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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

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