Real estate transaction definition

Real estate transaction or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property. For purposes of this chapter, a prospective transaction does not exist until a written offer has been signed by at least one of the parties.

Real estate transaction means the sale, exchange, rental, or lease of real property, or an interest therein.

Real estate transaction means the sale or lease of any legal or equitable interest in real estate where the interest in real estate consists of not less than 1 or not more than 4 residential dwelling units or consists of a building site for a residential unit on either a lot as defined in section 102 of the land division act, 1967 PA 288, MCL 560.102, or a condominium unit as defined in section 4 of the condominium act, 1978 PA 59, MCL 559.104.

Examples of Real estate transaction in a sentence

• Attached documents:- Investment corporation contract provisions (copy)- Real estate transaction contract (copy), etc.

• Real estate transaction" means a transaction in which a person deposits with a closing agent funds that are to be held until a specified event occurs or the performance of a prescribed condition in connection with the purchase, sale, or financing of an interest in real estate; or a settlement or closing conducted in connection with the purchase, sale, or financing of an interest in real estate.

• Attached documents:- Investment trust contract provisions (copy)- Real estate transaction contract (copy), etc.

• Real estate transaction" or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property.

• Real estate transaction charges can be higher than those which apply to other asset classes.

More Definitions of Real estate transaction

Real estate transaction means an activity involving the sale, purchase, exchange, or lease of real estate.

Real estate transaction means the sale, exchange, or lease or grant of an option for the sale,

Real estate transaction or "transaction" means an actual or

Real estate transaction or "transaction" means an

Real estate transaction means a transaction in which a person deposits with a closing agent funds that are to be held until a specified event occurs or the performance of a prescribed condition in connection with the purchase, sale, or financing of an interest in real estate; or a settlement or closing conducted in connection with the purchase, sale, or financing of an interest in real estate. The term does not include a loan financing if the only parties to the loan transaction are the lender and the borrower, and the lender is responsible for disbursing all of the funds to the borrower or to a third party in order to pay fees and charges associated with the loan transaction.

Real estate transaction means any sale, exchange, rental, lease, assignment, sublease, or other transfer of

Real estate transaction means any transaction involving residential real property that consists of separate dwelling units for one through four families. "Real estate transaction" does not include transactions involving agricultural or commercial property, residential property that provides separate dwelling units for five or more families, or commercial leaseholds.