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Real Estate Contracts

Created by Marty Baum
Across
A contract where only one party is bound by the agreement
The contract where the promises have been made but not fulfilled yet
Changing existing terms that are already agreed to by the parties
An additional term or agreement added to an existing contract
Mixing trust money with a broker's operating account - illegal
Good faith money put up by a buyer that could be forfeited in case of a breach
Someone added to an existing contract or is acting on someone's behalf
When the transaction closes the contract now becomes______
Something of legal value that two parties agree on and is a requirement for a valid contract
Non-judicial submission of a controversy where a third party makes a binding decision
A neutral account where you hold money that belongs to another
Spending the trust money - Illegal
A contract where both parties agree and are bound by the agreement
A broken promise in a contract
Down
A way to stipulate damages on the front end of the transaction to save time and money fighting over damages at the back-end of the transaction
The type of contract where a person has the right to purchase a property at a set price and time but not obligated
A contract created by the actions of the parties and not expressed
A contract that can be rescinded by one of the parties
Missing at least one of the requirements needed for a valid contract
A new offer that negates the original offer
Independent third party helps disputing parties come to a decision
Transfer of all legal rights from one party to another
A condition that must be met before preceding with the contract
A clause in a contract that states the buyer will pay a certain amount of money above the highest offer that seller receives
The type of title that indicates that the borrower has a financial interest in the property but doesn't have legal title until final payment is made
A contract that contains all required elements and is binding on all parties
A contract that can be in writing or verbal