Define opportunity. opportunity synonyms, opportunity pronunciation, opportunity translation, English dictionary definition of opportunity. n. pl. opÂ·porÂ·tuÂ·niÂ·ties 1. A favorable or advantageous circumstance or combination of circumstances. 2. A chance for progress or advancement, as in a...
Share on Google Plus. Breaches of real estate contracts occur when one party fails to perform a contract provision. Buyer breaches include not meeting a loan or physical inspection. Seller breaches may include failing to deliver clear title or statutory disclosures. The parties must follow the method of dispute resolution contained in the contract to resolve contract breaches.
For example, if you have decided that you do not want to sell your home, then the broker will almost always agree to cancel the contract. There is no point for the real estate agent to spent time and money promoting your home if you are not fully committed to selling. However, if you are simply not satisfied with the agent's services, then she may not be as eager to break the contract.