Understanding the standard Contract of Purchase and Sale (CPS) is essential in real estate, but it can become a challenge due to certain clauses that might create confusion for buyers, sellers, and REALTORS® alike.
Posts tagged with “Offer”
Legally Speaking Standard Contract of Purchase and Sale Clauses: Common Misunderstandings and Confusions – Part Two #567 
Legally Speaking Revocation of Offers #563 
Revocation involves withdrawing an offer before a binding contract is formed, bringing legal risks for REALTORS®. It’s crucial to seek guidance from your managing broker and ensure your client seeks legal advice.
Legally Speaking Offer vs. Option vs. Contract of Purchase and Sale #499 
Some conditions precedent are so imprecise or subjective that they prevent the formation of a contract…
