Property disclosure form This form requires you to reveal all known defects to your property. Your real estate agent will let you know if there is a special form required in your state. Purchasers’ access to premises agreement This agreement sets conditions for permitting the buyer to enter your home for activities such as measuring for draperies before you move. Sales contract This is...
Real Estate Terms Explained
The term “agency” is used in real estate to help determine what legal responsibilities your real estate professional owes to you and other parties in the transaction. The seller's representative (also known as a listing agent or seller's agent) is hired by and represents the seller. All fiduciary duties are owed to the seller, meaning this person’s job is to get the best price and terms...