What Does Contingent On A Real Estate Listing Mean

If the real estate agent is confident enough in the ability to sell a property quickly the agent may propose to the seller that the agent will sell the property with no contingencies at all. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many other countries.

Most Common Types Of Home Buying Contingencies Home Buying Real Estate Tips Types Of Houses

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What does contingent on a real estate listing mean. Additionally real estate agents can use the mortgage contingency as part of their listing presentation. What Does Contingent Mean In Real Estate. TRELA 1101652b11 26 However a license holder may compensate an unlicensed person from a foreign country or state that does not require a license to engage in real estate brokerage activities if the person otherwise complies with the law of the foreign country and practices there as a real estate broker.

Buying a home can be stressful and there are plenty of moments during the sale of a home where something can go awry. Active Under Contract is a real estate term that indicates the status of real property single family home condo townhome etc that has been put up for sale wherein a seller has accepted an offer from a buyer but the deal has not yet closed. Contingent in any sense means depending on certain circumstances In real estate when a house is listed as contingent it means that an offer has been made and accepted but before the deal is complete some additional criteria must be met.

We all dread the thought of having an offer accepted on our dream home only for the seller to change their mind and leave you in the dust. What Does Pending Mean in Real Estate. Through a complicated arrangement the National Association of Realtors NAR a trade and lobbying group for agents and brokers sets policies for most of the multiple listing services.

Bill has helped people move in and out of many Metrowest towns for the last 34 Years. In other words this isnt the sort of situation where you can simply opt to outbid all the other buyers its already past that point. Sale pending or offer pending simply means that a buyer has submitted an offer and the seller has accepted it.

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