EXCLUSIVE LISTING
Formal agreement in a real estate transaction stating a real estate agent has the right to earn commission if a property is sold within an indicated number of months, regardless on how a buyer is found. It aims to encourage the agent to sell the property speedily at the highest price possible. But if the homeowner signed an exclusive listing agreement with an agent and also placed an advertisement for the property, and if the buyer discovered the property from the advertisement, the real estate agent would still be given a commission unless the seller created the established exclusive agency.
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GMD
ISO 4217 abbreviation for Gambian dalasi, official currency of Gambia. Introduced in 1971, it replaced the former national currency, the Gambian po ...
Breakeven Tax Rate
Tax rate that is neither profitable nor unprofitable for an individual, company, or institution to engage in a certain transaction. It refers to a ...
Beating The Gun
An informal and casual phrase used when an investor buys or sells a security at an advantageous amount by conducting a trade ahead of the market&rs ...
Consumer Debt
Debt incurred for purchasing consumable goods or products that do not appreciate. Normally, an individual gain no benefit from possessing high leve ...
American Recovery and Reinvestment Act
It is an act that was signed in February 2009 by US President Barack Obama. This act was initiated to respond to the country’s weak economic ...
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Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
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