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What does option pending mean?

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Karley Harber

Lvl 10
3y ago

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Can you buy a real estate property that has a sale pending?

No. A sale pending implies that the property is under a binding contract.


A real estate agent should tell the buyer his costumer what?

A pending or recent zoning change


What does contract pending mean realestate?

"Contract pending" in real estate refers to a situation in which the buyer and seller have signed a purchase agreement and agreed on terms, but the sale has not yet closed. Before the deal is completed, requirements like financing, inspections, and appraisals must be met during this time. Technically, the property is still not for sale.


What does option pending mean in real estate?

When a buyer is within the option period—a brief window of time to view the property and potentially withdraw—the seller has accepted an offer, and the buyer is said to be "option pending" in that context. The deal may still fall through during this due diligence phase because it isn't yet fully under contract.


What does BOE mean in real estate?

boe


What does NOI mean in real estate?

by the space


What does real estate lease type RSF mean?

In real estate, RSF means rentable square feet.


Can you quit a real estate agency with commissions pending and still get them?

No, the Real Estate agent is attached to the broker, the broker is the one the listings are with, an agent is not allowed to be paid directly in most states, so it is at the brokers discression or company policy, but not likely.


What does real estate taxes mean?

The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.


In real estate what does LOB mean?

It could mean, "Line of Business".


In real estate what does PA stand for?

"PA" It actually means PENDING APPROVAL when it is a short sale through the lender


What does ERA mean to a real estate broker?

Its the name of a real estate company. ERA. Not sure what that actually stands for though. sorry.