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
Real Estate Term of the Day: Agent AGENT – a licensed real estate broker who is given authority to transact business for another with authority (Barron’s Dictionary of Real Estate Terms) See also: AGENCY & AGENCY DISCLOSURE In Colorado, to become a licensed real estate agent/broker a person must complete 168 hours of course work and … More Real Estate Term of the Day: Agent
Real Estate Term of the Day: Agency Disclosure AGENCY DISCLOSURE – a written explanation, to be signed by a prospective buyer or seller, explaining to the client the role that the broker plays in the transaction. The purpose of disclosure is to explain whether the broker represents the buyer or seller or is a transaction … More Real Estate Term of the Day: Agency Disclosure
Real Estate Term of the Day: Agency AGENCY – the relationship between a principal and his agent arising from a contract in which the principal engages the agent to perform certain acts on the principal’s behalf (Barron’s Dictionary of Real Estate Terms) In Colorado, there are three types of agency relationships that can be established: … More Real Estate Term of the Day: Agency
LESLIE MONACO REAL ESTATE 