Execute

In real estate and legal contexts, Execute means to complete or carry out an act or obligation. When referring to documents, to execute a deed or contract means to properly sign and complete it, and in the case of a deed, this also includes delivery so that it becomes...

Exculpatory Clause

In real estate leasing, an Exculpatory Clause is a provision in a lease that limits or relieves the property owner or landlord from liability for certain acts or omissions. These clauses are often used to protect the owner from claims related to injuries or damages...

Exclusive Right to Sell

In real estate, an Exclusive Right to Sell is a listing agreement in which the broker is guaranteed a commission if the property is sold during the term of the contract. This applies regardless of who actually finds the buyer, whether it is the broker, another agent,...

Exclusive Agency Listing

In real estate, an Exclusive Agency Listing is a listing agreement in which one broker is given the exclusive right to represent the seller, while the seller retains the right to sell the property independently. Under this arrangement, the broker is protected against...

Exchange

In real estate, an Exchange is the reciprocal transfer of real property between parties, rather than a traditional sale. This type of transaction is often structured to qualify for special tax treatment that allows the deferral of capital gains taxes. Commonly known...

Exceptions to Title

In real estate, Exceptions to Title are specific matters that affect ownership or use of a property but are not covered by a title insurance policy. These exceptions are listed in the title commitment or policy and may include items such as easements, restrictions,...