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Oct 16, 2024 · For example, in the real estate industry, facsimile signatures are used to sign purchase agreements, lease agreements, and other legal documents remotely. In the healthcare industry, facsimile signatures are used to sign prescriptions, treatment plans, and other medical documents.
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Discover the Legal Definition of Facsimile & Its Significance - Learn how facsimiles guarantee document accuracy, transmit contracts, preserve historical artifacts, and present evidence in legal matters.
Sep 13, 2024 · 11 Real Estate Terms That Every Buyer And Seller Should Know. Real estate jargon often relates to financial decisions, so it’s worth familiarizing yourself with the most important terms. Sellers...
Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. Even if you know every one of the 136 real estate terms on this list and how to use them, your clients expect you to be their interpreter.
- Quitclaim Deed. Complexity Level: Basic. Grantee Protection: Low. Commonly used in: Property transfers between family members or divorced spouses; Correcting titles.
- Gift Deed. Complexity: Intermediate. Grantee Protection: Low. Commonly used in: Property transfers to loved ones or charities. A Gift Deed, or a Deed of gift, allows the grantor to transfer money or property as a gift without receiving consideration (money) in return.
- Survivorship Deed. Complexity: Intermediate. Grantee Protection: Low. Commonly used in: Leaving property to surviving spouse or family member. A survivorship deed allows co-owners of real estate to automatically transfer a deceased owner’s share to the surviving owner(s).
- Warranty Deed. Complexity: Intermediate. Grantee Protection: High. Commonly used in: Real estate transactions. A warranty deed assures that the grantor has clear title to a parcel of real estate and has the full legal right to transfer (sell) it to the grantee.
A facsimile signature clause stipulates that signatures transmitted via fax or other electronic means are considered legally binding and equivalent to original handwritten signatures. This provision facilitates quicker contract execution by recognizing electronic copies of signatures in legal documents.
GLOSSARY OF REAL ESTATE TERMS. Abstract of Title - A summary of al1 of the recorded instruments and proceedings which affect the title to property, arranged in the order in which they were recorded. Accretion - The addition of land through processes of nature, as by water or wind. Accrued Interest - Accrue; to grow; to be added to.