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Will go into effect. After this typically the buyer has a 10 or 15 day inspection period to reviewMoreWill go into effect. After this typically the buyer has a 10 or 15 day inspection period to review the property perhaps if it's a Condo building the buildings financials.
The term “As Is” in the contract indicates that the property is being sold in its current condition, with all existing defects and issues. The seller is generally not obligated to make repairs or alterations unless otherwise negotiated and stipulated in the contract.
To be legally enforceable, a listing agreement must satisfy four requirements. It must contain a property description, include a promise of compensation, specify a fixed figure for the compensation (either a percentage or a dollar amount), and be in writing and signed by the seller.
A listing agreement is an example of an agency relationship that is created by express agency. In this context, express agency arises when the principal explicitly states their intention to create an agency relationship with the agent through a written or verbal agreement.