21 Guam Code Ann. § 104115
Terms Used In 21 Guam Code Ann. § 104115
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
COL 06112010
21 Guam Code Ann. REAL PROPERTY
CH. 104 REAL ESTATE REGULATIONS
Within one month after the closing of a transaction in which title to real property is conveyed from a seller to a purchaser through a licensed real estate broker, such broker shall inform or cause the information to be given to the seller and purchaser in writing of the selling price thereof and in the event an exchange or real property is involved, such information shall include a description of said property and amount of added money consideration, if any. If the transaction is closed through escrow and the escrow holder renders a closing statement which reveals such information, that shall be deemed compliance with this section on the part of the broker.
SOURCE: GC § 58114.