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Apr 16, 2024 · The Oxford Dictionary defines contingency as “a future event or circumstance which is possible but cannot be predicted with certainty; A provision for an unforeseen event or circumstance; An incidental expense.” The contingency definition in a real estate contract is a condition that must be fulfilled for the transaction to move forward ...
Mar 28, 2024 · Real Estate Settlement Procedures Act - RESPA: The Real Estate Settlement Procedures Act, or RESPA, was enacted by Congress to provide homebuyers and sellers with improved disclosures of ...
Apr 9, 2024 · The importance of having a team of real estate attorneys. Real estate litigation involves a dispute between buyers, sellers, landlords, tenants, and other parties involved in the ownership or use of residential and commercial properties. Processes involving real estate litigation are both complex and contentious, which highlights the importance ...
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Mar 28, 2024 · In simple terms, escrow disbursement is the process of distributing funds held in an escrow account to the appropriate parties in a real estate transaction. These funds are typically used to pay property taxes, insurance premiums, and other related expenses on behalf of the homeowner.
3 days ago · As we navigate the ever-evolving landscape of real estate we are hearing a lot lately about how the proposed lawsuit settlement with the National Association of REALTORS® will allow buyers the freedom to represent themselves in a real estate transaction. We want to highlight the facts surrounding what a buyer’s agent brings to the transaction.
4 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.
Apr 11, 2024 · The liquidated damages clause in a real estate contract is a reasonable and agreed upon amount that would be awarded to the seller, should the buyer breach the contract under certain circumstances. The amount of liquidated damages can vary by contract or state law.
