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An Agreement of Purchase and Sale is a written contract between a seller and a buyer for the purchase and sale of a particular property. In the Agreement, the buyer agrees to purchase the property for a certain price, provided that a number of terms and conditions are satisfied.
For real estate sales to convey ownership of a property, the primary document used to negotiate the transaction between a buyer and seller is the purchase agreement (PA), also known as a deposit receipt.
To be enforceable, the contract must be entered into voluntarily, have clearly agreed upon terms and conditions and demonstrate the exchange of ?consideration?.
(g) The amount, not to exceed $1,000 or 10 percent of the aggregate contract price, whichever is less, of any initial down payment or deposit paid or promised to be paid to the contractor by the owner before the start of construction.
Plaintiffs can pursue expectation, restitutionary, general, special, and reliance damages when signatories to a contract fail to fulfill their contractual obligations. In Nevada, a plaintiff must establish that the defendant breached the contract and that the breach caused the plaintiff harm.
Consent to Act Form In Nevada, an agent may act for more than one party in a real estate transaction; however, before the licensee is permitted to do so, they must obtain the written consent of both parties. The Consent to Act Form is such an agreement.
A Broker Agreement, also known as a Finder's Fee Agreement or a Referral Agreement, sets forth the terms and conditions under which a Broker will either find goods and/or services for a Buyer to purchase or interested buyers for goods and/or services being sold by a Seller.
What document is used to create a relationship between a broker and a buyer who wishes to have the broker work in his or her best interest? -The buyer representation agreement creates that relationship between a broker and the buyer.