Not exact matches
Real
estate purchase
contract: Also known as an agreement of
sale, a legally binding agreement
between buyer and seller stipulating the terms and conditions of the
sale of a real
estate property.
The most basic way of transferring ownership is through a Bill of
Sale, a legal document that represents the
contract between the buyer and the seller stipulating an exchange of property (real
estate) for currency.
Moreover, a residential buyer in Florida also takes on the risk that the value of the property may deteriorate, or fall, during the time period
between signing the
sales agreement and finalizing the deal at the closing table (Note: Most real
estate contracts have an appraisal provision that allows a buyer to cancel the transaction if the property appraisal is insufficient — normally, this provision is only applicable to when a buyer is obtaining mortgage financing).
a real
estate sales agreement is a formal written
contract made
between a homebuyer and seller.
According to federal law, for federal tax purposes, real
estate agents will not be treated as employees if these three requirements are met: (1) The agent must be licensed; (2) Substantially all income must be made on the basis of
sales or output, not on hours worked; and (3) There must be a written
contract between the salesperson and company stipulating independent contractor status.
Any form of fiduciary or brokerage relationship
between INVESTWAY and you shall not exist unless and until an INVESTWAY agent shows you property available for
sale or lease, or you request an INVESTWAY agent to assist you in procuring a real
estate sales or lease
contract on terms acceptable to you for the purchase, rental, or
sale of a parcel of real
estate;