Jan 11 , 2016

Tampa School of Real Estate

Effect A Sale

Definition: A stipulation in a listing contract requiring the broker to obtain a signed contract from a ready, willing and able buyer on the terms stated.

Pronunciation: \i-ˈfekt, e-, ē-, ə-\

Used in a Sentence:  The licensee was able to effect a sale to the terms of the contract and was therefore entitled to a commission.