Definition Of Real Estate Law

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Listing Results: Definition of real estate law

Understanding the Price and Terms of Sale LAWS.com

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1 hours ago Understanding the Price and Terms of Sale. In most situations, the pricing of a property is determined by the input of three people or groups:the appraiser, the real estate

Estimated Reading Time: 3 mins

Link: https://real-estate.laws.com/selling-real-estate/listings/price-and-terms-of-sale

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Definition Of Gross Sales Price In Real Estate

Gross Realestateagent.com More results

7 hours ago The definition of gross sales price in real estate refers to the combined cost of a property or listing before subtracting the real estate agent’s commission, sales tax and other auxiliary fees. In short, it is the price, in its entirety, that the buyer must pay in order to purchase the …

Link: https://www.realestateagent.com/real-estate-glossary/real-estate/sales-price-gross.html

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FDIC Law, Regulations, Related Acts Rules and Regulations

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8 hours ago (d) The real estate lending policies adopted pursuant to this section should reflect consideration of the Interagency Guidelines for Real Estate Lending Policies established by the Federal bank and thrift supervisory agencies. [Codified to 12 C.F.R. § 365.2] [Section 365.2 amended at …

Link: https://www.fdic.gov/regulations/laws/rules/2000-8700.html

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New York State Department of State State of New York

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8 hours ago A real estate salesperson is associated with a real estate broker to list and negotiate the sale, lease, or rental of real property for others for compensation, under the direction and guidance of a responsible broker. A salesperson cannot operate independently. It is the responsibility of licensees to understand the Real Estate License Law.

Link: https://data.ny.gov/api/views/cs62-ks3s/files/241d093b-c7c7-488f-80e4-880ca37af357?download=true&filename=NYSDOS_RealEstateLicenses_Overview.pdf

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Fair Market Value legal definition of Fair Market Value

Fair Legal-dictionary.thefreedictionary.com More results

4 hours ago Fair Market Value. The amount for which real property or Personal Property would be sold in a voluntary transaction between a buyer and seller, neither of whom is under any obligation to buy or sell.. The customary test of fair market value in real estate transactions is the price that a buyer is willing, but is not under any duty, to pay for a particular property to an owner who is willing

Link: https://legal-dictionary.thefreedictionary.com/Fair+Market+Value

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Real Estate Agent Fees: Who Pays the Commission and

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6 hours ago The real estate agent commission is a percentage of the sale price, so the specific amount depends on how much your home sells for, and also varies by real estate agent.

Link: https://www.realtor.com/advice/finance/realtor-fees-closing-costs/

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2021 Real Estate Law DRE

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Just Now 2021 Real Estate Law (as of January 1, 2021) The 2021 Real Estate Law is comprised of statutes and regulations with which real estate practitioners should be familiar. It is divided into four parts by subject matter as follows: Real Estate Law and Subdivided Lands Law. …

Link: https://dre.ca.gov/Publications/RealEstateLaw.html

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Publication 750:(11/15):A Guide to Sales Tax in New …

Guide Tax.ny.gov More results

6 hours ago (TB-ST-75) provide additional information on your responsibilities under the Sales Tax Law. Obligation to register for sales tax purposes . You must register for sales tax purposes with the Tax Department if you make sales that are subject to tax. In addition, you must be registeredto issue or …

Link: https://www.tax.ny.gov/pdf/publications/sales/pub750.pdf

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New York Real Estate Property Laws: Buying or Selling a

New Mosheslaw.com More results

(888) 445-02341 hours ago New York law requires you, the seller, to disclose known home defects to the buyer. Under real estate laws in NY state, you, as a New York home seller, could be found liable to a buyer for having failed to disclose certain property conditions, or defects, in the course of the sale.

Estimated Reading Time: 9 mins
Phone: (888) 445-0234
Location: 517 Brighton Beach Avenue, 2nd Floor, Brooklyn, 11235, NY

Link: https://mosheslaw.com/ny-real-estate-law/

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New York Consolidated Laws, Real Property Law RPP § …

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6 hours ago (a) “Tenant” means a person occupying or entitled to occupy a residential rental premises who is either a party to the lease or rental agreement for such premises or is a statutory tenant pursuant to the emergency housing rent control law 1 or the city rent and rehabilitation law 2 or article seven-c of the multiple dwelling law.

