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What dies lsok mean in real estate

how much do real estate agentsmake

In the realm of real estate, numerous terminologies and acronyms are used to describe various aspects of property transactions. One such term that often puzzles both buyers and sellers is "LSOK." This article aims to demystify the meaning and importance of LSOK in real estate within the US context. Whether you are a first-time homebuyer, a seasoned investor, or a curious observer, understanding LSOK is crucial in navigating the intricate world of real estate transactions.

What Does "LSOK" Mean in Real Estate?

LSOK stands for "Listing Sold Other Office Key." It is an acronym commonly used in the real estate industry, particularly in the Multiple Listing Service (MLS) system. The MLS is a comprehensive database used by real estate professionals to list properties for sale and facilitate cooperation between different brokerages. When a property listing displays LSOK, it signifies that the property has been sold through the efforts of an agent or agency outside of the listing office.

Importance of LSOK in Real Estate Transactions:

  1. Enhanced Market Exposure: LSOK highlights the collaborative nature of the real estate market, allowing multiple agents and brokerages to work together for the benefit of their

Laugh out loud

laugh out loud; laughing out loud.

What does LOL mean in legal terms?

Limitation of Liability

It's no coincidence that the abbreviation for “Limitation of Liability” is LOL.

What is the LOL in a contract?

A limitation of liability clause (sometimes referred to simply as a liability clause) is the section in a contracted agreement that specifies the damages that one party will be obligated to provide to the other under terms and conditions stipulated in the contract.

What is a LOL in a purchase order?

LOL means Letter of Intent which shall constitute the intention of the Notice to place the purchase order with the service provider.

What acronym is replacing LOL?

IJBOL

IJBOL, which stands for “I just burst out laughing”, seems to be fast replacing LOL as the laughter acronym of choice in internet slang. LOL or “laugh out loud” has long been the acronym most people use to describe their reaction to something funny over a text message or social media post.

Is there still FLDS in Short Creek?

The population of Short Creek today is down to about 4,000 — about half its peak — and only a few hundred FLDS members remain. Esther Bistline is one of the dwindling number of FLDS members still living in Short Creek.

Who founded FLDS?

Lorin C. WoolleyFundamentalist Church of Jesus Christ of Latter-Day Saints / Founder

The first leader of the FLDS Church was John Y. Barlow, who led the community of Short Creek until his death on December 29, 1949.

Frequently Asked Questions

How many FLDS still live in Short Creek?

The population of Short Creek today is down to about 4,000 — about half its peak — and only a few hundred FLDS members remain.

Did California pass the first real estate licensing law in the nation?

The California Legislature enacted the nation's first real estate license law in 1917. Providing for the licensing and regulation of real estate licensees, this law continues to serve as a model for similar legislation in many other states.

What is the Washington broker exam?

The Washington broker exam is actually two tests in one. There are 100 questions for the national portion and 30 questions for the state portion. But the odd thing is the test isn't broken up into two sections. All the questions are mixed together.

How do liens work in Washington state?

If any supplier of materials, a worker or subcontractor is not paid, a lien may be filed against your property to force you to pay the debt. You could end up paying twice for the same work. Or worse, an unpaid lien could lead to foreclosure on your home.

How long does a property lien last in Washington state?

Ten years

In the state of Washington, a judgment lien will remain attached to a person's property for ten years. The ability of a creditor to collect under a judgment lien can be affected by several factors.

How do I remove a lien from my property in Washington state?

Request a Release-of-Lien Form – After paying off the balance of your debt in full, the creditor will file a release-of-lien form. This will act as evidence that the debt has been paid and will formally release the lien from your property.

Is Washington state a super lien state?

But under Washington law, a COA is entitled to a super lien over mortgages recorded before the date that the assessment became delinquent in an amount equal to six months' worth of delinquent common expense assessments. (Wash. Rev. Code § 64.34.

What does the abbreviation Lea stand for?

