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Claim Farmland Realty involves the development, ownership, and management of property, encompassing residential, commercial and industrial properties. At Claim Farmland Realty, For Sale By Owner (FSBO) or real estate agents can easily "Add Home" or a real estate property listing directly on Claim Farmland Realty (CFR) website. There is a listing fee. Your ad display should have an amazing headline which can attract more prospective buyers and tenants. As soon as your ad display is live, expert agents will get in touch with you shortly.
How does it work?
It's quick and easy to get started - learn how.
01
Step 1
Create a CFR account.
02
Step 2
Add a property listing.
03
Step 3
Customize your ad display.
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Step 4
Connect with agents, potential buyers and tenants.
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Claim Farmland Realty
Types of Listings:
A listing is a contract of employment between a principal (property owner) and an agent (broker) to sell or lease real estate.
Open listings
Open listings are open to any number of real estate brokers without liability to compensate any except the one who first secures a purchaser or buyer able to meet the terms and conditions of the listing. The sale of the property by the winning broker automatically terminates all open listings, so that the seller pays only one commission, to only one broker.
Exclusive agency listings
In an exclusive agency listing only one broker has the right to sell the property for a specified time. The owner retains the right to sell the property himself/herself without paying a commission. However, if the property is sold by a broker other than the listing broker, the listing broker is still entitled to a commission.
Exclusive right to sell listings
The exclusive right to sell listing is the most popular type of listing used by brokers. An exclusive right to sell listing is an employment contract giving the listing broker the right to earn and collect a commission upon the sale of the real estate property regardless of who sells the listed property. In other words, anyone can sell the property, including the property owner, during the terms of the agreement, and often beyond the terms to someone the broker introduced. The listing broker will still earn a commission, giving the listing broker the assurance that the property is available for sale by him/her only.
The employed listing broker will collect a commission upon the sale, no matter who sells the property. Whether the employed broker, another broker, or the owner procures a purchaser, a broker with an exclusive right to sell gains his fee upon the sale.
Even if the seller procures a buyer on her own, or another broker finds one, the listing broker earns a commission. Brokers employed by other types of listings may be dismayed to learn that property has been sold by the owner or another broker. Since this does not occur under an exclusive right to sell, the employed listing broker has more incentive to devote his efforts and to spend money to promote the sale of the listed property. In recognition of this fact, most real estate boards emphasize the exclusive right to sell listing, particularly for single -family dwellings.
Multiple listings
An arrangement among a group of real estate brokers; they agree in advance to provide information about some or all of their listings to the others and also agree that commissions on sales of such listings will be split between listing and selling brokers.
In metropolitan areas, most brokers agree to pool all of their listings. They form a multiple listing association to coordinate activities. Through that association, brokers agree to share their exclusive right to sell listings: any cooperating broker may sell property that another has listed. Upon the sale of multiple -listed property, the commission is split between the listing and the selling broker in accordance with the agreement established by the multiple listing association. A small fraction of the commission is paid to the association to cover it's expenses of operation, which include the periodic publication, in writing and/or by computer, of the features of all listed property of the brokers belonging to that multiple listing association.
Termination of Listings
Contracts for the listing of real estate should have a fixed expiration date. The law does not establish limits, so the actual period agreed upon is a matter of negotiation.
Listing agreements may be terminated either by the parties or by operation of law.
Note: Despite the fact that the listing has expired, courts are likely to require payment to a licensed broker whose listing expired, if she can show that she was the procuring cause of the sale.
Performance
The broker procures a purchaser; the listing contract is terminated when the sale is completed.
Mutual Consent
Both parties agree to terminate the listing.
Expiration of agreed time
A listing generally has a definitive expiration date. If it doesn’t, the listing ends after a reasonable period. In many states a listing must have a fixed expiration date.
Revocation by the principal
At any time, the principal may revoke authority given to the broker. However, the principal may be liable for damages resulting from the breach of contract, but not if he can show the agent to have negligent in her duties, as by disloyalty, dishonesty, or incompetence.
Revocation by the broker
An agent may terminate the listing contract or abandon it. However, he may be held liable for damages to the principal because of failure to complete the object of the listing contract.
Death of either party.
The death of either the principal or the broker generally causes termination of a listing contract.
Bankruptcy of either party
Bankruptcy of a principal or an agent normally terminates an agency.
Insanity of either party
If either party is judged to be insane, he is considered incapable of completing the contract; therefore, the listing contract will terminate.
Destruction of the property
If the property upon which the agency had been created is destroyed, the agency is terminated.
Do you want to purchase a home?
One of the first steps is to contact a bank or mortgage broker to review your finances and provide you with a mortgage commitment or pre-approval letter
Consult with a licensed real estate agent.
When a buyer finds a home on which they wish to make an offer, the realtor-broker usually serves as an intermediary to negotiate the price and other items of the sale.
A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you don't repay the money you've borrowed plus interest.
Real Estate Contract
The next step in a home purchase is to sign a written offer in the form of a proposed contract of sale that your realtor will then submit to the Seller. The contract should include the terms of your offer such as the price, the nature of the property (i.e. one or two family home), a mortgage contingency, the contract deposit amounts, the targeted closing date, what is to be included with and excluded from the transaction, and home inspection contingencies. If the Seller accepts the offer, the Seller will sign the contract. After the contract is fully signed, the realtor will forward it to the Buyer and Seller’s attorneys to begin the attorney review process.
Home Inspection and Home Appraisal
Contracts to purchase real estate are subject to the Buyer’s right to inspect the property for defects. A home appraisal is an unbiased estimate of a home's value. It's a key part of buying or selling a home, and is required by lenders. A licensed appraiser visits the home and inspects its condition.
Mortgages and Finance
Be sure to consult with a licensed and qualified mortgage broker or licensed direct mortgage lender when applying for mortgage financing..
Deed, Title Insurance, Escrow and Closing Statements
Once the mortgage lender has provided its mortgage commitment, title objections are cleared, and the Buyer and Sellers can close in accordance with the terms of the contract then the purchase is ready to be closed. At the closing, the mortgage loan funds will be made available to the buyer to apply towards the contract price and closing costs and the buyer’s attorney or settlement agent will supervise the signing of the buyer’s mortgage loan documents.
Requirements of a Valid Contract
Purchase Contracts
Claim Farmland Realty
One
The interests and identities of the parties
Two
Legal description of the real estate
Three
The price and how it is paid
Four
Contingencies and other terms of the sale
Five
Settlement date
Six
Signatures of the parties
Deed Requirements
Elements of a Valid Deed
Element 1
A legally competent grantor
r
Element 2
A designated grantee
Element 3
Consideration
Element 4
Conveyance
Element 5
The interest being conveyed
Element 6
A description of the property
Element 7
Grantor's proper signature
Element 8
Delivery of the deed and acceptance
Requirements of a Valid Real Estate Contract
Lease Contracts
Note: While the terms "leasing" and "renting" are often used interchangeably, a lease is a legal contract for a fixed period, while renting typically refers to a shorter, more flexible arrangement, often month-to-month.
One
Offer and acceptance
Two
Competent parties
Three
Consideration
Four
Adequate description of the property
Five
Written Form
Six
Lease Contract
Claim Farmland Realty: Real Estate
For Sale By Owner
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