EXECUTE
In real estate, execute refers to the act of signing a contract.
It is the final step in the process of creating a legally binding agreement between two parties.
When a contract is executed, it means that both parties have agreed to the terms of the contract and have signed the document. This makes the contract legally binding and enforceable.
In some cases, execute can also mean to perform a contract fully. This means that both parties have fulfilled their obligations under the contract.
In real estate, executing a contract is an important step in the process of buying or selling property. It ensures that both parties are committed to the transaction and that the terms of the agreement are clear and legally binding.
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