Easily Delete Demanded Field in the Commercial Real Estate Contract

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How to Delete Demanded Field in the Commercial Real Estate Contract

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What does it mean to remove subjects?

What is subject removal? Subject removal is a real estate process in which buyers perform due diligence on the subjects (or conditions) that were offered in the original contract.

What is exempt from clear cooperation?

New construction listings are exempt from the Clear Cooperation rules only if they meet the definition of new construction in our rules (Section 7.18.4) . Specifically, if the project is subject to a final public report under the Subdivided Lands Law, the listings would be exempt.

What is an exclusion listing?

For those who havent encountered a listing exclusion yet, its simply a request from a seller that if a certain person or persons buy the home after it goes on the market, your listing commission wont apply.

What is the clear cooperation rule?

The Clear Cooperation Policy is a NAR-mandated policy that governs the public marketing of listings and their entry into the multiple listing service. Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants.

Is an office exclusive listing exempt from the clear cooperation rule?

If office exclusive listings are displayed or advertised to the general public, however, those listings must also be submitted to the MLS for cooperation.

What is exclusion in real estate?

Exclusions refer to fixtures which the seller does not want to include with the sale of the real property (real estate) but which otherwise would or should stay. Exclusion examples: there may be a light fixture in the dining room which is a family heirloom and the seller does not want to leave it with the house.

What is a contingency removal addendum?

The contingency removal form is actually designed to cover the removal of both buyer and seller contingencies. The first section of the form focuses on contingencies that allow the buyer to back out. The second section deals with the sellers removal of a seller contingency.

What does it mean to remove inspection contingency?

Removing the inspection contingency means that the terms of the contract have been met and that the purchase can proceed to a successful close.

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