No Deal, No Commission Clause
A clause that may be inserted in a listing agreement stating no commission will be paid to the broker until the property title has actually been transferred. Normally, willing and able buyer has been found who agrees to the terms of the sale. This protects the seller from being liable for a commission in the event a sale does not actually occur.
Popular Real Estate Terms
Claim made by a federal or local government agency against a taxpayer's property for delinquent or overdue taxes. The tax lien is effected through tax assessment, demand, and failure to ...
Restoring real property to an improved state. The restoration is usually needed because the property's condition has worsened. ...
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Deed that states "love and affection" as the consideration for the gifted real estate. ...
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Any written evidence or tangible material which can be reproduced as written material which is coherent and related to the subject at hand. This includes documents, contracts, inscriptions ...
See assumption of mortgage; deed of trust. ...
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