By Briana Frazier
What Form Do You Use For That: Understanding Real Estate Transaction Forms
T
he documents involved in the buying and selling of a house are cumbersome, and can leave you overwhelmed. It is essential that you understand the documents required to avoid complications with the law.
Sometimes, negotiations can get complicated, so it’s advisable you hire an attorney to review all forms before signing them.
Real estate transaction forms come in different types. These forms are used in a real estate sale to confirm the legality of sale of a property as well as buyer’s consent. Each transaction calls for a different form, so how do you know which form is needed in such a situation?
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Typically, a real estate agent is responsible for ensuring that all forms are executed properly. In the United States, states have several laws that regulate real estate sale transactions. WWW.THEPOWERISNOW.COM
TYPES OF REAL ESTATE TRANSACTION FORMS Before a property is listed, a real estate agent requires the seller to fill out and sign an Exclusive Right to Sell Contract. This document states that the seller will pay a specified commission to the agent after the home is sold. This form will also state that the seller will use only the named agent to sell the property. Sellers’ Disclosure Real estate laws require sellers to complete a l
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