Link: https://codes.findlaw.com/ny/real-property-law/rpp-sect-235-f.html

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Closing Costs Definition

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3 hours ago Closing costs are fees due at the closing of a real estate transaction in addition to the property's purchase price. Both buyers and sellers may be subject to closing costs. Examples of common

Link: https://www.investopedia.com/terms/c/closingcosts.asp

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Statutes & Constitution :View Statutes : Online Sunshine

Online Leg.state.fl.us More results

6 hours ago (a) Authorized brokerage relationships. — A real estate licensee in this state may enter into a brokerage relationship as either a transaction broker or as a single agent with potential buyers and sellers. A real estate licensee may not operate as a disclosed or nondisclosed dual agent. As used in this section, the term “dual agent” means a broker who represents as a fiduciary both the

Link: http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0400-0499/0475/Sections/0475.278.html

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Real Estate Meaning In Law

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7 hours ago Sales Price & List Price in Real Estate: Definition . 2 hours ago Study.com Get All . The list price and sales price are important in the real estate market. A list-to-sell ratio is important as well. When a client wishes to list a home for sale on the market, he must understand

Link: https://globalreal-estate.net/real-estate-meaning-in-law/

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Property Valuation: Definition & Principles Video

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8 hours ago Property valuation is the process of estimating the economic value of real estate. Four foundations of valuation include demand, utility, scarcity, and transferability. Many principles are applied

Link: https://study.com/academy/lesson/property-valuation-definition-principles.html

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Chapter 392 Real Estate Brokers and Salespersons

Chapter Cga.ct.gov More results

7 hours ago Sec. 20-311. Definitions. As used in this chapter, unless the context otherwise requires: (1) “Real estate broker” or “broker” means (A) any person, partnership, association, limited liability company or corporation which acts for another person or entity and for a fee, commission or other valuable consideration, lists for sale, sells, exchanges, buys or rents, or offers or attempts to

Link: https://www.cga.ct.gov/current/pub/chap_392.htm

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Release Clause Definition

Release Investopedia.com More results

5 hours ago In real estate law, they refer to a provision releasing a creditor from a portion of a collateral claim on real property. This can give the mortgagor full rights to a portion of the property after

Link: https://www.investopedia.com/terms/r/release-clause.asp

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What Is a Right of First Refusal in Real Estate?

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8 hours ago In real estate, right of first refusal is a provision in a lease or other agreement. It gives a potentially interested party the right to buy a property before the seller negotiates any other offers.

Link: https://www.realtor.com/advice/buy/right-of-first-refusal/

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What Is Real Estate? The Balance

What Thebalance.com More results

4 hours ago Definition and Examples of Real Estate . Real estate, sometimes referred to as "real property," is technically land plus any other tangible improvement that might rest upon it or be installed in it. The improvement might be a building that's been erected there, or a roadway.

Estimated Reading Time: 7 mins

Link: https://www.thebalance.com/real-estate-what-it-is-and-how-it-works-3305882

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Statutes & Constitution :View Statutes : Online Sunshine

Online Leg.state.fl.us More results

3 hours ago FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES WHO HAVE NO BROKERAGE RELATIONSHIP WITH A POTENTIAL SELLER OR BUYER DISCLOSE THEIR DUTIES TO SELLERS AND BUYERS. As a real estate licensee who has no brokerage relationship with you, (insert name of Real Estate Entity and its Associates) owe to you the following duties: 1.

Link: http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0400-0499/0475/0475.html

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Net Sales Proceeds Definition: 695 Samples Law Insider

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6 hours ago definition. Net Sales Proceeds means, in the case of a transaction described in clause ( i) (A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses.

Link: https://www.lawinsider.com/dictionary/net-sales-proceeds

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52 essential real estate terms you should know Opendoor

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5 hours ago 52 essential real estate terms you should know. Real estate is full of jargon (“DOM”, “HOA”, “pre-qual”, etc), and it can add layers of confusion to an already convoluted process. Whether you’re buying or selling a home, we created this resource to help you learn the vocabulary. We’ve compiled an ever-growing list of 52 real

Link: https://www.opendoor.com/w/blog/real-estate-terms-you-should-know

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Understanding a real estate contract or purchase agreement

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5 hours ago It denotes ownership and description of the property owned,” says Brian D. Swan, real estate attorney and Realtor with Swan Realty in Sandy, Utah. A real estate contract often includes: Price

Estimated Reading Time: 7 mins

Link: https://themortgagereports.com/37569/understanding-a-real-estate-contract-or-purchase-agreement

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RCW 18.85.011: Definitions.

RCW App.leg.wa.gov More results

18.85.0114 hours ago Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Advertising" means any attempt by publication or broadcast, whether oral, written, or otherwise, to induce a person to use the services of a real estate firm, broker, managing broker, or designated broker.

