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  2. Merger doctrine (property law) - Wikipedia

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

    The parties may by contract abrogate the doctrine and provide that some or all terms of the contract survive the closing and delivery of the deed. [citation needed] Merger of real property lots. The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted ...

  3. Real estate transaction - Wikipedia

    en.wikipedia.org/wiki/Real_estate_transaction

    A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller (s) and the other being the buyer (s). It can often be quite complicated due to the complexity of the property rights being transferred ...

  4. Property abstract - Wikipedia

    en.wikipedia.org/wiki/Property_abstract

    A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds, mortgages, wills, probate records, court litigations, and tax sales —basically, any legal document that affects the property. The abstract will show the names of all ...

  5. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...

  6. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...

  7. ‘Rigged’: Federal US court awards $1.8B in damages after ...

    www.aol.com/finance/rigged-federal-us-court...

    The lawsuits in Missouri and now in South Carolina are all about real estate broker commissions, which typically total around 5-6% of a property’s selling price in the U.S. and are often split ...

  8. Specific performance - Wikipedia

    en.wikipedia.org/wiki/Specific_performance

    Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. [1] It is typically available in the sale of land law, but otherwise is not generally available if damages are an appropriate alternative.

  9. 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. The person, company, or other legal entity acquiring, receiving, and purchasing the property, stock ...

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