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2. Can a seller back out of a real estate contract? - AOL

   www.aol.com/finance/seller-back-real-estate...

   The language of real estate contracts is typically written to protect buyers. And in many cases, a home seller who reneges on a purchase contract can be sued for breach of contract.

3. Option fee - Wikipedia

   en.wikipedia.org/wiki/Option_fee

   The residential real estate industry in Texas is unique in that the real estate sales contract forms used in most transactions in the state are developed through a state agency, the Texas Real Estate Commission (TREC). TREC's Broker-Lawyer Committee develops standard contract forms and addenda which are promulgated by the Commission.

4. 72-hour clause - Wikipedia

   en.wikipedia.org/wiki/72-hour_clause

   A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

5. Rescission (contract law) - Wikipedia

   en.wikipedia.org/wiki/Rescission_(contract_law)

   In finance, law, and insurance, rescission is the termination of a contract from the beginning (as if it never existed), rendering it void ab initio. In 2009, one judge ruled that borrowers who refinanced into an adjustable-rate mortgage could force a bank to rescind mortgage loans if it acted similarly inappropriately. [ 9 ]

6. Interstate Land Sales Full Disclosure Act of 1968 - Wikipedia

   en.wikipedia.org/wiki/Interstate_Land_Sales_Full...

   A regulated developer is to provide each purchaser with a disclosure document called a Property Report. The Property Report contains relevant information about the subdivision and must be delivered to each purchaser before the signing of the contract or agreement and gives the purchaser at a minimum a 7-day period to cancel the purchase agreement.

7. Navigating the IRS alphabet soup: There are nearly two dozen ...

   www.aol.com/finance/navigating-irs-alphabet-soup...

   Form 1099-S: Real estate transactions The sale or exchange of real estate is reported on Form 1099-S . It may or may not need to be included in your tax return.