Consideration
Definition of "Consideration"
(1) Anything of value given to induce a person or entity into entering a contract. It may be money, personal services, or the trading of property. A valid contract requires adequate consideration. (2) The amount actually received form the sale of securities of a real estate company after deducting all the expenses including taxes on the sale and commission to the broker from the gross receipts
Popular Real Estate Terms
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Blockbusting is a despicable and illegal racist business practice. Here’s how Blockbusting happens: a real estate agent, or someone posing as one, comes to a homeowner and instills ...
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Court order to seize and sell property because of the nonpayment of taxes, or foreclosure of property. ...
Money set aside for a possible loss, such as from a fire. ...
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