Get the Virginia REALTORS Form 600 Residential Contract of
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People also ask
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Which of these is a central element of an antitrust violation quizlet?
Although antitrust can and does take several forms in real estate, the central elements of an antitrust violation involve a contract, a conspiracy between or among competitors to unreasonably restrain trade, or a combination of these things, as the diagram shows. -
What is a contract for the sale of a residence?
A real estate purchase agreement is a legally binding agreement that governs the purchase and sale of a property. Made between a buyer and seller, it defines the terms of the transaction and the conditions under which a sale will occur. -
How do I get out of a real estate contract in Virginia?
In Virginia, a seller can get out of a real estate contract if the buyer's contingencies are not met—these include financial, appraisal, inspection, insurance, or home sale contingencies agreed to in the contract. Sellers might have additional exit opportunities with unique situations also such as an estate sale. -
What does sales contract mean in real estate?
A contract for the purchase/sale, exchange, or other conveyance of real estate between parties. The contract must be in writing, contain the full names of the buyer(s) and seller(s), identify the property address or legal description, identify the sales price, and include signatures by the parties. -
What constitutes a contract in Virginia?
A contract is an agreement with specific terms between two or more persons or entities in which there is a promise to do something in return for a valuable benefit known as “consideration.” -
Which of the following does the Virginia Antitrust Act make unlawful?
Which of the following does the Virginia Antitrust Act make unlawful? Any contract, combination or conspiracy resulting in the restraint of trade within the commonwealth. -
Can you back out of a house contract in Virginia?
Purchaser's rights of cancellation. A. A purchaser shall have the right to cancel the contract until midnight of the seventh calendar day following the execution of such contract. -
Which of these is a central element of an antitrust violation?
A Section 1 violation has three elements: (1) an agreement; (2) which unreasonably restrains competition; and. (3) which affects interstate commerce. -
What is a residential sales contract Virginia?
A Virginia residential purchase and sale agreement is used by potential home buyers to make an official offer to purchase a property. The document outlines the buyer's initial terms which the seller must respond to within a specific period or the offer will become invalid. -
Which of these has examples of antitrust violations common to real estate quizlet?
The most common antitrust violations that occur in the real estate business are price-fixing, boycotting competitors, and allocating customers or markets. -
Which type of antitrust violation involves two or more businesses conspiring against another business?
Market allocation involves two companies conspiring to divide a market in order for two businesses to sell similar products at higher prices to drive away competition. -
Can a buyer back out of a real estate contract in Virginia?
Under certain circumstances, yes a buyer can back out of a real estate contract in Virginia. Under the Virginia Code cancellation of sale laws, a buyer has three business days to back out of a real estate contract for any reason.
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