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  2. Property abstract - Wikipedia

    en.wikipedia.org/wiki/Property_abstract

    A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds, mortgages, wills, probate records, court litigations, and tax sales —basically, any legal document that affects the property. The abstract will show the names of all ...

  3. Recording (real estate) - Wikipedia

    en.wikipedia.org/wiki/Recording_(real_estate)

    The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such as the Torrens ...

  4. Texas Real Estate Commission - Wikipedia

    en.wikipedia.org/wiki/Texas_Real_Estate_Commission

    The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...

  5. Torrens title - Wikipedia

    en.wikipedia.org/wiki/Torrens_title

    Torrens title is a land registration and land transfer system, in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.

  6. Chain of title - Wikipedia

    en.wikipedia.org/wiki/Chain_of_title

    A chain of title is the sequence of historical transfers of title to a property. It is a valuable tool to identify and document past owners of a property and serves as a property's historical ownership timeline. The "chain" runs from the present owner back to the original owner of the property. In situations where documentation of ownership is ...

  7. What high-profile commission changes mean for ... - AOL

    www.aol.com/finance/high-profile-commission...

    Traditionally, when a home seller hires a real estate agent to represent their listing, the seller agrees to pay a commission. The national average is about 5 percent of the home’s sale price ...

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