What is a real estate stamp tax?

Answer When real estate changes ownership, government bodies collect a tax based on the value of the property. Real estate tax stamps provide the proof that the tax has been paid in accordance with the la... Read More »

Top Q&A For: What is a real estate stamp tax

What is a revenue stamp value in real estate?

The revenue stamp on a real estate document is a stamp issued by the state government used to show that taxes have been paid on a particular sale or transfer of real estate. A revenue stamp can be ... Read More »

Why be a real estate broker vs. a real estate agent?

While many people use the terms interchangeably, there is a difference between a real estate broker and a real estate agent. Being a real estate broker has several advantages over being a real esta... Read More »

Is a notary stamp enough in Illinois for a small estate affidavit?

In the state of Illinois, the Small Estate Affidavit requires the signature and date of the affiant, as well as a phone number. It is also a document that is required to be notarized and signed by ... Read More »

What is REO in real estate?

REO stands for "Real Estate Owned" and is used to describe a property that has gone through foreclosure without receiving a successful bid. Without a new buyer for the property, the lender, usually... Read More »