Link: https://app.leg.wa.gov/rcw/default.aspx?cite=18.85.011

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Five Antitrust Concerns for RealEstate Professionals

Five Theantitrustattorney.com More results

7 hours ago Antitrust law is especially relevant to real-estate professionals like brokers and salespeople because (1) competitor brokers both compete and cooperate on a daily basis; (2) prices and commission splits are often announced and well-known; (3) there is a history of tension and battles between a traditional business model and new business models

Link: https://www.theantitrustattorney.com/five-antitrust-concerns-real-estate-professionals/

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What is Consideration for a Deed to Real Estate?

What Deedclaim.com More results

Just Now If money is changing hands—such as when real estate is being sold—deeds will usually list a nominal amount of consideration (e.g., $10.00) or list the actual purchase price of the property. And some states, including Alabama and Michigan, require that the consideration be clearly stated.

Link: https://www.deedclaim.com/consideration/

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Chapter 4735 Ohio Revised Code Ohio Laws

Ohio Codes.ohio.gov More results

1 hours ago Section 4735.01 Real estate broker definitions. (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee. (B) "Real estate" includes leaseholds as well as any and every interest or estate in land situated in this state, whether corporeal

Link: https://codes.ohio.gov/orc/4735

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July 2020 Idaho Real Estate License Law & Rules i

July Irec.idaho.gov More results

4 hours ago real estate salesperson in this state without an active Idaho real estate license therefor. Unless exempted from this chapter, any single act described within the definitions of “real estate broker” or “real estate salesperson” shall be sufficient to constitute “en-gaging in the business” within the meaning of this chapter.

Link: https://irec.idaho.gov/wp-content/uploads/sites/103/publcs/license-law-and-rules.pdf

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Top 60 Real Estate Definitions for Investors to Know

Top Realwealthnetwork.com More results

4 hours ago ROI is one of the top real estate definitions for investors to know. Determining ROI on cash transactions is pretty straightforward. Calculating ROI on financed transactions is a bit more complicated. For example, you buy a rental property for $100,000 and put 20% of the purchase price down or $20,000.

Estimated Reading Time: 10 mins

Link: https://www.realwealthnetwork.com/learn/real-estate-definitions/

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What is a Contract For Deed? Definition & Procedure

What Study.com More results

6 hours ago Sometimes a real estate purchaser cannot obtain conventional financing but a seller may be willing to finance the transaction through the use of a contract for deed.

Link: https://study.com/academy/lesson/what-is-a-contract-for-deed-definition-procedure.html

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Massachusetts law about real estate Mass.gov

Law Mass.gov More results

9 hours ago A compilation of laws, regulations, cases, and web sources on real estate law. This is a general page, but there are many more pages on various aspects of real estate law. Be …

Link: https://www.mass.gov/info-details/massachusetts-law-about-real-estate

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What are the Penalties for Committing Real Estate Fraud

What Legalmatch.com More results

5 hours ago The crime of real estate fraud may be charged as a misdemeanor or a felony, depending upon the severity of the crime and the law of the state in which the fraud is committed. A misdemeanor is punishable by up to a year in prison, and/or monetary fines. A felony is punishable by a prison sentence of one year or more, as well as payment of a more

Estimated Reading Time: 10 mins

Link: https://www.legalmatch.com/law-library/article/criminal-consequences-for-real-estate-fraud.html

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The Law Relating to Real Estate Brokers and Managing Brokers

Brokers Dol.wa.gov More results

50.04.2301 hours ago Excise tax on real estate sales: Chapter 82.45 RCW. Real estate salesman or broker on commission not subject to unemployment compensation: RCW 50.04.230. 18.85.011 18.85.011 Definitions.18.85.011 Definitions. The definitions in this section apply throughout this …

Link: https://www.dol.wa.gov/business/realestate/docs/relawbook.pdf

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Code of Laws Title 40 Chapter 57 Real Estate Brokers

Code Scstatehouse.gov More results

5 hours ago Real estate brokerage firm duties to client; agency relationship; applicability of common law. (A) A real estate brokerage firm that provides services through an agency agreement for a client is bound by the duties of loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting as set forth in this chapter.

