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Word of the day

Metes and Bounds

A common method of land description that identifies a property by specifying the shape and boundary dimensions of the parcel, using terminal points and angles. A metes-and-bounds description starts at a well-marked point of beginning and follows the boundaries of the land by courses and metes (measures, distances, compass direction) and bounds (landmarks, monuments) and returns to the true point of beginning. Generally, however, in verifying such a description, monuments prevail over courses and distances. A description that fails to enclose an area by returning to the point of beginning is defective. If there is any discrepancy in the distance between monuments and linear measurements, the actual measured distance between the monuments prevails.

Association of the day

Albany (Georgia) Association of REALTORS

Nice, simple building with plenty of parking. Buildings help create culture and community.

Are you serving on a committee, Board of Directors, or serving as an Officer of your REALTOR Association or MLS?

Anyone here from Albany GA?

Quote of the day

What happens is not as important as how you react to what happens

How do you react to adversity? Life is full of stops and starts, frustrations and distractions. But don't let these daily confusions divert you from the excellent potential that is available to you every day. When you do encounter adversity, remember that keeping a cool head is always the right way to go. There's a solution to every problem, but's impossible to see it if you blow your top. 

Question of the day

Under an exclusive agency arrangement, the broker has a fiduciary arrangement with?

(A) The seller (B)The buyer (C)The seller and buyer (D)The seller primarily and secondarily to the buyer
 



Answer:  (A)  The listing agreement creates an agency relationship between the broker and seller, referred to as a fiduciary relationship.