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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
Section 4.3 D of the real estate purchase contract specifically addresses
Utility services
26
Section 4.3 E of the real estate purchase contract specifically addresses
Sales proceeds withholding
27
Section 5 of the real estate purchase contract specifically addresses
Confirmation of agency disclosure
28
Section 6 of the real estate purchase contract specifically addresses
Title & title insurance
29
Section 6.1 of the real estate purchase contract specifically addresses
Title of property
30
Section 6.1 a of the real estate purchase contract specifically addresses
Long-term lease rental agreements
31
Section 6.1 B of the real estate purchase contract specifically addresses
Short term rental bookings
32
Section 6.2 of the real estate purchase contract specifically addresses
Title insurance
33
Section 7 of the real estate purchase contract specifically addresses
Seller disclosures
34
Section 8 of the real estate purchase contract specifically address addresses
Buyers conditions of purchase
35
Section 8.1 of the real estate purchase contract specifically address
Due diligence condition
36
Section 8.1 a of the real estate purchase contract specifically addresses
Due diligence items
37
Section 8.1 B of the real estate purchase contract specifically addresses
Buyers right to cancel or resolve objections
38
Section 8.1 C of the real estate purchase contract specifically addresses
Failure to cancel or resolve objections
39
Section 8.2 of the real estate purchase contract specifically addresses
Appraisal condition
40
Section 8.2a of the real estate purchase contract specifically address
Buyers right to cancel
41
Section 8.2 B of the real estate purchase contract specifically addresses
Failure to cancel
42
Section 8.3 of the real estate purchase contract specifically addresses
Financing condition
43
Section 8.3 a of the real estate purchase contract specifically addresses
No financing required
44
Section 8.3 B of the real estate purchase contract specifically address
Financing required
45
Section 8.3 i of the real estate purchase contract specifically addresses
Buyers right to cancel before the financing and appraisal deadline
46
Section 8.3 ii of the real estate purchase contract specifically addresses
Buyers right to cancel after the financing and appraisal deadline
47
Section 8.3 iii of the real estate purchase contract specifically addresses
Earnest money deposits released to seller
48
Section 8.4 of the real estate purchase contract specifically addresses
Additional earnest money deposit
49
Section 9 of the real estate purchase contract specifically addresses
Addenda
50
Section 10 of the real estate purchase contract specifically addresses
Home warranty plan/as is condition of property
51
Section 10.1 of the real estate purchase contract specifically addresses.
Home warranty plan
52
Section 10.2 of the real estate purchase contract specifically addresses
Condition of property/buyer acknowledgment
53
Section 10.3 of the real estate purchase contract specifically addresses
Condition of property/seller acknowledgment
54
Section 11 of the real estate purchase contract specifically addresses
Final pre-settlement walk-through inspection
55
Section 12 of the real estate purchase contract specifically addresses
Changes during transaction
56
Section 12 of the real estate purchase contract specifically addresses
Changes during transaction
57
Section 12.1 of the real estate purchase contract specifically addresses
Alteration/improvements of the property
58
Section 12.2 of the real estate purchase contract specifically addresses
Financial encumbrances/changes to the legal title
59
Section 12.3 of the real estate purchase contract specifically addresses
Property management agreement
60
Section 12.4 of the real estate purchase contract specifically addresses
Long-term lease or rental agreement
61
Section 12.5 of the real estate purchase contract specifically addresses
Short-term rental bookings
62
Section 13 of the real estate purchase contract specifically addresses
Authority of signers
63
Section 14 of the real estate purchase contract specifically addresses
Complete contract
64
Section 15 of the real estate purchase contract specifically addresses
Mediation
65
Section 16 of the real estate purchase contract specifically addresses
Default
66
Section 16.1 of the real estate purchase contract specifically addresses
Buyer default
67
Section 16.2 of the real estate purchase contract specifically addresses
Seller default
68
Section 17 of the real estate purchase contract specifically addresses
Attorney fees and cost/governing law
69
Section 18 of the real estate purchase contract specifically addresses
Notices
70
Section 19 of the real estate purchase contract specifically addresses
No assignment
71
Section of real estate specifically addresses
Insurance and risk of loss
72
Section 20.1 of the real estate purchase contracts specifically addresses
Insurance coverage
73
Section 20.2 of the real estate purchase contract specifically addresses
Risk of loss
74
Section 21 of the real estate purchase contract specifically addresses
Time of the essence
75
Section 22 of the real estate purchase contract specifically addresses
Electronic transmission and counter parts
76
Section 23 of the real estate purchase contract specifically addresses
Acceptance
77
Section 24 of the real estate purchase contract specifically addresses
Contract deadlines
78
Section 24 a of the real estate purchase contract specifically addresses
Seller disclosure deadline
79
Section 24B of the real estate purchase contract specifically addresses
Due diligence deadline
80
Section 24c of the real estate purchase contract specifically addresses
Financing an appraisal deadline
81
Section 24D of the real estate purchase contract specifically addresses
Settlement deadline
82
Section 25 of the real estate purchase contract specifically addresses
Offer in time for acceptance

Real Estate (38 decks)

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