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Real Estate Terms

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Glossaries

Term Definition
Negotiation

The activity or business of negotiating an agreement or contract; a "coming to terms" between the parties of an eventual written contractual document. In a real estate transaction, buyers and sellers are usually represented and assisted in a negotiation by their agent or Realtor. Common negotiation points are sales price, repairs, closing date, contingencies and provisions for the inclusion of personal property with a sale.

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