CBS1 8 10 Contract to Buy and Sell Real Estate Residential Justia Form
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People also ask
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Is a listing agreement a sales contract?
A listing agreement is a contract between you and your agent that says the agent can represent you and market your property to potential buyers and their agents and establishes the sales price for your home.
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Who prepares the contract, the buyer or the seller?
Here's the quick answer: Buyer's Real Estate Agent: Usually responsible for preparing the purchase agreement using standardized forms. Seller's Real Estate Agent: Reviews and negotiates the terms but does not usually prepare the initial agreement.
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What type of contract gives a buyer the right to purchase but not an obligation?
An option contract is an agreement between two parties that gives the holder the right, but not the obligation, to buy or sell an asset at a specified price within a certain timeframe. The buyer of the option pays the seller a premium for this right.
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Is the listing agreement a contract for sale of real estate?
A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property.
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What is the statute of frauds with regards to contracts to buy or sell real estate in Texas?
The statute of frauds requires certain contracts to be in writing in order to avoid fraudulent claims by plaintiffs. If a conveyance of an interest in real property does not sufficiently describe the land to be conveyed, it is void and under the statute of frauds. See Republic Nat'l Bank of Dallas v. Stetson, 390 S.W.
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How long do listing agreements usually last?
The simplest way to terminate a listing agreement is through mutual consent. If both you and your agent agree to part ways, you can cancel the agreement without penalties. Make sure to document this agreement in writing, as it will serve as evidence in case of any disputes later on.
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