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Assessor's parcel number. An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic ...
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Accession has different definitions depending upon its application. Accession in property law is a mode of acquiring property that involves the addition of value to the property through labour or the addition of new materials. For example, a person who owns a property on a river delta also takes ownership of any additional land that builds up ...
Traditionally, when a home seller hires a real estate agent to represent their listing, the seller agrees to pay a commission. The national average is about 5 percent of the home’s sale price ...
Cadastre. A cadastre or cadaster is a comprehensive recording of the real estate or real property 's metes-and-bounds of a country. [1] [2] Often it is represented graphically in a cadastral map . In most countries, legal systems have developed around the original administrative systems and use the cadastre to define the dimensions and location ...
Missouri home sellers in 2019 filed a class-action lawsuit, alleging that NAR set anti-competitive rules that require them to pay the buyer's real estate agent fee as a condition of listing a home ...
The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such as the Torrens ...
Property Law gives the owner of real property or personal property a "bundle of rights" for beneficial use, such as the right to sell the property or right to lifetime use of the property. [citation needed] Examples. A notable and early occurrence of quasi-property being found by a court under American law was the case of International News ...