Along with these essential details, a real estate contract must outline many of the details that often make or break a deal, and are usually very important to the buyer, including: what is included or excluded from the obvious real estate; the contingency for an inspection and when it is ...
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After the wholesale real estate contract is in place, the wholesaler attempts to find an interested investor. Once found, the wholesaler reassigns the contract to the investor at an agreed-upon higher price. The difference in prices is known as the wholesale fee and can be 5% to 10% of the...
A real estate operating company (REOC) is apublicly-traded companythat actively invests in properties—generally commercial real estate. Unlikereal estate investment trusts(REITs), REOCs reinvest the money they earn back into their business and are subject to higher corporate taxes than REITs. Key ...
A legal contract must have a lawful purpose, mutual agreement, consideration, competent parties, and genuine assent to be enforceable. If a contract is breached, you may be able to sue for damages or seek other remedies. Contracts can be bilateral, which means each party has made a promise ...
Conversely, an executory agreement is “signed, sealed, and yet to be delivered.” Companies and individuals can execute a contract in the following scenarios: Services, sales, and purchases Franchise agreement Auto or equipment lease Real estate or property lease Rental agreement Intellectual ...
Depending on the type of real estate investment, member relationships, and current market conditions, the returns earned from the real estate investment can be used to fuel another venture within the syndication; alternatively, the syndication can disband entirely. The important thing to know is ...
What Is a Land Contract? A land contract is a legal agreement between two parties on the sale of real estate, such as land and any structure on it. A land contract is a form of seller financing where the buyer makes payments to the seller or owner. ...
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This is a contract that specifies how long you’ll be working with the buying agent, the terms of your agreement and the commission they’ll receive. Dual Agent A dual agent acts as both the buyer’s and the seller’s agent in a real estate transaction. This is often frowned upon ...