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Real Estate Glossary

Consideration

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Written by Luis Escobar

In the exchange of real estate and in a real estate contract, consideration is something of value that may be bargained for. The most common form of consideration is money. However, this may also be a commodity, a transfer of personal effort, or an exchange.

In the exchange of real estate and in a real estate contract, consideration is something of value that may be bargained for. The most common form of consideration is money. However, this may also be a commodity, a transfer of personal effort, or an exchange.

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Luis Escobar

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