David Saks: August 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 1777

                                                  #1777

A medical building owner wanted to convert the building into residential property and sell individual units in the building once the conversion had been completed.

When a building is converted into something other than which it was originally constructed or intended for this is know as modular reconstruction.

Is this true or false ?

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

wildlife

A. False.

Modular reconstruction would rely on prefabricated or preassembled materials.

Although modular reconstruction may play a part in conversion of the building from which it was originally constructed for, the process of converting the building from commercial usage to residential is know as converted-use.




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 • August 06 2012 10:52AM
Real Estate Practice : Lesson 1777
share
#1777 A medical building owner wanted to convert the building into residential property and sell individual units in the building once the conversion had been completed. When a building… more
Real Estate Practice : Lesson 1776
share
#1776 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 1775
share
#1775 When the owner of the property signs an agreement allowing the tenant that signs the agreement to occupy, use and possess the property for a period of only six months the owner and… more
Real Estate Practice : Lesson 1774
share
#1774 A life-tenant by the name of Senderfell wants to dig up the earth around his property and sell it for gardening dirt-fill to a neighborhood nursery. A remainderman has been named… more
Real Estate Practice : Lesson 1773
share
#1773 Two property owners, Ben and Susan, who are not married, own a property together. Susan actually owns 75% of the property and Bob owns a 25% interest in the property. … more
Real Estate Practice : Lesson 1772
share
#1772 When property is transferred from one owner to the next this process is referred to as devise. Is this true or false Please take your time. The answer is posted below the… more
Real Estate Practice : Lesson 1771
share
#1771 When we consider participation in a REIT, a real estate investment trust, it is necessary to have at least 325 participants according to the legal statute. Is this considered true… more
REAL ESTATE INVESTOR GUILTY OF BID RIGGING
share
R. E. Investor Pleads Guilty to Rigging Bids to Purchase Real Estate David R. Bradley Alabama, a real estate investor, pleaded guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions… more
FORMER TITLE AGENCY OWNER SENTENCED FOR MORTGAGE FRAUD
share
Former Title Agency Owner Sentenced for Mortgage Fraud Cynthia Darlene Strickland 46, Jacksonville, Florida, a licensed title agent and the owner of Premier Title Group, Inc. has been sentenced for bank fraud related to a mortgage fraud… more
FORMER REAL ESTATE DEVELOPER PLEADS GUILTY TO GOLF COURSE FRAUD
share
Former Real Estate Developer Admits Fraud Scheme Thomas Joseph O'Meara, III 65, Palm Desert, California, a former Carmel, Calif., real estate developer pleaded guilty to wire fraud and money laundering arising out of his golf course… more