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.
Consideration
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.