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Dual agency occurs when one broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same broker each represent a party to the transaction.

Closing costs are a negotiable item between the buyer and the seller in the purchase agreement.

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15y ago

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Related Questions

What does closing cost no refinance mean?

No closing cost no refinance means that there is no need for one person to pay before a transaction any closing costs. This however will increase in time the overall expenses.


What does closing cost consist of?

Closing costs typically consist of fees associated with finalizing a real estate transaction, such as loan origination fees, appraisal fees, title insurance, escrow fees, recording fees, and other miscellaneous charges. These costs can vary depending on the location and specifics of the transaction but generally range from 2% to 5% of the home's purchase price. It's important for buyers to review and understand their estimated closing costs before completing a real estate transaction.


How can you calculate average cost during each transaction such as purchase purchase return sales and sales return in moving-average-cost-method in inventory?

dfs


How do calculate closing stock?

Cost price (Purchase price) or market price whichever is less that would be taken as Closing Stock


How do you calculate 'closing stock?

Cost price (Purchase price) or market price whichever is less that would be taken as Closing Stock


How much would a diamond cost in 1880?

Your answer depends on the diamond and the point of purchase, and the people involved in the transaction.


What can be included in the cost basis of a home?

The cost basis of a home can include the purchase price, closing costs, and certain improvements or renovations that increase the value of the property.


How do you calculated the cost of transaction for a brokerage firm?

take the toal operating cost and divide it on the number of transaction


How is transaction cost?

Transaction cost is the price that you have to pay or that you are likely to receive while carrying out an economic exchange.


Abstract of title who pays for it?

The cost of obtaining an abstract of title is typically the responsibility of the buyer in a real estate transaction. However, this can be negotiated between the buyer and seller as part of the closing process. In some cases, the seller may choose to cover the expense to facilitate the sale. Ultimately, the payment arrangement should be clarified in the purchase agreement.


What documentation is acceptable for GPC transactions?

For Government Purchase Card (GPC) transactions, acceptable documentation typically includes the purchase receipt, which should detail the item(s) purchased, the date, and the total cost. Additionally, a cardholder’s statement or transaction log may be required to provide context for the purchase. Any supporting documentation, such as quotes or justifications for the purchase, should also be included to ensure compliance with federal regulations. It’s essential to follow specific agency guidelines, as these can vary.


How much are closing cost loans?

Closing cost loans depends on the loan and credit of the individual applying for the loan. Sometimes closing cost can be included in the actual home loan itself.