Uniform Real Estate Contract With Broker

State:
Utah
Control #:
UT-KS-288-04
Format:
PDF
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Description

The Uniform Real Estate Contract with Broker is a standardized legal document designed to facilitate real estate transactions involving a broker. This form outlines the terms and conditions of the sale, including pricing, financing, and responsibilities of both the seller and buyer. Key features include clear delineation of the property description, obligations for disclosures and inspections, and clauses addressing default and remedies. Filling out the form requires attention to detail, ensuring all parties understand their rights and responsibilities. Users can edit the form to customize specific terms to fit their individual transaction needs. This contract is particularly useful for real estate attorneys who represent clients in property transactions, as well as partners and associates in real estate firms, who need to streamline their dealings. Owners benefit by having a clear document that protects their interests during the sale process. Paralegals and legal assistants can utilize this form to aid in the preparation and organization of necessary documents for real estate sales, simplifying the process for all involved parties.
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FAQ

Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs. Detail any taxes and other related costs, and establish which party is paying those costs.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

When the original buyer finds a new buyer that can fulfill the original terms of the contract?like purchase price and closing date?they assign the contract to the new buyer. At this time, the assignor usually collects an assignment fee for finding someone to carry out the terms of the contract.

Your offer should include: The name of the seller. The address of the property. The names of anyone who will be on the title, including yourself. The purchase price you're offering and down payment. The earnest money deposit. Any contingencies you'd like to include. Any concessions you're requesting from the seller.

Write the contract in six steps Start with a contract template. ... Open with the basic information. ... Describe in detail what you have agreed to. ... Include a description of how the contract will be ended. ... Write into the contract which laws apply and how disputes will be resolved. ... Include space for signatures.

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Uniform Real Estate Contract With Broker