apply for the Texas Real Estate License Exam, the state requires you to complete 180 hours of TREC-approved college-level real estate courses
How Fast Can I Get My Real Estate License In Texas?
The initial licensing period is two (2) years. In order to renew your Texas real estate license, you are required to complete 90 hours of Qualifying (SAE) courses and two 4-hour TREC Legal Update courses within that two year period
How Long Does It Take To Get A Real Estate License In Texas Online
The 180 hours consist of 6 individual courses, each comprising 30 hours. Depending on your method of study and learning style, you can complete the course work in as little as 2-3 weeks. For self-paced online study, TREC limits your accumulated hours to just 12 each day
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