Which of the following is not an element typically included or considered in a purchase agreement?
Which of the following is not an element that should be included in every purchase agreement? Explanation: The commission rate payable to the listing agent is discussed in the listing agreement, not in the purchase agreement.
What is a contract purchase agreement?
A purchase agreement is a binding contract that outlines the various conditions everyone must abide by or complete in order to finalize a prospective future sale. The contract spells out the terms on which the buyer agrees to purchase the goods and the seller agrees to sell them.
What is sales and purchase?
Purchase is a process through which a person gets the ownership of some goods or properties transferred in his name from another, on payment of money. Similarly, sale is a process through which the ownership of some goods or properties is transferred from one person (seller) to another person (buyer), for a price.
Which of the following would NOT typically be contained in an Agreement of Purchase and Sale? a. purchase price b, mortgage terms c. closing date d. legal description of property d . legal description of property In my view, legal description of property is described to be not part of an agreement of purchase and sale.
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