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4 days ago · It was a real estate transaction gone wrong. One full of “poor communication,” “verbal agreements” and “heightened emotion,” real estate lawyers say — a recipe for disaster ...
3 days ago · April 23, 2024 (1 min read) The ever-growing number of environmental laws has significantly affected real estate acquisitions. Nearly every purchase agreement will contain environmental representations and warranties, with the seller disclosing known environmental matters, and the parties allocating liability for environmental issues.
5 days ago · A real estate purchase agreement spells out the terms under which a buyer and seller agree to engage in a real estate transaction. Signing a purchase agreement effectively places both the buyer and seller (as well as the property in question) “under contract.”
- Does a real estate purchase agreement need to be notarized?No, a real estate purchase agreement does not require notarization to be valid as it is not filed with county records.
- Can a real estate contract be terminated?A real estate contract can be terminated either when the option is included within the contract, or when your state’s regulations allow you to do s...
- Who pays for the purchase contract?The associated fees of drawing up this contract are typically included in the seller’s agent commission fee which is paid by the seller as part of...
5 days ago · What is “Procuring Cause” in real estate transactions? “Procuring Cause” refers to the agent or party that initiated a series of events leading to a successful real estate transaction. Understanding this concept is crucial in determining commission rights and obligations.
1 day ago · The report shows the share of commercial property transaction volume accounted for by distressed sales in the US rose to 3.9 percent in Q1 2024 – the highest level since Q4 2015. Furthermore, around $1 billion of the $3.2 billion in distressed sales volume in the quarter was attributable to the apartment sector, MSCI wrote, with retail also ...
5 days ago · By listing as CCS, the listing remains active in the MLS which in turn allows agents to continue to show and take backup offers for the listing. In a low-inventory market, having backup offers provides the opportunity for buyers to have options, and sellers to have reassurance. Last Modified: Monday, February 27, 2017.
5 days ago · A broker is a real estate agent who meets advanced licensing requirements to oversee other agents. Learn what a real estate broker is and what they do.
