What is the name of a bilateral agreement between a seller, (the vendor) and a b
ID: 395947 • Letter: W
Question
What is the name of a bilateral agreement between a seller, (the vendor) and a buyer (the vendee) in which the vendor defers receipt of the entire purchase price of a property over a specified period of time?
An installment sales contract
A bilateral option
A foreclosure option
A distressed sale option
Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?
A detail advertising plan
A copy of the signed listing agreement
Professional pictures of the property
An appraisal of the property
Under certain rules and conditions, the mortgagor has the right to redeem his or her property after a foreclosure sale. This is known as
equitable redemption.
foreclosure reversal.
foreclosure banishment.
statutory redemption.
Explanation / Answer
What is the name of a bilateral agreement between a seller, (the vendor) and a buyer (the vendee) in which the vendor defers receipt of the entire purchase price of a property over a specified period of time?
installment sales contract
Installment sales contract is a bilateral agreement in which some are the entire purchase is a deferred by the vendor over a specific period of time
Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?
A copy of the signed listing agreement
Copy of assigned listing contract is essential as a listing agreement cannot be made oral and must have written structure.
Under certain rules and conditions, the mortgagor has the right to redeem his or her property after a foreclosure sale. This is known as
statutory redemption.
Under statutory redemption mortgagor has full right to redeem the property after of foreclosure sale.
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