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2. Estoppel certificate - Wikipedia

   en.wikipedia.org/wiki/Estoppel_certificate

   Estoppel certificate. An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and ...

3. Merger doctrine (property law) - Wikipedia

   en.wikipedia.org/wiki/Merger_doctrine_(property_law)

   Merger of real property lots. Merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class ...

4. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental ...

5. Can a seller back out of a real estate contract? - AOL

   www.aol.com/finance/seller-back-real-estate...

   A buyer who has entered into a contract with a seller who wants to back out should consult a real estate attorney. If the buyer wants to take the case to court, they may have grounds to sue the ...

6. National Association of Realtors - Wikipedia

   en.wikipedia.org/wiki/National_Association_of...

   The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, making it the largest trade association in the United States including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.

7. What high-profile commission changes mean for ... - AOL

   www.aol.com/finance/high-profile-commission...

   Traditionally, when a home seller hires a real estate agent to represent their listing, the seller agrees to pay a commission. The national average is about 5 percent of the home’s sale price ...

8. Land contract - Wikipedia

   en.wikipedia.org/wiki/Land_contract

   Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...

9. Real estate transaction - Wikipedia

   en.wikipedia.org/wiki/Real_estate_transaction

   A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller (s) and the other being the buyer (s). It can often be quite complicated due to the complexity of the property rights being transferred ...