Contract to act on the behalf of a principal in selling real estate. The principal agrees to pay a commission to the broker when a buyer is produced who is ready, willing, and able to meet the agreed upon terms of the sale.
Canceling, nullifying, terminating, or dishonoring a contractual obligation. The
Truth-in-Lending Act provides the right of rescission whereby a person can annul a contract without ...
Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charities, and government buildings do not pay property tax because of their tax-free status. ...
Founded in 1930 and located in Centerville, UT, NARELLO has 700 members consisting of state administrators managing real estate licensing laws. It seeks to improve real estate licensing ...
Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a mortgage agreement provides a mortgagor the ability to surrender a mortgage property in ...
The term master deed is a deed filed by a condominium developer or converter to record all of the individual condominium units owned within a condominium development. For example, a ...
refusal of one party to a contract to carrying out his or her responsibilities under the
agreement. An example is when a builder refuses to perform previously agreed services for the buyer ...
The year 2021 came with several drastic changes in the real estate industry, and real estate agents need to improve their game daily. Whether these changes were brought about by the ...
Heading towards the west coast of Florida you will run into the Tampa Bay area, one of the most visited places in the state. If we are moving more inland, away from the beach area, you will ...
The time to buy a home has finally arrived as you are ready to make this big financial move for your future. There are a lot of questions that might come to mind at this point. Having the ...
The answer to this question depends on what kind of investment you are referring to. The city of Cape Coral, FL was the original master-plan investment. It started out as the Rosen ...
So, you’re thinking of moving to Dallas TX. We don’t blame you! The city of Dallas has dozens of compelling incentives that might cause you to consider making your home there, ...
If you’ve ever been in a middle-American suburb, chances are you’ve seen an open house. With a sign standing proud in the front yard, these homes are opened for any and all ...
There are a lot of important factors to consider when choosing a possible new home. Things like the cost of living, availability of jobs and available amenities all play a major role in ...
Maryland is one of the smaller states of America that really stands out for its beauty and diversity. Different types of climates make for different types of flora, therefore, in Maryland, ...
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