Description: This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description).
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
What are the features of a legally valid real estate contract in Arizona? Understanding the five essential features of a legally valid real estate contract in Arizona is fundamental. These features include mutual consent, capacity, consideration, a written format, and a proper description of the property.
Listing agreements are usually cancelled only with the mutual consent of the involved parties.
A listing agreement authorizes the broker to represent the seller and their property to third parties. The listing agreement is an employment contract rather than a real estate contract: The broker is hired to represent the seller, but no property is transferred between the two.
A property agreement is a legal document that outlines the terms and conditions of a real estate transaction. It is an essential tool in any real estate case because it serves as a reference for all parties involved in the transaction.
SANTA ANA, Calif. — Starting this week, most home shoppers will need to sign contracts with agents to view properties for sale, binding them to paying their own commissions if they can't get a seller to cover it.