An option-to-buy places the __ under no obligation to purchase the property.
A sale contract gives the buyer an interest in the property that is called __ title, or ownership in equity.
The __ pays financing-related costs.
If a seller __, the buyer may sue for specific performance, damages, or cancellation.
When both parties have accepted all terms, the offer becomes a __ sale contract.
A/An __ is a condition that must be met before the contract is enforceable.
To be valid and enforceable, an option-to-buy must include actual, non-refundable __.
The buyer's __ money deposit fulfills the consideration requirements for a valid sale contract.
It is legally required for a broker to use a standard __ form promulgated by state agencies or real estate boards.
A sale contract is __, since both parties promise to perform.
A contract for deed is also called a __ contract.
Another name for buyer.
Verticales
Annual costs such as taxes and insurance are __ between the parties.
In a contract for __, the seller acts as a lender.
Customarily, the __ pays title and property-related costs.
An unused option terminates at the __ date.
All owners of the property should __ the sale contract.
There must be at least __ parties to a sale contract.
The __ period is where buyers and sellers exchange offers in an effort to agree to all transfer terms that will appear in the sale contract.
Another name for seller.
The most common contingency concerns __.
__ are any document added to the contract that clarifies certain aspects of the contract or adds new terms.
The __ of the transaction is when the seller deeds title to the buyer, the buyer pays the purchase price, and all necessary documents are completed.
Comprehensive Loss Underwriting Exchange
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