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  2. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:

  3. Law of agency - Wikipedia

    en.wikipedia.org/wiki/Law_of_agency

    The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1] It may be referred to as the equal ...

  4. Agency agreement - Wikipedia

    en.wikipedia.org/wiki/Agency_agreement

    An agency agreement is a legal contract creating a fiduciary relationship whereby the first party ("the principal ") agrees that the actions of a second party ("the agent ") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements. The power of the agent to bind the principal ...

  5. What can a seller do if a homebuyer backs out of the contract?

    www.aol.com/finance/seller-homebuyer-backs...

    Backing out after signing the contract. A homebuyer can back out of a purchase even after a purchase and sale agreement has been signed. The ramifications of a buyer opting to walk away vary based ...

  6. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...

  7. Agency in English law - Wikipedia

    en.wikipedia.org/wiki/Agency_in_English_law

    Agency in English law. Agency in English law is the component of UK commercial law that deals with the application of agency law in the United Kingdom, and forms a core set of rules necessary for the smooth functioning of business. In 1986, the European Communities enacted Directive 86/653/EEC on self-employed commercial agents.

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