Realestate Explained – C

Glossary

CMA

Current or Competitive Market Analysis (CMA), is a written price comparison of your property with others that are for sale or were recently sold.

Conditional contract

A written contract which has been signed by the seller and the buyer but has one or more conditions which need to be met, usually within a specified time period. For example, “subject to the solicitor’s approval of the title.”

Commission

The fees for selling the property – payable by the seller, to the real estate company.