At the present time in Minnesota home buyers (principals) who choose to work with me can either be my client(s) or my customer(s). A principal who has signed the adjacent contract is a CLIENT; a party who is not under contract is a CUSTOMER. What difference does it make? Under the law you are owed…… Continue Reading
Category Archives: Documents
Sellers Disclosure
The Seller Disclosure Statement pictured here needs to be filled out entirely by all home sellers, and must be available for buyer review at the time your home is listed for sale. It has been my experience that the more you disclose about your experiences while living in your home, the better it is…… Continue Reading
The Listing Agreement – Sellers In Control!
When a property is listed for sale through the Multiple Listing System (MLS), the terms of sale are contained in an Exclusive Right to Sell Agreement, such as the one exhibited here. The important terms include the duration of the contract (three to six months is a normal range), the price and financing terms at…… Continue Reading
Sample Purchase Agreement
The process of conveying property from sellers to buyers involves a set of written documents, the contents of which must be agreed to by both parties – verbal agreements don’t really carry any weight in the legal system, and partial agreement to written terms doesn’t count either. In other words the buyer and seller…… Continue Reading
Agency Disclosure
A number of years ago the State of Minnesota passed legislation requiring real estate agents to clarify their representation status when dealing with buyers and sellers. The above informational form does exactly that, and you will be asked to read over the appropriate sections, then sign and date to acknowledge receipt of the information. Especially…… Continue Reading