Dual Contract


Definition of "Dual contract"

Dennis Ciesil
  Baird & Warner Real Estate

Illegal practice of having two contracts for the same transaction. One contract may be used as a subterfuge to achieve the second contract.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Internal Rate Of Return (IRR)

Real annual return on a real estate investment. It equates the initial investment with the present v ...

Free Trade Zone

Geographical area in which commerce can be conducted without tariffs being applied. The concept was ...

Asbestos

Fibrous, fire-proofing material that was used in buildings and homes for insulation. ...

Limit, Standard

Same as term Basic Limit of Liability: required minimum amounts of coverage that an insurance compan ...

Adjuster

Individual employed by a property and casualty insurance company to settle on its behalf claims brou ...

Mortgage Release Price

Amount required to payoff the full balance of the mortgage today. The amount equals the principal ba ...

Related Real Estate FAQ

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Real Estate Open House - The Dos and Don Top Five Reasons Your Home Offer was Rejected Should you Buy a Home with Cash? What is Escrow and how does it Work? How To Get A Loan with Bad Credit

FAQ

What is a point? What is an assumable mortgage? What does Fannie Mae mean? What is a cap? What is the APR for This ARM Loan?