Tack clause in INFO

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Aug 6th, 2022
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How to tack clause in INFO

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hey everybody Karthikamp;#39;s subrahmanyam over at avi schools welcome to your real estate tip of the week now this weekamp;#39;s tip of the week is about that certain provision in the listing contract that has to be in bold legally in every listing contract there is one piece in California anyway that must be in a font not less than ten point and in bold typeface the only thing that the law requires be in a font at least 10-point and in a bold typeface is the fact that commissions are negotiable legally we have to provide our cellar with a disclosure that says real estate commissions are negotiable now this is true for a lot of reasons but this prevents the unscrupulous real estate agent from telling a seller hey look Iamp;#39;d love to charge you less than seven percent commission but I gotta charge everyone the same thing so I donamp;#39;t get accused of discrimination thatamp;#39;s not true the law doesnamp;#39;t say that commissions are fixed the law says Commissionamp;#39

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A quick definition of tacking: For example, if someone owned a piece of land for 5 years and then sold it to someone else who owned it for another 5 years, the second owner could tack their 5 years onto the first owners 5 years to establish 10 years of continuous possession for adverse possession purposes.
Legal Definition tack. transitive verb. : to combine (a use, possession, or period of time) with that of another especially in order to satisfy the statutory time period for acquiring title to or a prescriptive easement in the property of a third party.
The ability of a lender to secure further advances (new loans) under existing security which rank in priority to any amounts subsequently lent by, and secured in favour of, another lender.
The Principle of Tacking This principle enables a secured lender to add further advances that are secured by the existing security while maintaining priority over other subsequent lenders, for example: Lender A advances funds and registers a first registered mortgage over the security property.
Tack-on Loan means an otherwise fully collateralized loan on which a lien on real estate has been taken by the lender at the request of the borrower(s) and where the terms of the transaction as a conse- quence are not made more favorable than they would be in the absence of the lien.
The joining of consecutive periods of possession by different persons to treat the periods as one continuous period; especially the adding of ones own period of land possession to that of a prior possessor to establish continuous Adverse possession for the statutory period.
Related Content. The ability of a lender to secure further advances (new loans) under existing security which rank in priority to any amounts subsequently lent by, and secured in favour of, another lender.

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