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Real Estate > Real estate purchase contract > Flashcards

Real estate purchase contract Flashcards

1
Q

Section 1 of the real estate purchase contract specifically addresses

A

Property

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2
Q

Section 1.1 of the real estate purchase contract specifically addresses

A

Included items

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3
Q

Section 1.2 of the real estate purchase contract specifically addresses

A

Other included items

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4
Q

Section 1.3 of the real estate purchase contract specifically addresses

A

Excluded items

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5
Q

Section 1.4 of the real estate purchase contract specifically addresses

A

Water service

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6
Q

Section 2 of the real estate purchase contract specifically addresses

A

Purchase price

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7
Q

Section 2.1 a of the real estate purchase contract specifically addresses

A

Earnest money deposit

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8
Q

Section 2.1 B of the real estate purchase contract specifically addresses

A

additional earnest money deposit

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9
Q

Section 2.1 C of the real estate purchase contract specifically addresses

A

New loan

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10
Q

Section 2.1 D of the real estate purchase contract specifically address

A

Seller financing

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11
Q

Section 2.1 E of the real estate purchase contract specifically addresses

A

Balance of purchase price in cash at settlement

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12
Q

Section 2.1 of the real estate purchase contract specifically addresses

A

Payment of purchase price

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13
Q

Section 2.2 of the real estate purchase contract specifically addresses

A

Sale of buyers property

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14
Q

Section 3 of the real estate purchase contract specifically addresses

A

Settlement and closing

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15
Q

Section 3.1 of the real estate purchase contract specifically addresses.

