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Can someone please give me the difenitions to these words.1. Elements of a Contract2. Operation of Law3. Action for Dollar Damages4. Bilateral contractThanks a lot this will help me with my Principle real estate class.
Vocabulary #5 1. Offer & Acceptance: The act of agreeing to accept an offer.Example: Abel offers property for sale, Baker makes an offer to but the property for a specified price. Upon Abel's acceptance a sale contracts is complete. 2. Contingencies: Any and all condition must be clearly stated i...
Vocabulary #4 1. Agent: A person authorized to represent another (the principal) in dealings with third parties.2. Net listing: A listing agreement in which the sellers sets a net amount he or she is willing to accept for the property. If the actual selling price exceeds that amount, the broker i...
Hello, My name is Sheila and Im a student at L A Trade Tech. Im enrolled in Real Estate Principles 001. This is the beginning of something new for me and I hope to learn as much as I can. Im not sure where I want to go with this, but i do know I want learn learn learn....