It is that price at which the willing seller will sell and the willing Buyer will buy,neither of the

parties under abnormal pressure.

It is that price at which the willing seller will sell and the willing Buyer will buy,neither of the

parties under abnormal pressure.

This is one whereby the listing Broker is not entitled to a commission in case the property

owner negotiates the sale of the property. The property owner can sell the property

himself and is not oblige to pay the broker’s commission.

A natural or juridical person who has both the willingness and the capacity to buy real

properties is called as a:

Is defined as an amount accompanying an offer to purchase a property. It also refers to

a part of the purchase price advanced by the Buyer to the Seller as a token of good

faith for a perfection of the Contract.

Refers to the money given to the Seller by the Buyer in consideration of the right to

purchase or lease a property within a specified period and at an agreed contract price.

The compensation of the Broker depends on the overpriced obtained by the buyer. An

agreement by which the broker may retain as compensatio to his services all sums paid

over and above the net price to the owner is known as:

It is one wherein only one broker is authorized to negotiate.

Refers to that portion of trust assumed by the broker as an agent for the principal.

The authority of the real Estate Broker to negotiate the sale, lease purchase, exchange or

mortgage of a real estate property for a fee/compensation or commission or other value

consideration. It is a contract between the real property owner and the Real Estate

Broker whereby the latter is authorized to look for a buyer/lessee/mortgagee and to

negotiate the sale, lease, purchase, exchange or mortgage of the real property at a

certain price and terms within the specific period for a commission/ fee is called as a:

Refers to an authority to negotiate is given to two or more brokers and the broker who is

the procuring cause of the sale receives the commission.

A provision in a listing agreement which entitles a broker to a commission even when he

closes the sale after the period of his authority provided that the buyer was registered by

him with the seller and with whom he has negotiated during the period of his authority.