RE-121 Chapter Seven Crossword Puzzle: Types of Real Estate Contracts
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A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.

land contract

To create an entitlement to a privilege or a right (verb.)

vest

______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.

safety

Expel (someone) from a property, especially with the support of the law.

<p>evict</p> Signup and view all the answers

A ___________ clause defines a condition or action that must be met for a real estate contract to become binding.

<p>contingency</p> Signup and view all the answers

A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.

<p>exclusive agency</p> Signup and view all the answers

A conveyance of an interest in real property through the terms of a lease.

<p>sublease</p> Signup and view all the answers

This occurs when a new contract is created and an old contract is extinguished.

<p>novation</p> Signup and view all the answers

Abbreviation for Multiple Listing Service. (___)

<p>MLS</p> Signup and view all the answers

A piece of paper that entitles the holder to a discount (i.e. ___)

<p>coupon</p> Signup and view all the answers

A type of listing in which the commission is any amount received from the sale over and above the 'net' required by the seller. (___)

<p>open</p> Signup and view all the answers

To create an entitlement to a privilege or a right (verb.). (___)

<p>vest</p> Signup and view all the answers

______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period. (___)

<p>carryover</p> Signup and view all the answers

Expel (someone) from a property, especially with the support of the law. (___)

<p>evict</p> Signup and view all the answers

A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale. (___)

<p>exclusive agency</p> Signup and view all the answers

A conveyance of an interest in real property through the terms of a lease. (___)

<p>sublease</p> Signup and view all the answers

A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.

<p>Land Contract</p> Signup and view all the answers

To ______ an entitlement to a privilege or a right (verb.)

<p>Grant</p> Signup and view all the answers

______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.

<p>Protection</p> Signup and view all the answers

Expel (someone) from a property, especially with the support of the law.

<p>Eject</p> Signup and view all the answers

A ______ clause defines a condition or action that must be met for a real estate contract to become binding.

<p>Contingency</p> Signup and view all the answers

A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.

<p>Exclusive Agency Listing</p> Signup and view all the answers

A conveyance of an interest in real property through the terms of a lease.

<p>Leasehold</p> Signup and view all the answers

This occurs when a new contract is created and an old contract is extinguished.

<p>Novation</p> Signup and view all the answers

A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.

<p>land</p> Signup and view all the answers

To ______ an entitlement to a privilege or a right (verb.)

<p>grant</p> Signup and view all the answers

______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.

<p>escalation</p> Signup and view all the answers

Expel (someone) from a property, especially with the support of the law.

<p>evict</p> Signup and view all the answers

A ___________ clause defines a condition or action that must be met for a real estate contract to become binding.

<p>contingency</p> Signup and view all the answers

A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.

<p>exclusive</p> Signup and view all the answers

A conveyance of an interest in real property through the terms of a lease.

<p>assignment</p> Signup and view all the answers

This occurs when a new contract is created and an old contract is extinguished.

<p>novation</p> Signup and view all the answers

A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.

<p>land</p> Signup and view all the answers

To create an entitlement to a privilege or a right (verb.).

<p>grant</p> Signup and view all the answers

______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.

<p>kickout</p> Signup and view all the answers

Expel (someone) from a property, especially with the support of the law.

<p>evict</p> Signup and view all the answers

A ___________ clause defines a condition or action that must be met for a real estate contract to become binding.

<p>condition precedent</p> Signup and view all the answers

A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.

<p>exclusive agency</p> Signup and view all the answers

A conveyance of an interest in real property through the terms of a lease.

<p>assignment</p> Signup and view all the answers

Abbreviation for Multiple Listing Service.

<p>MLS</p> Signup and view all the answers

A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.

<p>land</p> Signup and view all the answers

To create an entitlement to a privilege or a right (verb.).

<p>grant</p> Signup and view all the answers

_________ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.

<p>escalation</p> Signup and view all the answers

Expel (someone) from a property, especially with the support of the law.

<p>evict</p> Signup and view all the answers

A _______ clause defines a condition or action that must be met for a real estate contract to become binding.

<p>contingency</p> Signup and view all the answers

A piece of paper that entitles the holder to a discount (i.e. ______)

<p>coupon</p> Signup and view all the answers

To create an entitlement to a privilege or a right (verb.)

<p>grant</p> Signup and view all the answers

A _______ clause defines a condition or action that must be met for a real estate contract to become binding.

<p>contingency</p> Signup and view all the answers

A type of listing in which the commission is any amount received from the sale over and above the 'net' required by the seller. (___)

<p>open</p> Signup and view all the answers

A conveyance of an interest in real property through the terms of a lease. (___)

<p>sublease</p> Signup and view all the answers

This occurs when a new contract is created and an old contract is extinguished.

<p>novation</p> Signup and view all the answers

Expel (someone) from a property, especially with the support of the law. (___)

<p>evict</p> Signup and view all the answers

Abbreviation for Multiple Listing Service. (___)

<p>MLS</p> Signup and view all the answers

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