Notice of Legal Title (Proving you own it)
-
Welcome to the course!
-
The Real Estate Business
-
Law & Qualifications
-
License Law And Commission Rules
-
Authorized Relationships, Duties, And Disclosure
-
Brokerage Offices and Branch Requirements
-
Violations Of License Law, Penalties And Procedures
-
Chapter 8
-
Property Rights
-
Title, Deeds And Ownership Restrictions
-
Legal Descriptions
-
Real Estate Contracts
-
Residential Mortgages
-
Types of mortgages
-
Real Estate Related Computations And Closing Of Transactions
-
The Real Estate Markets And Analysis
-
Real Estate Appraisal
-
Real Estate Investments And Business Opportunity Brokerage
-
Taxes Affecting Real Estate
-
Planning, Zoning And Environmental Hazards
-
Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Title, Deeds And Ownership Restrictions
Section 16 of 39
Imagine you buy a house, pay the seller, and put the deed in your drawer. The next day, the dishonest seller "sells" the same house to another person, who pays cash and immediately runs to the courthouse to record their deed.Who owns the house? The second buyer. Why? Because in the eyes of the law, you failed to give Notice to the world. In real estate, ownership isn't just about holding a piece of paper; it's about making sure everyone else knows you hold it.There are two types of notice you need to master.A. Actual Notice "I Know Because I Saw It"Actual notice is direct, tangible knowledge. It is when a person actually knows a fact. How is it proven? If you move your furniture into the house, park your car in the driveway, and start mowing the lawn, you are giving Actual Notice to the neighborhood that you have an interest in this property.Reading the Deed: If someone hands you the deed and you read it, you have actual notice.Verbal Communication: If the seller looks you in the eye and says, "I sold this house to Bob yesterday," you have actual notice.The Limitation: It is impossible to personally tell every single human on earth that you bought a house. That is why Actual Notice isn't enough to protect you fully.B. Constructive Notice ->
Rating
0
0
There are no comments for now.
Join this Course
to be the first to leave a comment.