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In real life, unexpected things do happen, and the property you were happy to purchase and the contract you signed in the beginning, may now be a burden that you want to get out of, for whatever reason. The answer is YES, you can break a real estate contract, you just need to deal with the consequences if you go down that path.
Breaking a contract isn’t supposed to be easy. Lawyers draw up contracts so that all parties are legally bound to honor the deal. If someone could break a contract to sell a house just because he.
Most contracts outline the duties of the real estate broker. For example, the contract may say that the agent must show the house a certain number of times per month, or that a specific number of.
A: When you hired the broker, you signed a listing agreement. Go back to the document and see. When you have a good real estate listing agent working for you, you should expect to hear from the.
fair market value of a home Fair Market Value (FMV) is an important concept in the valuation and exchange of real property and other property. The Internal Revenue Service uses it to determine the dollar value of charitable donations, assets converted to business use, and in various other tax-related matters.
Q: How do I fire my real estate agent? A: If you’ve made a mistake, the best thing to do is to correct it and move on. If you’ve hired the wrong real estate agent to represent you, fire him. Do it professionally and in writing. Although, your listing contract is usually for a period of three to six months, you are entitled to terminate at any time.
However, there is generally little time in their calendars devoted to developing the next generation of real estate agents..
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State laws governing real estate transactions vary. For example, not all states require you to sign an exclusive buyer’s agent contract before the agent shows you homes for sale. Even if the law doesn’t require you to sign an agreement, an agent may still ask you to sign one. While many real estate.