Definition Of Consideration In Real Estate

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Consideration

Real Estate Terms

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Definition of "Consideration"

Written by

Stephanie Herbert

RE/MAX Action

(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

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