Quote:
Originally Posted by retiredguy123
I agree. This whole issue was caused by real estate agents who pretend to represent a buyer when they really don't. How many times have you heard a buyer refer to the agent who is showing houses to them as "my agent", when the agent legally represents the seller? This was a fraud. If a buyer wants legal representation, they should hire their own agent and pay them a fee. Hopefully, this new arrangement will stop agents from defrauding buyers.
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Here in MA, there are only listing / selling agents.
why?
because the lawyers manage the buyer's agreement. You want to put an offer on a house?
create the offer letter, run it by your RE lawyer, and you are good to go. the buyer's lawyer will guide the buyer for unseen circumstances. For me, my mom's house is owned by my deceased dad and my dementia incapacitated mom's individual trusts. I am the sole trustee of each trust. The Buyer's lawyer will want proof of estate taxes paid or not owed, that my mom is legally incapacitated for both trusts, etc, so that the title can be passed cleanly. . .
IN FL, I am ignorant, but there was a sh!t load more papers to sign stating adult common knowledge is known.