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Contingent Definition

A contingent listing generally means the seller has accepted an offer and the purchase agreement contains one or more unresolved conditions. Listing labels and whether backup offers are accepted depend on the local listing system and the seller’s circumstances. What …

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How Much Do Real Estate Agents Make?

The short answer is, “it depends.”Not all real estate agents earn the same amount of money. For starters, real estate agents enter the profession for many different reasons. Some become a real estate agent for the money, some for the …

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Lien Definition

A lien gives someone else a right to something you own. Liens are something not often talked about, although they should be. Liens can make your life a huge mess! Or, in some instances, be a lifesaver. In short, a …

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Leasehold Estate Definition

A leasehold estate, also called a less-than-freehold estate, gives a tenant a possessory interest in property under a rental arrangement. It does not give the tenant the landlord’s ownership estate. Whether the tenant may assign or sublease that interest depends …

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Freehold Estate Definition

So how do estates work, and what are they? Well, estates can be divided into two different sections: freehold estates and leasehold estates. In this article, we will cover freehold estates. A freehold estate is an estate in which you …

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Puffing Definition

When you hear agents say, “Check out this beautiful house. It’s MASSIVE,” and it’s actually not. It’s called puffing. What is Puffing? Definition: The term puffing refers to “extravagant claims made by sellers in order to attract buyers.” In plain …

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