Under an agreement of sale, the seller is typically referred to as what?

In an agreement of sale, the seller is typically referred to as the vendor. This term designates the party that offers to sell the property and is responsible for delivering it to the buyer, also known as the vendee, upon completion of the sale terms.

Understanding these roles is crucial in real estate transactions. The vendor plays a vital role in the agreement of sale since they initiate the sale process, provide necessary disclosures, and fulfill their obligations outlined in the contract. Knowing the correct terminology helps in clarifying the responsibilities and rights of each party involved in the transaction, facilitating smoother negotiations and operations within the real estate market.

In contrast, terms like devisee, grantee, and mortgagor refer to different parties or functions in real estate law, such as one who receives property through a will, one who receives title from a grantor, and one who borrows money secured by a mortgage, respectively. Understanding these distinctions further reinforces the importance of accurate terminology in real estate transactions.