Why is this "Involuntary"?
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Welcome to the course!
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The Real Estate Business
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Law & Qualifications
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License Law And Commission Rules
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Authorized Relationships, Duties, And Disclosure
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Brokerage Offices and Branch Requirements
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Violations Of License Law, Penalties And Procedures
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Chapter 8
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Property Rights
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Title, Deeds And Ownership Restrictions
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Legal Descriptions
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Real Estate Contracts
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Residential Mortgages
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Types of mortgages
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Real Estate Related Computations And Closing Of Transactions
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The Real Estate Markets And Analysis
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Real Estate Appraisal
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Real Estate Investments And Business Opportunity Brokerage
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Taxes Affecting Real Estate
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Planning, Zoning And Environmental Hazards
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Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Title, Deeds And Ownership Restrictions
Section 10 of 39
You might think, "Wait, the person is dead, so how is it involuntary? They aren't objecting!" It is considered Involuntary Alienation because the State (not the deceased) determines the disposition of the property. The owner failed to exercise their right to choose, so the law forces a choice upon them. The property passes to your Heirs (legal descendants) defined by law, not by your personal wishes.Heirs vs. BeneficiariesBeneficiaries: People named in a Will (Voluntary).Heirs: People who inherit by Descent (Involuntary/Intestate).The Order of Succession: State law usually passes property to the spouse first, then children, then parents, then siblings.Example: A man dies Intestate. He hated his brother, but he had no wife, children, or parents. The state law says the brother is the heir. The brother gets the house, even though the deceased would have hated that. That is Involuntary Alienation.
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