Local educational agency or LEA means a public board of education or other public authority legally constituted within a State for either administrative control or direction of, or to perform a service function for, public elementary schools or secondary schools in a city, county, township, school district, or other

What are the meanings of Lea?

1. : grassland, pasture. 2. usually ley : arable land used temporarily for hay or grazing. lea.

What is the meaning of Lea land?

Meadow

lea1. / (liː) / noun. poetic a meadow or field. land that has been sown with grass seed.

What is another name for LEA?

On this page you'll find 45 synonyms, antonyms, and words related to lea, such as: farmland, garden, grassland, green, ground, and meadow.

FAQ

What is another word to mean LEA?

Synonyms: grazing land, ley, pasture, pastureland. types: common land, commons. a pasture subject to common use. cow pasture.

What does PI mean in real estate?

A taxable possessory interest (PI) is created when real estate owned by a government agency is leased, rented, or used by a private individual or entity for their own exclusive use. The taxation of this interest is similar to the taxation of owners of privately owned property.

What is pi interest?
Used to indicate what is included in a monthly payment on real property. If the payment includes only principal and interest, property taxes and hazard insurance would make the total payment higher. (See: PITI).

How do you calculate PI in real estate?

The PI is calculated by dividing the present value of future expected cash flows by the initial investment amount in the project. A PI greater than 1.0 is deemed as a good investment, with higher values corresponding to more attractive projects.

What does PI mean payment?

A proforma invoice is a preliminary bill or estimated invoice which is used to request payment from the committed buyer for goods or services before they are supplied. A proforma invoice includes a description of the goods, the total payable amount and other details about the transaction.

Does pi mean profit?
The profitability index (PI) is a measure of a project's or investment's attractiveness. The PI is calculated by dividing the present value of future expected cash flows by the initial investment amount in the project.

What is Z in real estate?

Regulation Z prohibits certain practices relating to payments made to compensate mortgage brokers and other loan originators. The goal of the amendments is to protect consumers in the mortgage market from unfair practices involving compensation paid to loan originators.

What does Regulation Z apply to in real estate?

Regulation Z protects consumers from misleading practices by the credit industry and provides them with reliable information about the costs of credit. It applies to home mortgages, home equity lines of credit, reverse mortgages, credit cards, installment loans, and certain kinds of student loans.

What is Regulation Z?

Created to protect people from predatory lending practices, Regulation Z, also known as the Truth in Lending Act, requires that lenders disclose borrowing costs, interest rates and fees upfront and in clear language so consumers can understand all the terms and make informed decisions.

What does Reg Z require?

Regulation Z requires that creditors provide consumers with certain disclosures – including the actual cost of the loan and all its terms and conditions. Reg Z also provides protections for consumers as they shop around for loans or lines of credit.

What is Regulation Z in real estate commercial?

Regulation Z in Real Estate

Regulation Z forces lenders to disclose all financial charges, including the annual rate of interest. It is important to note that the TILA does not cover Commercial transactions. The Three-Day Right of Rescission applies to customers who are refinancing.

What dies lsok mean in real estate

What does the SA stand for?

The Sturmabteilung

The Sturmabteilung, or SA, was a paramilitary organization associated with the Nazi Party. The SA was integral to the rise of Adolf Hitler and the Nazi Party, violently enforcing party norms and attempting to influence elections.

What is the abbreviation for real estate?

Real Estate Acronyms - Alphabet Soup

ABRAccredited Buyer Representative, a certification of NAR for buyer representation
MLSMultiple Listing Service
MVPMember Value Plus reward program for members and associations to take specified NAR actions and in doing so earn a reward
NARNational Association of REALTORS®
What does CLS mean on MLS?

The College of Professional and Global Education is pleased to offer a one-year post-baccalaureate training program for Clinical Laboratory Scientist.

What is the abbreviation for commercial real estate?

