Insert Calculations to the Bulk Sale Agreement and eSign it in minutes

Aug 6th, 2022
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How to Insert Calculations to the Bulk Sale Agreement

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- Hey everyone, my name is Paul Vojchehoske and welcome to the Real Estate Classroom YouTube channel. In todays video, were gonna discuss a real estate math problem or a real estate math calculation that you have to know for your real estate exam. Its called seller proceeds from the sale and thats what Im gonna show you how to calculate in todays video, so lets get to it. (upbeat music) So in todays real estate math video, Im gonna show you how to calculate seller proceeds. It is a function that you have to know as a real estate professional when youre listing properties, but its also something you have to know for your real estate exam especially if youre taking the PSI exam. If youre taking the PSI exam, I guarantee you theres a high probability that youre gonna have a question or two on calculating seller proceeds. So first of all, what is a seller proceed? It is essentially just the money that the sellers gonna get from the sale of their home, hopefully. Its really

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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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The purpose of the Bulk Sale Statute is to protect a purchaser from inheriting any tax debt from a seller of business assets. A bulk sale is the sale (or transfer or assignment) of an individuals or companys business asset/s, in whole or in part, outside of the ordinary course of business.
The bulk transfer law is a law to protect business creditors. It provides that if a buyer of a business notifies the creditors of the seller in advance that it is buying the sellers assets, then the buyer will not be liable to those creditors for the debts and obligations of the seller.
The bulk transfer law is designed to prevent a merchant from defrauding his or her creditors by selling the assets of a business and neglecting to pay any amounts owed the creditors. The law requires notice so that creditors may take whatever legal steps are necessary to protect their interests.
For example, in the ordinary course of business, a car dealer would sell a number of cars in one day. In extraordinary circumstances, it might sell its entire inventory to different buyers within a short period of time.
The New Jersey Bulk Sale Act (N.J.S. 54:50-38) (the Bulk Sale Act) applies to many types of transactions and can expose purchasers, transferees and assignees (each a Purchaser) to all of a sellers State tax liabilities.
A bulk sales agreement sets forth the terms and conditions regarding the transfer of a large segment of the sellers materials, merchandise and the like. The contract must be for the purpose of transferring business assets.
For example, in the ordinary course of business, a car dealer would sell a number of cars in one day. In extraordinary circumstances, it might sell its entire inventory to different buyers within a short period of time.
A bulk sale is the sale, transfer, or assignment of an individual or companys business asset(s). This can be in whole or in part. To collect the proper taxes, the purchaser must notify the Division anytime there is a bulk sale.

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