RE-121 Chapter Seven Crossword Puzzle PDF

RE-121 Chapter Seven Crossword Puzzle Types of Real Estate Contracts 1 2 3 4 8 9 5 6 7 10 11 12 13 ACROSS DOWN 4 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...

RE-121 Chapter Seven Crossword Puzzle Types of Real Estate Contracts 1 2 3 4 8 9 5 6 7 10 11 12 13 ACROSS DOWN 4 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. 6 To create an entitlement to a privilege or a right (verb.). 8 ______ 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. 11 Expel (someone) from a property, especially with the support of the law. 12 A ___________ clause defines a condition or action that must be met for a real estate contract to become binding. 13 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. 1 A conveyance of an interest in real property through the terms of a lease. 2 This occurs when a new contract is created and an old contract is extinguished. 3 Abbreviation for Multiple Listing Service. 5 A type of listing in which the commission is any amount received from the sale over and above the "net" required by the seller. 6 A piece of paper that entitles the holder to a discount (i.e. Section 8 Rent). 7 An agreement that gives one party the right to buy or lease the other party's property at a set price for a certain period of time. 9 The standard form of payment for a real estate broker is a commission, also called a brokerage ___. 10 Also referred to as an amendment. WORD BANK: Contingency, demise, evict, fee, land, mls, net, novation, open, option, rider, safety, vest, voucher.