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.
1 The seller's real estate agent. 2  Some states' laws make sellers' agents liable for failing to disclose problems they observed or were told of by the sellers; though often their duties are fairly limited. Don't worry if your inspector should have seen the problem. 2  That just means you've got a potential claim against the inspector, too. 3  No one told you about the defect before the sale, or someone actually lied to you about it.