But you also need information about your rights and
responsibilities as a buyer or seller.
Not exact matches
This rule applies to costs that relate to the disposition of the relinquished property
or acquisition of the replacement property,
as well
as expenses listed
as the
responsibility of a
buyer or seller in the typical closing statement under local standards.
When a home
Seller is counselled to offer a lower than average amount of selling commission to a Cooperating Brokerage, are they being advised
as to how this may possibly interact negatively with a prospective
Buyer's «
Buyer's Agency Contract», and if so, why would such a
Seller agree to proceed
as such — especially, if they've been made aware of any discounts that may apply to their List Price, later,
as a result of extended market time?The aforesaid is fundamental to a fiduciary
responsibility — yet, I believe that most Provincial Regulatory Authorities would be reluctant to prosecute such a negligent Registrant
or Practitioner because the accused would hide behind the argument they were being wrongly persecuted for offering a «competitive business model»!
The
Buyer acknowledges that it is his
responsibility to do his own due diligence regarding any anomalies that may be associated with the subject property, such
as but not limited to: the location of half - way houses, group homes, child molesters, grow houses, sewage treatment plants, plans for highway expansions, road widenings, locations of fire hydrants, proposed plazas
or other retail property, proposed dump sites and such other issues that may impact future value (s) of the subject property, beside, behind, in the foreground of,
or in any position that may impact value (s), including but not limited to: any change
or increase in taxes due to Current Market Value Assessment alterations
or changes of any sort, brought about by such situations that may affect the subject property now
or in the future, and the
Buyer acknowledges that said situations are totally outside the control of the Realtor (s) involved in the transaction, and the
Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the
Seller or the Listing Agent / Company.
I, when acting
as a
buyer registrant / advocate, have absolutely no legal, moral
or ethical
responsibility to the
seller's side; that is the
responsibility of the
seller's registrant, in my opinion.
For any issues not fixed by the
seller or not revealed by the home inspection, an «
as is» clause in the purchase agreement means that these issues are still the
buyer's
responsibility, precluding lawsuits even for negligence
or fraud.
If you're buying
or selling a home under special circumstances, such
as a foreclosure
or short sale, ask your real estate agent to explain the implications of these transactions and the
responsibilities of the
buyer and the
seller.