answersLogoWhite

0


Best Answer

ER usually refers to an "Exclusive Right" to sell. This means the Seller has agreed to give the agent the right to sell his property and in turn the agent will represent the Seller, market the property and perform his professional duties. What ER means for the Seller is that no matter WHO buys the property, even a cousin of the Seller--the Seller will owe the commission to the agent during the course of the listing agreement. This is commonly the only type of listing used in most states. One exception to this is in New York City.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does ER means in relation to real estate?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does the prefix er means?

Er means Engineer


Interactions of chromophores in electro magnetic radiation?

er relation with EMR


What is a word which means a thick meat soup take away er from the name of a close male relation?

Pootage


Are ghost whisperers real?

Er, no.


Do regular requirements of sale apply to an estate sale?

No. There are legal aspects regarding a sale of real estate by an estate that are not a concern for a general sale of real property. Any estate that has real property must be probated in order for legal title to pass to the heirs or to the estate representative. The court must appoint an estate representative to carry out the provisions in the Will, if there is one, and to settle the estate according to the laws in the jurisdiction. In most jurisdictions in order to sell the real estate the estate representative must have that authority granted in the Will. If that is not the case then the ER must obtain a license to sell from the court. Those factors often delay a closing when the seller has not been informed of the legal requirements for selling property by an estate. The lack of authority to sell the premises is often disclosed by the title examination ordered by the buyer's attorney and the sale must be postponed until the estate is probated. The interested parties should always consult with an attorney who specializes in probate to help guide the probate process.


Are the spam comments on YouTube real?

Er... No.


Is The Undertaker a real demon?

Absolutely Not


What are the release dates for Investigative Reports - 1991 ER The Real Drama?

Investigative Reports - 1991 ER The Real Drama was released on: USA: 1995


What ER stand for?

ER stands for Emergency Room


What is meaning of IR and ER in people management?

ER means Entity Relationship


Using foreign key on ER diagram?

Foreign keys isnt drawn at a ER-diagram. The relation drawn between entities is enough to show, that der is at foreign key


What does the r stand for in ER in relation to the queen?

Rex- she signed her name Elizabeth R. Rex was Latin for sovereign