Link: https://www.scstatehouse.gov/code/t40c057.php

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Rules and Laws TREC

Rules Trec.texas.gov More results

1 hours ago Rules and Laws. Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, the Residential Service Company Act, and the Timeshare Act. These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate

Link: https://www.trec.texas.gov/rules-and-laws

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Real and personal property Britannica

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6 hours ago Real and personal property, a basic division of property in English common law, roughly corresponding to the division between immovables and movables in civil law.At common law most interests in land and fixtures (such as permanent buildings) were classified as real-property interests. Leasehold interests in land, however, together with interests in tangible movables (e.g., goods, animals, or

Link: https://www.britannica.com/topic/real-property

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Texas Property and Real Estate Laws FindLaw

Texas Statelaws.findlaw.com More results

Just Now Property and real estate law includes homestead protection from creditors; relationships between landlords and tenants; and other matters pertaining to one's home or residence. Property and real estate laws also include zoning regulations, which determine which kinds of structures may be built in a given location. In Texas, for example, there is no limit on how much a landlord may require for

Link: https://statelaws.findlaw.com/texas-law/texas-property-and-real-estate-laws.html

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Real Estate Assessed Value VS Fair Market Value

Value Maxrealestateexposure.com More results

508-625-01916 hours ago About the author: The above Real Estate information on real estate assessed value vs fair market value was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 31+ Years.

Estimated Reading Time: 9 mins

Link: https://www.maxrealestateexposure.com/real-estate-assessed-value-vs-fair-market-value/

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Legal Definition of Sale UpCounsel

Legal Upcounsel.com More results

Just Now Legal Definition of Sale. An agreement by which one of the contracting parties gives a thing and passes the title to it, in exchange for a certain price in current money. 8 min read

Estimated Reading Time: 5 mins

Link: https://www.upcounsel.com/legal-def-sale

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OCCUPATIONS CODE CHAPTER 1101. REAL ESTATE BROKERS AND

CODE Statutes.capitol.texas.gov More results

8 hours ago (a) listing the real estate in a publication primarily used for listing real estate; or (b) referring information about the real estate to brokers. (1-a) "Business entity" means a "domestic entity" or "foreign entity" as those terms are defined by Section 1.002 , Business Organizations Code, that is qualified to transact business in this state.

Link: https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm

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Price Gouging Laws by State FindLaw

Price Findlaw.com More results

7 hours ago Most of these laws provide for civil penalties, as enforced by the state attorney general, while some state laws also enforce criminal penalties for price gouging violations. The definition of "excessive" or "unconscionable" pricing is generally determined by looking at average prices in the affected area over a given look-back period prior to

Link: https://www.findlaw.com/consumer/consumer-transactions/price-gouging-laws-by-state.html

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Real Estate Referral Fees: How They Work & Best Practices

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7 hours ago Real estate referral fees are the portion of real estate commissions paid to a real estate broker in exchange for client referrals. Though subject to negotiation, a typical referral fee is 25% of the gross commission for a single side of a transaction. Real estate referrals happen all the time for a variety of reasons.

Link: https://theclose.com/real-estate-referral-fees/

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There Is Breach of a Real Estate Contract By Buyer. What

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3 hours ago At Law Office of Yuriy Moshes, we are experienced in such real estate matters and real estate contract law. We represent sellers and buyers in the greater New York City area including all its boroughs, including Manhattan, Brooklyn, Queens, the Bronx, and Staten Island) as well as Northern New Jersey, Long Island, and Upstate New York.

Link: https://mosheslaw.com/real-estate-breach-of-contract/

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Real estate agent Wikipedia

Real En.wikipedia.org More results

8 hours ago A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property.While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.

Estimated Reading Time: 11 mins

Link: https://en.wikipedia.org/wiki/Real_estate_broker

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Real Estate Agent Responsibilities & Duties What to Do

Real Moneycrashers.com More results

2 hours ago Would-be agents must take and pass a real estate examination. The exam tests the applicant’s knowledge of real estate principles, laws, agent responsibilities, and similar topics. Age. Real estate agents must be at least 18 years old. Criminal Background Check. Typically, real estate agents must pass a …

Link: https://www.moneycrashers.com/real-estate-agent-responsibilities-duties/

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Frequently Asked Questions

What do you mean by gross sales price in real estate?

Definition of "Gross Sales Price". The definition of gross sales price in real estate refers to the combined cost of a property or listing before subtracting the real estate agent’s commission, sales tax and other auxiliary fees. In short, it is the price, in its entirety, that the buyer must pay in order to purchase the property.

How much does a real estate agent charge to sell a house?

The specific amount depends on how much your home sells for, but it's commonly 6% of the sale price. For example, if the home sells for $500,000, the real estate agent fees of 6% would be $30,000. The fee is split between the buyer’s agent and the seller’s agent.

What does real estate mean in the Code of Laws?

(22) "Real estate" means land, buildings, and other appurtenances, including all interests in land, whether corporeal, incorporeal, freehold, or nonfreehold, whether the real estate is within or outside of the boundaries of this State.

How does the price of real estate affect its value?

The maximum worth of the real estate is influenced by the cost of acquiring a substitute or comparable property. Of all the factors that influence market value, the primary consideration is the highest and best use of the real estate.

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