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STANDARD FORM 104 ... EXCLUSIVE RIGHT TO SELL LISTING AGREEMENT. (to be used with NEAR standard form 101 or 103) ... Short Sale Defined: For purposes of the Agreement between Seller and Firm, a Short

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What is short sale addendum?

Short sale addendum is a document that is added to a real estate contract to outline additional terms and conditions specific to a short sale transaction.

Who is required to file short sale addendum?

Any party involved in a short sale transaction, such as the buyer, seller, and real estate agents, may be required to file a short sale addendum.

How to fill out short sale addendum?

The short sale addendum should be filled out by providing the required information, initials, signatures, and dates as requested on the form.

What is the purpose of short sale addendum?

The purpose of a short sale addendum is to clarify the rights and responsibilities of the parties involved in a short sale transaction and to ensure that all terms are clearly defined.

What information must be reported on short sale addendum?

Information such as the purchase price, deposit amount, financing details, closing date, and any additional terms or clauses specific to the short sale transaction must be reported on the short sale addendum.

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