The Agreement Whereby A Broker Is Entitled To Be Paid A Commission By A Buyer Is A(N)
FEDERAL TAX LIEN – A federal pawning fee that places real estate, either when federal property taxes are not paid or when the taxpayer has violated federal income tax or payroll taxes. AGENT – Someone who has the right to represent and act on behalf of another person (called the client). A real estate agent is his client`s broker, whether the seller or buyer, to whom he owes a fiduciary duty. A seller is the representative of his broker and has no direct contractual relationship with the seller or with the buyer. Unless expressly agreed otherwise, any land sale contract contains a tacit undertaking that the seller entrusts the buyer with a “marketable” property. The marketable security is a security free of litigation and/or doubt to the extent that a reasonable buyer would accept it. A seller who did not provide a marketable security under a contract explicitly or tacitly claiming a marketable security breached the contract. In this case, the buyer may refuse to pay the purchase price of this land and sue the seller for any other damage caused to the buyer by the violation. RENTAL AGREEMENT – A written or oral agreement that defines or amends conditions, conditions, rules, rules or other provisions relating to the use and occupancy of a dwelling and premises unit; a rental property contract. LAND CONTRACT – Another name for a catch-up tempered purchase contract whereby the buyer obtains a fair property (the right to use the property), while the seller retains the legal right (registered title) as collateral for payment of the balance of the purchase price. FORECLOSURE – A legal procedure in which the property used as collateral for debt is sold to settle the debt in the event of default upon payment of the mortgage or the delay of other conditions in the mortgage document. CLOSING COSTS – Selling costs payable in addition to the purchase price (in the case of the buyer`s fee) or deducted from the proceeds of the sale (in the case of the seller`s expenses).
LEASE – A tenancy agreement is both a contract between the landlord (owner) and the tenant (tenant) and a transfer or wear of the premises by the lessor to the taker. A lease agreement is a contract in this position that indicates the agreement between the parties. MONEY – The cash deposit (including initial and additional deposits) paid by the potential purchaser of real estate as proof of his intention to have accounts; Money from the hand or towels of money are called in some states. The sale agreement between buyers and sellers is governed by the general principles of contract law. See the contracts. The Fraud Act requires that real estate contracts be entered into in writing. See z.B. California Civil Code 1624. LEVEL PAYMENT MORTGAGE – A mortgage that must be repaid in the same periodic payments that include both principal and interest. PERFORMANCE BOND – A loan typically reserved by one of those who is supposed to perform work for another, which guarantees that a project or business is underwritten in accordance with an agreement or contract. FINANCE FEE – Mortgage brokerage fees to cover the costs of placing the mortgage with a credit institution; Borrowing or original fees.
PREPAYMENT PRIVILEGE – The debtor`s right to pay the debt in whole or in part with impunity before maturity, for example. B in the case of a mortgage or a sale agreement.