Category: Renting and Tenant Rights

What Is an Executed Contract in Real Estate?

What Is an Executed Contract in Real Estate?

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A mountain of paperwork varies hands over the course of a property transaction. The most important of this documents is the agreement of sale, which is the contract that obligates the seller to transfer ownership of their property to the purchaser in exchange for payment of the purchase price. At what point the contract is […]

When Is Type 4506 Used to Get a Tenant?

When Is Type 4506 Used to Get a Tenant?

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Form 4506 authorizes the IRS to launch a copy of your income tax return to another party. Landlords can request tenants or prospective tenants to complete Form 4506 so they can verify the tenant’s income. This can be a choice when a renter is self-employed and doesn’t receive normal paychecks that would prove income. Types […]

How Can a Real Estate License Be Suspended?

How Can a Real Estate License Be Suspended?

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Each nation grants real-estate permits to qualified candidates who follow a prescribed course of study and pass a certification exam. The valid interval for these permits varies by state; California issues its real-estate permits for four years and enables real-estate salespeople to perform the functions of the field, such as representing buyers or sellers at […]