Real Estate Term of the Day: Buyer’s Broker BUYER’S BROKER – an agent hired by a prospective purchaser to find an acceptable property for purchase. The broker then represents the buyer and negotiates with the seller in the purchaser’s best interest (Barron’s Dictionary of Real Estate Terms) See also: AGENCY, AGENCY DISCLOSURE, AGENT & BROKER In the State … More Real Estate Term of the Day: Buyer’s Broker
Real Estate Term of the Day: Backup Contract BACKUP CONTRACT – a contract to buy real estate that becomes effective if a prior contract fails to be consummated (Barron’s Dictionary of Real Estate Terms) In a buyer’s market, we don’t see as many backup contracts placed on homes. There are, however, times when we will … More Real Estate Term of the Day: Backup Contract
Real Estate Term of the Day: Amendment AMENDMENT – a change, correction, or extension of an agreement that does not modify the basic thrust of the agreement (Barron’s Dictionary of Real Estate Terms) The two most typical items that we will use an amendment document is to change contract dates (purchase contract) or price (listing … More Real Estate Term of the Day: Amendment
LESLIE MONACO REAL ESTATE 