The "seller" of real estate is the "vendor" person. The people involved in a land sale agreement are known as "vendor" and "vendee" because the exchange involves a "contract of sale" - like a "vendor" at a sports stadium or a vending machine.
These are questions that the above text answers:
1. Who is referred to as the "vendor" in a real estate transaction?
2. What are the roles of the "vendor" and "vendee" in a land sale agreement?
3. What type of agreement is involved in a real estate transaction?
4. What is the significance of the term "vendee" in a land sale agreement?
5. What is the purpose of a contract of sale in a real estate transaction?
6. How does the term "vendor" relate to a real estate contract?