Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

ready, willing, and able

Read a random definition: LULAC

A quick definition of ready, willing, and able:

Ready, willing, and able: When someone is fully prepared and able to buy something, they are called "ready, willing, and able." This is important for real estate brokers because they only get paid when they find a buyer who is ready, willing, and able to buy a property. For example, if a broker wants to get paid for helping sell a house, they need to find someone who is ready to buy the house, willing to pay the price, and able to actually complete the purchase.

A more thorough explanation:

When someone is fully prepared to buy something and has the money to do so, they are "ready, willing, and able." This phrase is often used in real estate when a broker is trying to sell a property.

For example, let's say a real estate broker shows a house to a potential buyer. The buyer loves the house and wants to buy it, but they don't have the money to do so. In this case, the buyer is not "ready, willing, and able" to buy the house.

However, if the buyer has the money and is ready to sign the contract, they are "ready, willing, and able." In this case, the broker can receive their commission for the sale.

Overall, "ready, willing, and able" means that someone is fully prepared and able to buy something, and it's important in real estate because brokers only get paid when they find a buyer who meets these criteria.

read on | reaffirmation

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
16:42
@Law-Shark: also kind of rude for you to be speaking to me like that, the event started at 9am and I had to wakeup at 4 to drive in. i was tired and couldn't even check in until 4pm if I wanted to so I just drove back. it's unprofessional to offer it the night before and not the day after. they also didn't feed us actual food and we were there until 2pm.
Law-Shark
16:43
The fact you didn't think a reservation in your name is something you need to be responsible for and cancel if you weren't going to show up to by sending a simple email is absolutely iresponsible.
16:43
I didn't make a reservation tho?
16:44
Yeah, I would have definitely gone to the hotel if I knew they booked a room for me. At the very least, it would be proper to show up personally and explain your extraneous circumstances
Law-Shark
16:44
Nah but it's in your name. I went to an ASD. I asked the school for an extra night and they gave it to me. You just need to plan things better.
Law-Shark
16:45
This is like peak disconenct between the male and female brain.
16:45
i think that's where i was confused then
Law-Shark
16:45
disconnect*
Law-Shark
16:45
You live and you learn
16:45
because i did let one of the staff know i'd be leaving early and thought that would be enough
16:46
but i was confused why i got an e-mail with a room cuz I didn't ask for it at all
Law-Shark
16:46
Well, you know now what to do.
16:47
well on their end they prob shouldn't just be buying hotel rooms for ppl who don't request it and then getting mad I didn't go
16:48
goof
16:48
Did you get any materials for admitted students day explaining that they would be booking hotel rooms?
16:49
there was an opt in on the form but I didn't select yes
16:49
Hmm, that's weird
16:50
i think it's unprofessional of them to call you like what if you had an emergency and had to leave? why is it their business why you didn't stay? not like they're lacking money and $100.00 hotel room is gona make them bankrupt
16:50
i figured it was an error and I was on the road so I didn't read into it. plus it would make more sense for it to be the night before cuz it started at 9am? so I was like uhhh and paid it no mind
16:51
@bigfatsloth: that's what i'm saying, they were gonna pay no matter what
16:54
"This is like peak disconenct between the male and female brain." like bffr
16:55
It was probably an administrative error then. I can't imagine why they would book hotel rooms for people that didn't select yes. I would maybe follow up with them and apologize for the misunderstanding to avoid any awkwardness
Denny
16:56
who watch that arsenal game
16:56
I'm a Chelsea fan unfortunately
damn why are yall fighting i the lsd.law gc
Denny
17:14
@ET025: but ur not watching champions league?
Denny
17:15
declan rice did a madness
17:20
@Denny: Not today. Doing more LSAT studying this afternoon, but I saw that. I think Chelsea missed out on him. (this is probably more suited for OT)
Does anyone have experience getting their aid package reconsidered at WashU? How long does it take to hear back after sending the form?
MrThickRopes
21:01
fo pm gon be good to us tmrw
LSD+ is ad-free, with DMs, discounts, case briefs & more.