Tuesday, July 11, 2006

Review Real Estate Documents Before You Sign

Read and understand documents and contract before you sign. If in doubt always seek professional legal and/or financial advice.

A good real estate agent will usually make documents available to you for preview before you are required to sign them. If at all possible, ask for these documents upfront.

As a buyer, ask for copies of:

  • Buyer's Broker Agreement (is it exclusive or non-exclusive?)
  • Agency Disclosures
  • Purchase Agreement
  • Buyer Disclosures

As a seller, ask to see:
  • Agency Disclosure
  • Listing Agreement
  • Seller Disclosures

The exact wording of documents will vary from locality to locality (and sometimes even within localities), but by reading and understanding the documents, you will be better informed when it comes time for the agent to ask for your signatures.

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