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Exculpatory clause
Exculpatory clause
A clause in an agreement that relieves a party from all obligation for his or her acts or failure to act.
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Exclusive buyer representation
An agency relationship between a buyer and a broker that cannot result in dual agency.
Exclusive listing
A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.
Exclusive right of sale listing
A written agreement between an agent and a property owner stating that the owner will pay a commission to the agent if the property is sold during a specific time period.
Exclusive right to sell
Listing agreement under which the owner promises to pay a commission if the property is sold during the listing period by anyone, even the owner.
Exclusivity
A restriction on the tenant's right to open a competing retail outlet within a certain area of leased premises.
Exculpatory clause
Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.
Executed contract
An agreement that has been fully performed.
Execution
The signing and delivery of an instrument. Also, a legal order directing an official to enforce a judgment against the property of a debtor.
Executor
A person named in a will to administer an estate. The court will appoint an administrator if no executor is named.
Executory contract
A contract under which something remains to be done by one or more of the parties.
This dictionary contains 6433 terms. |
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