RealEstateAgent.com is a method of Real Estate Agents and Agencies. In no way is RealEstateAgent.com responsible for the services provided by the advertisers on this site, nor can it be held liable for any damages resulting from the services, contacts, or deals resulting from agents found within this site. Please view our Disclaimer for more details.
Have a question or comment?
We're here to help.
Comments for Common Law
i want to know why common law is relevant in real estate.
Aug 18, 2020 23:49:56Hey! Common law is a body of unwritten law established by the court. Unusual cases that cannot be determined based on existing written laws will be influenced by common law in order to make a decision. For example, in real estate very often you will hear about the common law property system, which is a system used to determine ownership of property during marriage. This is fairly important in distributing wealth after one of the spouses passed away or during a divorce.
Sep 07, 2020 09:10:11