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FAQ Real Estate Dictionary U Unilateral Contract
FAQ Real Estate Dictionary U Unilateral Contract
Unilateral Contract
- DATE ADDED:
- Tuesday, 07 April 2009
- FAVOURED:
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ANSWER
A contract in which one party makes an obligation to perform without receiving in return any express promise of performance from the other party, such as an open listing contract, where the seller agrees to pay a commission to the first broker who brings in a ready, willing and able buyer.