George's Blog


Contract Series Paragraph 30

George Clements ~ Greenville, SC Real Estate


Paragraph 30 is the last one in the contract for sale and looks something like this:


30. Acknowledgement of agency disclosure: Purchaser and Seller acknowledge receipt of a copy of the South Carolina Agency Disclosure Brochure and acknowledge that agency relationships have been explained by the respective agents involved in the transaction. For the purpose of this transaction: The Purchaser is a client or customer of____________________________________________________________ (Brokerage) The Seller is a client or customer of________________________________________________________________ (Brokerage)


This Basically just states who the seller and pruchaer are clients of or who is representing them in the transaction.  Both parties should be given a brochure that tells who represents them and explains agency and their representitive should go over this with them.



Comment balloon 0 commentsGeorge Clements • May 30 2008 09:26AM