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  2. 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 ...

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

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

    And legally speaking, it can be very difficult to do so once a real estate contract has been signed. The language of real estate contracts is typically written to protect buyers. And in many cases ...

  4. Guide to closing on a house: What to expect during the ... - AOL

    www.aol.com/finance/guide-closing-house-expect...

    Purchase agreement: This is a binding contract that spells out the terms of a real estate transaction. Signing it finalizes the purchase of a property. Signing it finalizes the purchase of a property.

  5. How to successfully negotiate real estate commissions - AOL

    www.aol.com/finance/successfully-negotiate-real...

    Real estate commission rates used to typically total around 6 percent of a home's sale price, but in recent years, that amount has been closer to 5 percent. Due to a recent lawsuit, sellers will ...

  6. Purchase and sale agreement - Wikipedia

    en.wikipedia.org/wiki/Purchase_and_Sale_Agreement

    A purchase and sale agreement ( PSA) or alternatively a sales and purchase agreement ( SPA) [1] 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, or other assets is referred to as the buyer and ...

  7. 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 seller ...

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