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Generally, you can legally purchase real estate at age 18.
However, younger children can acquire an interest in real estate by inheritance or by deed. Those types of situations can become complicated if any actions must be taken regarding the real estate. In that case a court appointed guardian would need to represent the child.
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What is the legal age to own real estate in Illinois?
The legal age to own real estate in Illinois is 18 years old. Minors can own real estate in Illinois, but it is often held in a trust or through a guardian until they reach the age of majority.
What is legal age to own property in Illinois or can a 17 year old own real estate in Illinois?
You have to be 18 to have any real assets to your name.
What effect does the Real Estate Code of Conduct have on your own operations as an Estate Agent?
The Real Estate Code of Conduct affects estate agents by setting ethical standards that promote transparency and accountability. It enhances client trust and credibility, leading to better relationships and repeat business. Compliance reduces legal risks by clarifying responsibilities in advertising, disclosures, and client fund handling, ultimately improving operational practices and reputation.
Why do real estate companies need their own attorneys?
Real estate companies have their own attorneys for completing real estate transactions. At real estate closings, both parties are required to have an attorney present.
What if one spouse is 70 and the other spouse is 45 can a reverse mortgage still be done?
No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.No, not if both own the real estate. There are age limits for reverse mortgages. You need to consult with a local bank for some details about reverse mortgages.
What real estate company does ed smart own?
Smart & Company Real Estate
Is mortgage better than a loan?
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
Can an unlicensed real estate agent show properties?
If the real estate agent is unlicensed than they are not a real estate agent. If someone is seller their own home they can show their property or designate someone over 18 year of age to show their home. By law an unlicense individual are not allow to enter properties without a licensed real estate agent.
Where is Kansas real estate located?
Kansas real estate is located in the US state of Kansas. There is a page on Yahoo for Kansas real estate and the Kansas Real Estate Commission has its own website as well.
How do you set up your own real estate website?
A real estate agent can purchase a domain and create their own website or they could purchase a website from a company who specializes in selling real estate websites for people who would like to own their website.
Do you need to have a real estate license to own stock in a real estate firm?
is it a publicly traded company
How old do you have to be to purchase real estate in Pennsylvania?
You must be 18 to own real property on your own.
