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2. 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.

3. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a fair market value determined by an appraisal. Lenders will often not lend more than a certain percentage (fraction) of the appraised value, so ...

4. United States contract law - Wikipedia

   en.wikipedia.org/wiki/United_States_contract_law

   In other states, notably Illinois, contracts requiring performance for a lifetime are covered by the Statute. The statute of frauds requires the signature of the party against whom enforcement is sought (the party to be sued for failure to perform). For example, Bob contracts with the Smith Company for two years of employment.

5. Land contract - Wikipedia

   en.wikipedia.org/wiki/Land_contract

   For example, if a buyer pays a $2,000 down payment and borrows $8,000 for a $10,000 parcel of land, and pays off in installments another $4,000 of this loan (not including interest), the buyer has $6,000 of equity in the land (which is 60% of the equitable title), but the seller holds legal title to the land as recorded in documentation in a ...

6. Real estate agents and brokers - Wikipedia

   en.wikipedia.org/wiki/Real_estate_broker

   Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...

7. Merger doctrine (property law) - Wikipedia

   en.wikipedia.org/wiki/Merger_doctrine_(property_law)

   The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1 ...