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Posts Tagged ‘Property’

When selling my own property, must I disclose that I am a real estate licensee?

Wednesday, July 13th, 2011

Alabama Real Estate Commission Rule 790-X-1-.03 (2) provides that any person who elects to become licensed as a broker or salesperson may advertise property of which they are the owner in the same way as any private party. However, such a licensee must abide by all of the other provisions of the license law and Rules of the Commission even in dealing in their own property. Secondly, when RECAD was passed, in one of the provisions of the obligations of licensees, Section 34-27-84 (a)(6) we find that in order to act on behalf of the licensee or his or her immediate family, or on behalf of any other individual organization, or business in which the licensee has a personal interest, you must have given prior timely written disclosure of this interest to all parties in the transaction. (A mere disclosure that you hold a license is not sufficient.)

Mississippi Real Estate

Tuesday, March 16th, 2010

The big cities in Mississippi offer all the usual cultural activities such as ballet, theater, opera, professional sports, magnificent malls and historic buildings. The outlying areas abound in natural beauty and small-world charm with their mansion tours, old-fashioned livestock auctions, festivals, rodeos and innumerable museums. The foothills of the Appalachian Mountains make for a rugged terrain interspersed with thick woodlands and bubbling brooks to be explored. The preservation of more than a million acres for public hunting and about 706,000 acres of water preserved for recreational activities such as boating, fishing, skiing and swimming make the area of the Mighty Mississippi an alluring place to settle in.

Cities in Mississippi such as Biloxi, Jackson, Gulfport, Hattiesburg, Greenville and others are governed by progressive and far-sighted city governments that are committed in offering residents an excellent quality of life, good schooling systems, affordable housing and the promise of prosperity. The capital city Jackson is a forerunner in technology promising more employment opportunities.

The real estate available in abundance has spanking new condominiums and housing developments brushing shoulders with beautiful Victorian homes and age-old exquisite mansions nestled amidst the shade of ancient oak trees and bordered by splendid azaleas. Real estate values range from $10,000 in larger, inland metropolitan cities to more than $1.45 million for estate properties. Homes on the waterfront and along the Gulf can cost anywhere from $20,000 to $6 million. Several acres of land and lots for custom homes are also available and even rental property is affordable here as it is well below the national average.

The natural beauty of the place coupled with well governed cities and all the amenities and necessities of modern day life make Mississippi a desirable place to live in.