A transaction is made contingent on the buyer locating a loan at 4% interest or less. The buyer is unable to obtain such a loan. The contingency means that the sale is automatically terminated The conditions in a real estate transaction usually benefit the seller.
a release clause allows the seller to accept an uncertain offer without having to take the house off the market. if a contingency is not fulfilled despite a good faith effort to fulfill it, what may the person who benefits from the contingency do?
a seller accepts an offer from a second buyer and notifies the first buyer under a release clause. the first buyer decides to remove the sale of buyers property contingency. what happens? if a buyer works for a newly founded company that is still struggling financially, a lend might be concerned that the buyers income does not have this.
Which of the following is true about a sale of buyer's home contingency? Explanation: The contingency deadline should allow the buyer to market her property without delaying the transaction too long. The deadline can be set as the closing date if the buyer's home is already in escrow.
Contingent means that the seller has accepted an offer, and the property is under contract—but some of the buyer's conditions, or contingencies, need to be met before the sale is final.
A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.
What Is A Contingent House? The term “contingent” means the seller has accepted an offer so the home is under contract already, but some contingencies have not yet been met so they've chosen to keep the listing active in case things fall through.
The buyer is unable to obtain such a loan. The contingency means that the sale is automatically terminated. The conditions in a real estate transaction usually benefit the seller. For a contingency to apply, the person who benefits from the contingency must make a good faith effort to fulfill the contingency.
if the buyer does not respond within three days , the seller may terminate the agreement. s. true.
a provision that is related to a financing contingency and often included as part of the contingency is a/an: appraisal contingency. the seller access an offer that includes a contingency for the sale of the buyer's current property. what must the buyer do once he accepts an offer on his current home.
should present offers to the seller through the sellers' agent. a listing broker presents his client with a full-price offer from a ready, willing, and able buyer. the seller refuses the offer and tells the broker it's because the buyer is black. the buyer makes an offer on another property.
Chapter 13 bankruptcy - allows a person to reorganize fancies by paying off creditors under a repayment plan. a credit score that ranges from 300-850, where a high score indicates greater creditworthiness. FICO Score - a higher FICO score indicates that a preens is more likely to make reliable payments on a loan.
a real estate salesperson is often approached by home buyers of a particular race. his usual practice is to show them homes in neighborhoods where most of the residents are the same race as the buyers. he avoids showing these buyers properties in integrated areas. this is called. steering.
the real estate law allow a real estate salesperson tone compensated only by his own broker. a salesperson may not accept a payment, a gift, or any other form of compensation directly from a client. all of these are typical tasks that an unlicensed real estate assistant may do except: negotiating counteroffers.