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Offer of compensation: A home seller's offer of what they will pay a buyer's agent if their client buys the house. Also either a percentage of the sale price or set dollar amount.
The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...
A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...
A Pierringer release or Pierringer Agreement is a type of settlement agreement.In law, a settlement is a resolution between disputing parties about a legal case that is reached either before or after court action begins.
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