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What are the types of contracts?

Types of contracts Fixed-price contract. ... Cost-reimbursement contract. ... Cost-plus contract. ... Time and materials contract. ... Unit price contract. ... Bilateral contract. ... Unilateral contract. ... Implied contract.

How long are most realtor contracts?

Some of the most common lengths of time for listings include 30-day, 90-day, six-month and one-year listing contracts.

What is an addendum example?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

What is the most common real estate contract?

The sale contract is the most common type of real estate agreement and will usually specify the details regarding the purchase of the property. The contract strictly needs the approval and signature of both the buyer and seller.

How long are most real estate contracts?

Common Time Frames Some of the most common lengths of time for listings include 30-day, 90-day, six-month and one-year listing contracts.

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