All Posts Tagged With: "backup"
What’s A Back-Up Offer?
A property is not actually “sold” until a sale closes and title passes to another party. For this reason sellers will often seek a “back-up” agreement in case the original offer falls through. A back-up agreement is a complete sales contract that includes all terms and conditions but it has no effect if the first [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Must All Real Estate Offers Be Delivered?
In the general case, brokers must submit all written offers until a seller accepts an offer. However, because contracts can fall through, the view here is that all written offers should be presented because there can be a need for a back-up agreement. Brokers typically have no obligation to present oral offers — “if I [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
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