A listing agreement is a contract that s signed between a person trying to sell property and the agent they re using. Disclosure is a principle outlined by state law that requires a person to inform a potential buyer of all pertinent information about the property. The implied warranty of Habitability is a law that requires the landlord to keep properties up to a level suitable for human habitation. To curtail discriminatory housing practices, the federal government passed the Fair Housing Act . This document serves to guarantee certain rights to everyone seeking housing in the United States.
Probate sales are sales that result from the death of a property owner.
In this situation, the courts appoint an Executor to carry out the sale of the property so that the money may be divided among all heirs. These are merely a few of the terms that one might run across in the real estate market. For more information about real estate terminology, contact a real estate lawyer in your area.