CRE

Understanding Commercial Real Estate (CRE)

What does SA mean in business?

Société Anonyme

What Is a Société Anonyme (S.A.)? Société anonyme (S.A.) is a French term for a public limited company (PLC) and has many equivalents all over the world. An S.A. is the equivalent of a corporation in the United States, a public limited company in the United Kingdom, or an Aktiengesellschaft (AG) in Germany.

What does the PRR stand for? Price-to-research ratio (PRR) is a comparison of how much money a firm spends on research and development in relation to its market capitalization. The ratio is most important in research-based businesses such as pharmaceutical companies, software companies, hardware companies and consumer products companies.

What is the full form of PRR in real estate?

Private Residence Relief from Capital Gains Tax. How a Capital Gains Tax (CGT) relief called Private Residence Relief (PRR) applies on the sale of an individual's home and how it may exempt all or part of the gain which arises. A gain arising on the disposal of a residential property may give rise to a CCGT liability.

What does PRR stand for risk?

PRR - Production Readiness Review.

What is the meaning of RPP in real estate?

These statistics track developments in residential property prices (RPP) and commercial property prices (CPP) across the world via three data sets - detailed residential, selected residential and commercial.

What is PRR in project management?

The Production Readiness Review (PRR) for the system determines whether the system design is ready for production, and whether the developer has accomplished adequate production planning for entering Low-Rate Initial Production (LRIP) and Full-Rate Production (FRP).

  • Who creates Washington real estate laws?
    • Washington State's Real Estate Commission is part of the State's Department of Licensing, which regulates the real estate licensing. Laws and Rules are found in Revised Code of Washington (RCW), Title 18, Chapter 18.85.

  • What is the purpose of Washington's Form 42 Agency Disclosure?
    • AGENCY DISCLOSURE

      Washington State law requires real estate brokers to disclose to all parties to whom the broker renders real estate brokerage services whether the broker represents the seller (or lessor), the buyer (or lessee), both the seller/lessor and buyer/lessee, or neither.

  • Who regulates real estate agents in Washington State?
    • Washington State Department of Licensing

      Real Estate Commission | Washington State Department of Licensing.

  • Is dual agency legal in Washington State?
    • In the majority of real estate transactions, a Buyer's Agent represents the Buyer, and a Seller's Agent represents the seller. Dual Agency is a legal practice in Washington State in which one agent is representing both the Buyer and the Seller.

  • What is the advanced Washington real estate law?
    • Advanced Washington Real Estate Law offers an overview of the legal aspects of real estate. This 30-hour course discusses the laws governing the ownership and sale of real estate in Washington, examines common problems in real estate transactions, and provides examples from actual court cases.

  • What must be disclosed when selling a house in Washington State?
    • Moreover, like any other state, the Washington law requires home sellers to disclose any known major defects that could affect the buyer's decision to purchase the house. These are major to minor defects—and even features—that the buyer should know before signing any contract.

  • How to sell house for sale by owner in Washington State?
    • How to Sell a House By Owner in Washington State?
      1. Step 1: Price Your Home for Sale.
      2. Step 2: Prep Your Home for Sale.
      3. Step 3: Market Your Home.
      4. Step 4: Manage Showings.
      5. Step 5: Review, Compare, and Negotiate Offers.
      6. Step 6: Close the Sale with a Professional.
      7. Pros of Selling For Sale By Owner.
      8. Cons of Selling For Sale By Owner.
  • Is seller disclosure mandatory in Washington State?
    • Washington's Residential Seller Disclosure Requirement

      Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including condominium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.

  • Do you need an attorney to sell a house in Washington?
    • Technically, no. The state of Washington does not require you to hire a real estate attorney to sell your house. However, it's always smart to have a legal expert on your side when dealing with any transaction that involves complex contracts and large amounts of money.

  • Do realtors have to disclose death in a house in Washington state?
    • Washington state does not require disclosure of death on a property.

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