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2. Option fee (Texas) - Wikipedia

   en.wikipedia.org/wiki/Option_fee_(Texas)

   Option fee (Texas) In a real estate context, an option fee is money paid by a buyer to a seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money. The use of option fees is most common in the residential resale market in Texas. [citation needed]

3. Klondike Big Inch Land Promotion - Wikipedia

   en.wikipedia.org/wiki/Klondike_Big_Inch_Land...

   Scrooge McDuck comic book. In 1956, there was an Uncle Scrooge McDuck comic book story inspired by the Big Inch Land promotion. When Scrooge visits his square inch of land in Texas, a prairie dog with engine oil on its feet leads Scrooge to believe there is oil under his land. Donald Duck and his kids buy cereal boxes around the country to ...

4. Land contract - Wikipedia

   en.wikipedia.org/wiki/Land_contract

   Land contract. In contract law, a land contract, (also known as contract for deed or agreement for deed), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title ...

5. Texas Real Estate Commission - Wikipedia

   en.wikipedia.org/wiki/Texas_Real_Estate_Commission

   The Texas Real Estate Commission(TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [ 1 ] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...

6. Flat-fee MLS - Wikipedia

   en.wikipedia.org/wiki/Flat-fee_MLS

   Flat-fee MLS. Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an " à la carte service agreement " with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction. A flat-fee MLS brokerage typically ...

7. Conditional sale - Wikipedia

   en.wikipedia.org/wiki/Conditional_sale

   Conditional sale. A conditional sale is a real estate transaction where the parties have set conditions. [1][2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase ...

8. 72-hour clause - Wikipedia

   en.wikipedia.org/wiki/72-hour_clause

   A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...

9. Keller Williams Realty - Wikipedia

   en.wikipedia.org/wiki/Keller_Williams_Realty

   200,000 associates. Website. www.kw.com. Footnotes / references[ 1 ][ 2 ][ 3 ] Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.