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

  • Real estate transaction is a specific date of the showing and lease purchase price and appreciation in value, the home is actually been true.


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 means the sale, exchange, or lease or grant of an option for the sale, exchange, or lease of an interest in real estate and includes all communication, interposition, advisement, negotiation, and contract development and closing.
Real estate transaction or "transaction" means an
Real estate transaction means an activity involving the sale, purchase, exchange, or lease, or other disposition of real estate.
Real estate transaction means any sale, exchange, rental, lease, assignment, sublease, or other transfer of