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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. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
A multiple listing service's database and software is used by real estate brokers in real estate (or in other industries, for example, aircraft brokers [1]), representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in ...
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
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A modest home in the Butterworth Farms neighborhood of Morris Township, New Jersey turned heads this month when it sold for an eye-popping $255,000 above the asking price, marking a staggering 26% ...
Binder – In law, a binder (also known as an agreement for sale, earnest money contract, memorandum of sale, or contract to sell) is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is ...
And it costs $500,000,” Gerli said. “And they immediately give up. ... and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target ...
Cost. $300 to $700 — often paid by the lender, if you meet certain conditions. Lower or no appraisal fees. Property verification. Full interior and exterior inspection. Drive-by photos ...