Standard Contract of Purchase and Sale Clauses: Common Misunderstandings and Confusions – Part One #566

The standard Contract of Purchase and Sale (CPS) is a familiar form of contract. Parties in a transaction and their representatives have come to expect the standardized form of CPS when contracting for residential real estate. However, some clauses in the CPS can be confusing for buyers, sellers, and REALTORS® alike. In this two-part series …