Porsche's electric Mission E Tesla fighter will be offered in three power levels Report: Porsche's first electric sedan will kick off range with 402 hp, stretch to 670 hp . January 2, 2018
Real Estate Under Contract. The real estate term âunder contractâ means that a binding agreement exists between a buyer and a seller involving property. The buyer and the seller are in agreement with the terms in the contract. When a property is under contract, the seller may not enter into contract with any other buyer.
If there are any real estate brokers/agents brokering the sale, the buyer's agent will often fill in the blanks on a standard contract form for the buyer(s) and seller(s) to sign.The broker commonly gets such contract forms from a real estate association he/she belongs to. Identify the real estate (property): At least the address, but preferably the legal description must be on the contract. 2  Identify the purchase price: The amount of the sales price or a reasonably ascertainable figure (an appraisal to be completed at a future date) must be on the contract.