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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 ...
The short answer is yes, a seller can hypothetically sue a buyer for backing out. But it depends heavily on the circumstances and reasons surrounding the contract termination. “If all of the ...
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...
A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
Re/Max agreed to pay $55 million, and Anywhere Real Estate, the Madison-based company that owns Coldwell Banker and Sotheby's International Realty, agreed to pay $83.5 million. And both said they ...
The Contract Buyers League (CBL) was a grassroots organization formed in 1968 by residents of North Lawndale, a Chicago, Illinois community. [ 1] The CBL was founded in order to address the exploitative practices of predatory land contracts in African American communities. The organization played a significant role in raising awareness about ...