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ACT - Plan ol' Active status. Not under contract.
OPT - Active Option. There is a contract on the house, and they are doing inspections and negotiating repairs. CON - Active Contingent. There is a contract that has to clear some contingency. The most common contingencies are the buyer's financing, the buyer selling another home, and the bank approving a short sale.
KO - Active Kick Out (also called Active Knock Out). There is a contract with a contingency for the buyer selling another home, BUT the seller has the right to kick/knock out the 1st buyer if they have a 2nd (backup) contract. In this instance the 1st buyer has a set amount of time (usually 2-3 days) to waive their contingency or they are kicked/knocked out of the contract and the 2nd buyer becomes the primary contract.
PND - Pending. The contract has been cleared of contingencies, and they are just cruising to closing.
Depending on the market you're in and what your specific needs are as a buyer, each of these status except the plain ol' Active status are approached a little different
What else can I help you with?
Can I act as my own real estate agent when purchasing a property?
Yes, you can act as your own real estate agent when purchasing a property, but it is recommended to have a good understanding of the real estate process and laws to ensure a successful transaction.
Can I act as my own real estate agent?
Yes, you can act as your own real estate agent, but it may be challenging as real estate transactions involve complex legal and financial processes. It is recommended to seek guidance from a professional real estate agent to ensure a smooth and successful transaction.
Can you act as your own real estate agent and still receive commission?
No, you cannot act as your own real estate agent and still receive commission. Real estate agents typically earn commission by representing clients in real estate transactions, so if you are representing yourself, you would not be eligible to receive commission.
Can you act as your own real estate agent when purchasing a home?
Yes, you can act as your own real estate agent when purchasing a home, but it is recommended to hire a professional real estate agent to help navigate the complex process and ensure a successful transaction.
Can you act as your own real estate agent when purchasing a property?
Yes, you can act as your own real estate agent when purchasing a property, but it is recommended to have a professional real estate agent to guide you through the process and ensure all legal and financial aspects are handled correctly.
What impact does the National credit act have on a real estate transaction?
defenition of the national credit act
What do you call a person who practice real estate?
A realtor or estate agent buys and sells real estate on behalf of the principle, for a commission. They can also act as a managing company on behalf of the landlord.
Describe, giving examples, the Real Estate Code of Conduct effect on your operations as a Real Estate Agent?
You must comply with the requirements of the Real Estate Agents Act 2008, the Regulations and the Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012 (the Code of Conduct) at all times when carrying out all residential, commercial, industrial and rural property real estate transactions. You should read the Code of Conduct in conjunction with the Act. Breaking the law set out in the Act or falling short of the standards set out in the Code of Conduct may constitute unsatisfactory conduct or misconduct. Copies of the Conduct must be displayed in real estate offices and be available to anyone on request. Read the Code of Conduct.
Who administered the Oregon Subdivision Control Act?
Real estate commissioner
What is The New Jersey Common Interest Property Act?
The Act addresses condominiums, cooperatives and planned real estate developments and is too long to reprint here. See the related link.The Act addresses condominiums, cooperatives and planned real estate developments and is too long to reprint here. See the related link.The Act addresses condominiums, cooperatives and planned real estate developments and is too long to reprint here. See the related link.The Act addresses condominiums, cooperatives and planned real estate developments and is too long to reprint here. See the related link.
Can soldier and Sailors Relief Act terminate a real estate purchase contract as a seller because of PCS order being cancelled in Arizona and how?
Yes, the Soldier and Sailor Relief Act can terminate a real estate purchase contract in Arizona.
Can a realtor act as their own agent in a real estate transaction?
Yes, a realtor can act as their own agent in a real estate transaction, but it is important to disclose this dual role to all parties involved in the transaction to avoid any conflicts of interest.
