Broker Reactivation-AGREEMENT (Sections 1

AGREEMENT (Sections 1 - 4 of the CBS1)

Pdf Summary

Sections 1-4 of the CBS1 agreement outline the key components and terms of the contract. <br /><br />Section 1 states that the agreement is the acknowledgement of the buyer agreeing to purchase and the seller agreeing to sell the property on the terms and conditions laid out in the contract. <br /><br />Section 2 identifies the parties involved, including the buyer and seller, and provides details about the property, such as legal description and physical address. It also specifies what is included in the purchase price, such as attached items, personal property, and leased items. <br /><br />Section 3 discusses the dates, deadlines, and applicability of terms. It explains how to calculate days, when deadlines will be extended if they fall on a holiday, and which provisions apply based on checkboxes marked in the contract. <br /><br />Section 4 covers the purchase price and terms. It outlines the price and terms of payment, including any seller concessions and earnest money. It also addresses financing options, such as new loans, assumptions, and seller or private financing. <br /><br />Overall, these sections provide a comprehensive overview of the agreement, parties involved, property details, and terms of the transaction.

Keywords

CBS1 agreement

contract components

contract terms

buyer

seller

property details

purchase price

dates and deadlines

terms applicability

financing options