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  2. Good guy clause - Wikipedia

    en.wikipedia.org/wiki/Good_guy_clause

    Many landlords would rent office space to small companies or start-ups. If those companies got into financial trouble, they would fail to make payments on the property but refuse to give up the space, forcing the property owners to go through the process of eviction. [1] This led to the demand, and creation of the Good Guy Clause.

  3. Exclusive buyer agent - Wikipedia

    en.wikipedia.org/wiki/Exclusive_buyer_agent

    His 1987 book "Agency Relationships in Real Estate" was the culmination of several years working with the National Association of Realtors (NAR) and NARELLO the license law arm of the association. In November 1985 California entrepreneur Ridgely Evers' America's First Home Store opened in Chandler, Arizona, as the first Exclusive Buyer ...

  4. Purchase and sale agreement - Wikipedia

    en.wikipedia.org/wiki/Purchase_and_Sale_Agreement

    A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.

  5. NYC considers ending broker fees for tenants, angering real ...

    www.aol.com/news/nyc-considers-ending-broker...

    But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.

  6. City Hall pauses ‘fishy’ lease agreement with Adams donor ...

    www.aol.com/city-hall-pauses-fishy-lease...

    Emails show the councilmembers requested the Adams administration withdraw the lease agreement and conduct a review of all the real estate transactions that Hamilton — the DCAS’ deputy ...

  7. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    The real estate contract is typically not recorded with the government, although statements or declarations of the price paid are commonly required to be submitted to the recorder's office. Sometimes real estate contracts will provide for a lawyer review period of several days after the signing by the parties to check the provisions of the ...

  8. NYC bans unusual practice of forcing tenants to pay real ...

    www.aol.com/nyc-bans-unusual-practice-forcing...

    Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...

  9. Equitable conversion - Wikipedia

    en.wikipedia.org/wiki/Equitable_conversion

    In most jurisdictions, the real property interest created by the contract will pass to the buyer's heirs, while the seller's personal property interest created by the contract will pass to the seller's estate. The State of New York does not recognize equitable conversion. In New York, as long as the buyer is without fault, the risk of loss ...

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