Real Estate Made Reel: Videos by first tuesday

Latest video published 9/3/2019

• Land: The First Component of Real Estate

  Oil, rocks, solid materials of the earth and reasonable airspace above the earth; Materials are considered land while they are undisturbed, personal property when severed from the earth; Profit a prendre – the right to remove minerals from another’s real estate.

• Real Estate Components

  Covers: The physical components of real estate – the raw land, anything affixed to the land, anything appurtenant to the land, and anything which cannot be removed from the land by law.

• Physical and Legal Aspects of Real Estate

  Covers: Real property as a bundle of rights; The right to possess and use property; Real estate versus personal property; Real estate is immovable, personal property is movable.

• Investigating the Existence of a Hazard

  Seller’s agent’s use of a natural hazard expert to prepare the Natural Hazard Disclosure (NHD) statement

• Natural Hazard Disclosures

  Natural hazards which come with the location of a parcel of real estate; Locations where a property might be subject to natural hazards; Use of the Natural Disclosure Statement (NHD).

• Desirability Based on Deaths Within Three Years

  Disclosure of a death which occurred on the real estate within three years of a buyer’s purchase offer; Buyer’s agent’s greater agency duty of care to protect the buyer; Know-your-client rule.

• Deaths affecting market value

  Disclosure of a death which affects market value; Disclosure of a death on buyer inquiry; Deaths which stigmatize a property; Price-to-value money losses.

• When and When Not to Disclose a Death

  When and When Not to Disclose a Death (3:03) Covers: When to disclose a prior occupant’s use, affliction or death; No affirmative duty to voluntarily disclose a death which occurred more than three years prior, or a death resulting from AIDs or the HIV virus; Duty to disclose a death which had an adverse effect on ...

• Delivery of the Transfer Disclosure Statement

  Timely delivery of the TDS before the seller accepts a purchase agreement offer; recourse for untimely delivery; buyer’s statutory cancellation rights on an untimely delivery. More information about this topic is available @ firsttuesdayjournal.com. More information about our real estate licensing and renewal courses is available @ firsttuesday.us.

• TDS: Mandated on one-to-four residential units

  Use of the mandated Transfer Disclosure Statement (TDS).

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