Real Estate Term of the Day: Megan’s Law

Real Estate Term of the Day: Megan’s Law MEGAN’S LAW – federal law requiring states to develop programs to notify communities when convicted sex offenders are released into their neighborhood. In most cases, a public register is maintained to indicate the presence of an offender. Formally, the Child Protection Act of 1996. (Barron’s Dictionary of Real Estate … More Real Estate Term of the Day: Megan’s Law

Real Estate Term of the Day: Material Fact

Real Estate Term of the Day: Material Fact MATERIAL FACT – a fact that is germane (relevant) to a particular situation; one that participants in the situation such as a trial, may reasonably expected to consider (Barron’s Dictionary of Real Estate Terms)  In the Colorado Real Estate Commission approved Exclusive Right-to-Buy Listing Contract and the Exclusive … More Real Estate Term of the Day: Material Fact

Real Estate Term of the Day: Listing Agreement

Real Estate Term of the Day: Listing Agreement LISTING AGREEMENT – a contract between a seller and a real estate professional to market and sell a home. A listing agreement obligates the real estate professional to seek qualified buyers, report all purchase offers and help negotiate the highest possible price and most favorable terms for … More Real Estate Term of the Day: Listing Agreement