Real Estate Glossary: B

Brokerage Contract
Agreement under which a person authorizes real estate broker to act for a given period of time, as intermediary in the purchase, sale, rental or exchange of immovable property.
The brokerage contract officializes the rights and obligations of the broker and his client by mutual consent.
In an exclusive brokerage contract the client agrees, for the term of the contract, not to use the services of a broker other than the one with whom he signed the contract. Usually, the exclusive brokerage contract also states that the client who is party to the contract cannot sell or buy the immovable himself.

Building Inspection
General verifi cation of the state of the main components of an immovable (foundation, structure, roof, heating system, electrical system, etc.) to assess condition. Csystem, etc.) to assess condition.


Posted by:  Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889


Related Articles:

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  2. Real Estate Glossary: F
  3. Real Estate Glossary: A
  4. Real Estate Glossary: C
  5. Real Estate Glossary: E

Comments

  1. Peter Hansen says:

    Hi!

    Some helpful information here. I’m sorry for beeing a little off-topic, but I want to ask you about the design of this site. Did you make this template yourself or got it from any templates website? Looks pretty cool for me. Personally I use Joomla, but am looking for something new.

  2. Deyanira says:

    Hi Peter,

    The template is actually from WordPress and I’ve modified it a bit. WordPress has quite a selection of nice looking templates you can use. Depending on what software you are using on your blog, you can find free designs online.

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