John Mayfield
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Recent activity by John Mayfield-
How do I get my fingerprints for my license?
Depending on which state you are in, the fingerprint process can work differently. First, check with your state's real estate commission website for the most up-to-date information regarding the f...
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Unit Owner (Virginia State Definition)
Unit owner: A person owning a unit, including buyers from foreclosure, but excluding those holding it as security for debt.
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Unit (Virginia State Definition)
Unit: A part of the condominium that is owned and used individually.
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Special Declarant Rights (Virginia State Definition)
Special declarant rights: Rights reserved by the declarant, like adding land or changing officers.
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Size (Virginia State Definition)
Size: The cubic or square footage of a unit, calculated based on set standards.
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Settlement Agent (Virginia State Definition)
Settlement agent: Defined in § 55.1-1000.
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Reserve Study (Virginia State Definition)
Reserve study: A study assessing the cost and funding for repairs of capital components.
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Purchaser (Virginia State Definition)
Purchaser: Someone buying a legal interest in a unit, excluding short-term leases or security interests.
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Person (Virginia State Definition)
Person: Any entity capable of owning property, such as a person, corporation, or partnership.
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Par Value (Virginia State Definition)
Par value: A value assigned to each unit for assessment purposes.