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2. Real Estate Terms and What They Mean - AOL

   www.aol.com/news/2010-09-08-real-estate-terms...

   Jaime Uziel knows that as a real estate attorney his clients depend on him to interpret the legalese that's part of any real estate transaction. He's happy to do that, he says, but he also tries ...

3. Mortgage assumption - Wikipedia

   en.wikipedia.org/wiki/Mortgage_assumption

   Mortgage assumption is the conveyance of the terms and balance of an existing mortgage to the purchaser of a financed property, commonly requiring that the assuming party is qualified under lender or guarantor guidelines. [1]

4. Closing (real estate) - Wikipedia

   en.wikipedia.org/wiki/Closing_(real_estate)

   Before the closing happens, the settlement agency must ensure that all the money that the lender and buyer expect to send into escrow matches the total amount expected by parties that need to be paid, such as the seller and real estate agents. This matching process means that accounting information is gathered and the order is “balanced.” [8]

5. Assignment (law) - Wikipedia

   en.wikipedia.org/wiki/Assignment_(law)

   An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee.

6. Realtor commission changes are here: What they mean for ...

   www.aol.com/finance/high-profile-commission...

   Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.

7. What does ‘exclusive right to sell’ mean in real estate?

   www.aol.com/finance/does-exclusive-sell-mean...

   Duration: The exclusive right to sell clause in the contract you establish with your real estate agent should have an expiration date, which might be anywhere from 30 days to six months or more ...

8. 72-hour clause - Wikipedia

   en.wikipedia.org/wiki/72-hour_clause

   A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

9. What does a real estate attorney do? - AOL

   www.aol.com/finance/does-real-estate-attorney...

   Real estate attorneys can also provide valuable advice to a buyer and seller engaged in a for-sale-by-owner transaction. In this scenario, the lawyers can draft and review the purchase contract ...