Definition of "Backup contract"

Gina  Teague real estate agent
Gina Teague, Real Estate Agent RE/MAX Unlimited

Secondary written agreement to purchase real property in the event the initial contract is not signed.

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Comments for Backup Contract


Dave Bahls Dave Bahls said:

Back-up Withholding meaning

Nov 19, 2018  17:39:11

 
Real Estate Agent

Hello Dave
We suggest you read the Backup Withholding glossary term for a detailed look. But, basically, it is tax levied by the IRS on your investments outcomes the moment you withdraw that money. 

Nov 29, 2018  17:18:11
 

 

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