Term
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Definition
| Occures when all buyers and sellers have signed an identical copy of the offer, including signature on separate but identical copies of the offer. |
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Term
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Definition
| A fee paid to a broker before any services are rendered. |
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Term
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Definition
| Creates and enforeceable contract between the parties. The offer is binding upon both parties only if a copy of the accepted offer is delivered to the party makeing the offer prior to the date extablished for binding acceptance. |
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Term
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Definition
| A component of binding acceptance. Delivery can occur by fax, by mail, or personally. |
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Term
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Definition
| A written employment agreement that creates an agency relationship between a broker and a seller. |
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