| Land Installment Contracts |
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| A land installment contract, also known as a contract for deed, is a financing mechanism where title to real property remains in the seller until the buyer has paid the sale price of the property in full. The buyer is required to pay the sale price in installments over a period of years. More... |
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| Real Estate Broker and Agent -- Definitions and Licensing |
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| Real estate agents are sales persons who usually work for a broker in exchange for a portion of the commission earned by the agent on a sale or purchase of real estate. Brokers usually work out of an independent business and arrange for sales of real estate. More... |
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| Percolation Tests |
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| A percolation test, or "perc test," is performed on undeveloped land in order to determine whether the land is absorbent enough to support the installation of a septic system. Typically, the test is performed by a hydraulic engineer. More... |
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| Inspections and Punch Lists |
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| When a buyer works with a builder to plan the construction of a new home, the buyer will have an opportunity to look at models, drawings, plans and specifications. The combination of these documents gives the buyer a general idea of what the home will eventually look like. As the construction progresses, the idea takes form; however, until the process is complete and the buyer has actually walked through the completed structure, the buyer has no idea whether everything has been completed as imagined and in a workmanlike manner. More... |
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| The Historic Homeowner -- Federal Laws of Interest |
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| On the federal level, the subject of historic preservation is governed by numerous laws, including the Antiquities Act of 1906, the Historic Sites Act of 1935, the Native American Graves Protection and Repatriation Act of 1990, the American Indian Religious Freedom Act of 1978, and the Surface Mining Control and Reclamation Act, to name a few. More... |
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