Section 1 Scope of Chapter

• Library: Real Estate Fundamentals 2011

This chapter deals with real estate contracts, including:

· earnest money contracts or contracts of sale;

· deferred sales contracts;

· contracts for deed;

· escrow agreements;

· option contracts; and

· briefly, contracts for exchange of property.

For further information concerning contracts for exchange, see Chapter 4 of this deskbook. A short treatment of the tax consequences of deferred sales is also included in this chapter. While no...