David Saks: April 2012

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 1606

                                                     #1606

Some of the costs and expenses that have to be considered are the recurrent taxes on personal property.

Is this true or false ?

Please take your time. The solution is posted below the wildlife photo.

wildlife

A. False

Personal property is not real estate and is not included in the cost of owning a home.

Personal property also has another name, chattels, and since chattels are movable or objects which may be displaced or portable they don't apply to the definition of real property.

Property taxes have to be considered in the expenses and costs of owning a home.

 




David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • April 09 2012 08:45AM
Real Estate Practice : Lesson 1606
share
#1606 Some of the costs and expenses that have to be considered are the recurrent taxes on personal property. Is this true or false Please take your time. The solution is… more
Real Estate Practice : Lesson 1605
share
#1605 When a lender takes a loan application the most important thing the lender is concerned with is the applicants employment history for the last 15 years. The applicants… more
Real Estate Practice : Lesson 1604
share
#1604 One of the best ways available to compare loan costs is to use a formula that examines the lender's yield Is this fact true or false Take your time. The solution is… more
Real Estate Practice : Lesson 1603
share
#1603 When an item is prorated at closing the item is considered the type of item which will not have to be paid for. Is this fact true or false Please take your time. The… more
Real Estate Practice : Lesson 1602
share
#1602 If there is a debit on the buyer side of a settlement statement this is a charge that has to be paid by the buyer at the closing table. Is this fact true or false Take… more
Real Estate Practice : Lesson 1601
share
#1601 A real estate transaction is scheduled to close in the month of May on the 12th. The seller paid the annual premium for his hazard insurance about six months ago. The… more
ANOTHER MAN PLEADS GUILTY IN $40. 8 MILLION DOLLAR MORTGAGE FRAUD…
share
Fifth Man Pleads Guilty in $40. 8 Million Mortgage Fraud Scheme U. S. Attorney’s Office April 05, 2012 District of New Jersey (973) 645-2700 &… more
HELLS ANGELS LEADER SENTENCED TO PRISON IN MORTGAGE FRAUD SCHEME
share
Santa Rosa Hells Angels Leader Sentenced to Prison in Mortgage Fraud Scheme U. S. Attorney’s Office April 05, 2012 Northern District of California (415) 436-7200 &… more
PRESIDENT OF BROWARD TITLE & ESCROW PLEADS GUILTY TO MULTI…
share
President of Broward Title and Escrow Company Pleads Guilty in Two Separate Multi-Million-Dollar Mortgage Fraud Schemes U. S. Attorney’s Office April 04, 2012 Southern District of… more
APPRAISER SETTLES MORTGAGE FRAUD CLAIMS
share
Appraiser Settles Mortgage Fraud Claims William Buckley and his firm, Premier Appraisal Services, Inc. have settled with the United States mortgage fraud claims. Under the settlement, Buckley admitted and accepted… more