A

Settlement

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16
Q

Section 3.2 of the real estate purchase contract specifically addresses

A

Closing

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17
Q

Section 3.3 of the real estate purchase contract specifically addresses

A

Possession

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18
Q

Section 4 of the real estate purchase contract specifically addresses

A

Prorations, assessments, and other payment obligations

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19
Q

Section 4.1 of the real estate purchase contract specifically addresses

A

Prorations

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20
Q

Section 4.2 of the real estate purchase contract specifically addresses

A

Special assessments

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21
Q

Section 4.3 of the real estate purchase contract specifically addresses

A

Fees/costs/payment obligations

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22
Q

Section 4.3 a of the real estate purchase contract specifically addresses

A

Escrow fees

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23
Q

Section 4.3 B of the real estate purchase contract specifically addresses

A

Rental deposit/prepaid rents

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24
Q

Section 4.3 C of the real estate purchase contract specifically addresses

A

HOA/other entity fees due upon change of ownership

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25
Q

Section 4.3 D of the real estate purchase contract specifically addresses

A

Utility services

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26
Q

Section 4.3 E of the real estate purchase contract specifically addresses

A

Sales proceeds withholding

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27
Q

Section 5 of the real estate purchase contract specifically addresses

A

Confirmation of agency disclosure

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28
Q

Section 6 of the real estate purchase contract specifically addresses

A

Title & title insurance

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29
Q

Section 6.1 of the real estate purchase contract specifically addresses

A

Title of property

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30
Q

Section 6.1 a of the real estate purchase contract specifically addresses

A

Long-term lease rental agreements

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31
Q

Section 6.1 B of the real estate purchase contract specifically addresses

A

Short term rental bookings

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32
Q

Section 6.2 of the real estate purchase contract specifically addresses

A

Title insurance

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33
Q

Section 7 of the real estate purchase contract specifically addresses

A

Seller disclosures

34
Q

Section 8 of the real estate purchase contract specifically address addresses

A

Buyers conditions of purchase

35
Q

Section 8.1 of the real estate purchase contract specifically address

A

Due diligence condition

36
Q

Section 8.1 a of the real estate purchase contract specifically addresses

A

Due diligence items

37
Q

Section 8.1 B of the real estate purchase contract specifically addresses

A

Buyers right to cancel or resolve objections

38
Q

Section 8.1 C of the real estate purchase contract specifically addresses

A

Failure to cancel or resolve objections

39
Q

Section 8.2 of the real estate purchase contract specifically addresses

A

Appraisal condition

40
Q

Section 8.2a of the real estate purchase contract specifically address

A

Buyers right to cancel

41
Q

Section 8.2 B of the real estate purchase contract specifically addresses

A

Failure to cancel

42
Q

Section 8.3 of the real estate purchase contract specifically addresses

A

Financing condition

43
Q

Section 8.3 a of the real estate purchase contract specifically addresses

A

No financing required

44
Q

Section 8.3 B of the real estate purchase contract specifically address

A

Financing required

45
Q

Section 8.3 i of the real estate purchase contract specifically addresses

A

Buyers right to cancel before the financing and appraisal deadline

46
Q

Section 8.3 ii of the real estate purchase contract specifically addresses

A

Buyers right to cancel after the financing and appraisal deadline

47
Q

Section 8.3 iii of the real estate purchase contract specifically addresses

A

Earnest money deposits released to seller

48
Q

Section 8.4 of the real estate purchase contract specifically addresses

A

Additional earnest money deposit

49
Q

Section 9 of the real estate purchase contract specifically addresses

50
Q

Section 10 of the real estate purchase contract specifically addresses

A

Home warranty plan/as is condition of property

51
Q

Section 10.1 of the real estate purchase contract specifically addresses.

A

Home warranty plan

52
Q

Section 10.2 of the real estate purchase contract specifically addresses

A

Condition of property/buyer acknowledgment

53
Q

Section 10.3 of the real estate purchase contract specifically addresses

A

Condition of property/seller acknowledgment

54
Q

Section 11 of the real estate purchase contract specifically addresses

A

Final pre-settlement walk-through inspection

55
Q

Section 12 of the real estate purchase contract specifically addresses

A

Changes during transaction

56
Q

Section 12 of the real estate purchase contract specifically addresses

A

Changes during transaction

57
Q

Section 12.1 of the real estate purchase contract specifically addresses

A

Alteration/improvements of the property

58
Q

Section 12.2 of the real estate purchase contract specifically addresses

A

Financial encumbrances/changes to the legal title

59
Q

Section 12.3 of the real estate purchase contract specifically addresses

A

Property management agreement

60
Q

Section 12.4 of the real estate purchase contract specifically addresses

A

Long-term lease or rental agreement

61
Q

Section 12.5 of the real estate purchase contract specifically addresses

A

Short-term rental bookings

62
Q

Section 13 of the real estate purchase contract specifically addresses

A

Authority of signers

63
Q

Section 14 of the real estate purchase contract specifically addresses

A

Complete contract

64
Q

Section 15 of the real estate purchase contract specifically addresses

65
Q

Section 16 of the real estate purchase contract specifically addresses

66
Q

Section 16.1 of the real estate purchase contract specifically addresses

A

Buyer default

67
Q

Section 16.2 of the real estate purchase contract specifically addresses

A

Seller default

68
Q

Section 17 of the real estate purchase contract specifically addresses

A

Attorney fees and cost/governing law

69
Q

Section 18 of the real estate purchase contract specifically addresses

70
Q

Section 19 of the real estate purchase contract specifically addresses

A

No assignment

71
Q

Section of real estate specifically addresses

A

Insurance and risk of loss

72
Q

Section 20.1 of the real estate purchase contracts specifically addresses

A

Insurance coverage

73
Q

Section 20.2 of the real estate purchase contract specifically addresses

A

Risk of loss

74
Q

Section 21 of the real estate purchase contract specifically addresses

A

Time of the essence

75
Q

Section 22 of the real estate purchase contract specifically addresses

A

Electronic transmission and counter parts

76
Q

Section 23 of the real estate purchase contract specifically addresses

A

Acceptance

77
Q

Section 24 of the real estate purchase contract specifically addresses

A

Contract deadlines

78
Q

Section 24 a of the real estate purchase contract specifically addresses

A

Seller disclosure deadline

79
Q

Section 24B of the real estate purchase contract specifically addresses

A

Due diligence deadline

80
Q

Section 24c of the real estate purchase contract specifically addresses

A

Financing an appraisal deadline

81
Q

Section 24D of the real estate purchase contract specifically addresses

A

Settlement deadline

82
Q

Section 25 of the real estate purchase contract specifically addresses

A

Offer in time for acceptance

Real Estate (38 decks)

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