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Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

That was asked and answered just yesterday.

Feb 11, 2018 09:55 AM
Ambassador
3,339,454
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I wish you all the best with your real estate studies. 

Feb 11, 2018 04:02 PM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

consideration is money, and it keeps everyone's interest in the early stages of an offer accepted.... that consideration is deposited immediately after the acceptance of the offer.

Feb 11, 2018 09:58 AM
Ambassador
2,166,567
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Many answers here. 

Feb 11, 2018 01:09 PM
Ambassador
5,204,468
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Without consideration, you have no Contract in North & South Carolina...and likely most states but, I don't know about yours.

Feb 11, 2018 12:07 PM
Rainmaker
7,792,559
Roy Kelley
Retired - Gaithersburg, MD

This is one of the elements of a valid contract.

Feb 11, 2018 11:57 AM
Rainmaker
4,974,928
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Barbara Todaro just answered your question but it was just asked..please take the time to look at other questions because you will find the answer.

Feb 11, 2018 10:45 AM
Ambassador
2,679,349
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Answered yesterday.

Feb 11, 2018 10:22 AM
Rainmaker
5,192,339
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Asked and answered yesterday. Scroll down!

Feb 11, 2018 10:16 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Repetition helps the child to learn.

Feb 11, 2018 10:48 AM
Rainmaker
4,136,131
John Pusa
Glendale, CA

Good answers already.

Feb 11, 2018 10:05 AM
Rainmaker
949,777
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Look down 10 spaces in the Q & A roll for many answers.

Feb 11, 2018 09:50 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I believe this was posted yesterday. 

Feb 11, 2018 03:10 PM
Ambassador
6,356,194
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I think that I just mentioned skin in the game a few lines down.

All the best to you with your classes, give me a call when you are ready to chose a broker.

Bob

Feb 11, 2018 01:30 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Barbara Todaro answered your question.  In the future, when asking a question, it would be a good idea to check this section and find out if your question was asked.

We are happy to answer questions provided it does not get repeated over and over again.  A

Feb 11, 2018 10:19 AM
Rainmaker
898,048
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Consideration is a basic requirement in any contract.

Feb 12, 2018 11:24 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Barbara Todaro has your answer.

Feb 12, 2018 10:51 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Nina Hollander nailed this one!

Feb 12, 2018 03:45 AM
Rainmaker
1,498,438
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Asking school questions anonymously is a violation of the rules, so I'm reporting you.

Other than that ask Melanie Tevere.  She asked this YESTERDAY!!!

Feb 11, 2018 07:57 PM
Rainmaker
2,775,781
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

You give to get and they get to give....In contract world, this seals the deal

Feb 11, 2018 05:01 PM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

You have many great answers here.

Oct 09, 2018 02:58 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I looked at the questions asked before and this one has a lot of great answers.

Oct 09, 2018 02:55 PM
Rainmaker
5,850,101
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The earnest money put up by the buyer is the consideration.

Feb 14, 2018 08:03 AM
Rainer
5,738
Ramesh Anthony
Annie Mac Home Mortgage - Los Feliz, CA
FHA 203k and Homestyle Renovation Specialist

Consideration is something of value in exchange of the real estate. Usually it is money. However, other consideration of value, such as other property in exchange, or a promise to perform (i.e. a promise to pay) is also satisfactory.

Feb 12, 2018 07:05 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Consideration binds the two parties in a real estate contract.

Feb 12, 2018 06:57 AM
Rainmaker
4,852,560
Richard Weeks
Dallas, TX
REALTOR®, Broker

One of the required elements for a valid contract.

Feb 12, 2018 06:15 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, that is required to bind both parties.

Feb 11, 2018 09:31 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Money

Feb 11, 2018 06:10 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the question.

Feb 11, 2018 10:16 AM