An Exclusive Agency Listing is an agreement between a seller and a real estate firm or agent granting the firm or agent the right to be the only firm or agent to market and sell a property, except the seller retains the right to market and sell the home to a buyer without having to […]
An exclusive listing is used to motivate an agent to sell a property quickly — within a specific number of months. If they meet that goal, the agent gains a commission regardless of how a buyer is found.
A title examination reviews all public records tied to a property. It generally reviews all previous deeds, wills, and trusts to ensure the title has passed cleanly and legally to every new owner.
A property listing that has expired per the terms of the listing agreement.
Fixtures or personal property that are excluded from the contract or offer to purchase.
A brokerage expense account that accrues charges for marketing.
An account into which borrowers pay monthly prorations for real estate taxes and property insurance.
Electronic or Internet-based communication.
A report issued by Registrar or Sub-Registrar’s office after due verification of the relevant documents certifying that the property in question is free from mortgages, leases, easements or any other kinds of restrictions.
A nominal sum of money given as a token to the vendor, signifying the assent to a contract of sale. It affirms that the parties have made up their minds to purchase the said property.