What Is an Extender Clause?

An extender clause is a clause added to a contract that extends the time frame in which the parties have to complete the contract. This is often used in real estate contracts to extend the time frame in which the buyer has to complete the purchase of the property. What do contingency clauses do? A … Read more

What Is a Landominium?

A condominium, often shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned. Condominiums are a form of homeownership also known as a strata title. What is a land condominium in Florida? A land condominium in Florida is a type of … Read more

What Is an Exclusive Listing?

An exclusive listing is a contract between a homeowner and a real estate agent that gives the agent the exclusive right to sell the home. The contract will specify the length of time the agent has the exclusive right to sell the home, and during that time, the homeowner cannot work with any other agents. … Read more

What Is Real Property?

Definition and Types of Properties. Real property is land and any buildings or structures on it, together with any rights or interests in it. The term is used in civil law, property law, and taxation. In common law systems, real property is often referred to as real estate. There are different types of real property, … Read more

What is a Short Sale on a House?

Process, Alternatives, and Mistakes to Avoid. Short Sale on a House: Process, Alternatives, Mistakes to Avoid. Is short selling better than buying? Short selling is not inherently better than buying, but it can be a more advantageous strategy in certain situations. For instance, if you need to sell your home quickly and the market is … Read more

Broker’s Open House.

A broker’s open house is an event that is open to all real estate brokers and agents in the area. This is typically a time for agents to preview a new listing, or to see a listing that is about to come on the market. Sometimes refreshments are served at these events. What are the … Read more