Download the Form This form is used by a buyer agent when preparing a purchase offer and performance by the buyer is contingent on their further approval of the value of the property, to add as an addendum a boilerplate...
Read MoreDownload the Form This form is used by a buyer agent when preparing a purchase offer and performance by the buyer is contingent on their further approval of aspects of hazard insurance, to add as an addendum a boilerplate...
Read MoreDownload the Form This form is used by a buyer agent when preparing a purchase offer, to add as an addendum a contingency provision for buyer approval or cancellation of the transaction based on the condition and future...
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A buyer agent uses RPI Form 260, 261 and 266 to determine the status of property conditions about whether the roof is adequate, hazard insurance is available and the purchase price is reasonably related to the property’s fair market value.
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An agent or escrow officer uses RPI Form 401 when preparing instructions to open a purchase escrow with an escrow officer, and RPI Form 415 when escrow requests mortgage information from a mortgage holder regarding their lien on a property to confirm the terms of the debt or obtain a payoff demand.
Read MoreDownload the Form This form is used by a buyer broker when preparing an offer for their buyer-client to purchase an interest in one-to-four unit residential property with short sale contingency provisions. Your use of RPI Form...
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Alternative methods to a foreclosure sale on mortgaged property include a short sale and a deed-in-lieu of foreclosure. RPI Form 150-5 allows a buyer to purchase a property when the mortgage holder agrees to take a reduced payoff to satisfy the debt and clear title. RPI Form 406 allows an owner to deed their property directly to their mortgage holder.
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A new law prohibits investors and their agents from swooping in after a fire and submitting offers to homeowners who have not yet marketed their property for sale.
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A provision in the purchase agreement achieves the same objective as a separate addendum with paragraphs of legal jargon. The difference: our forms are engineered simple.
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Follow the steps of a buyer agent from representation agreement to closing on a buyer’s acquisition of property and recognize a buyer’s breach of the purchase agreement.
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Learn when a binding agreement to buy and sell real estate is formed and how to assist clients by preparing and submitting or responding to an offer to buy real estate.
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Learn the contract elements comprising an enforceable agreement and how to manage the submission of an offer for the sale, lease or exchange of real estate.
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Learn to conduct a transaction as a buyer agent when a seller breaches the purchase agreement with a buyer, discuss remedies available to the buyer and review money losses the buyer may recover on a seller’s breach.
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The diversity of people, properties and situations in real estate transactions requires a diverse array of purchase agreements on which to write and submit an offer to acquire real estate.
Read MoreDownload the Form This form is used by a buyer broker when preparing an offer for their buyer-client to purchase an interest in other than one-to-four unit residential property. Your use of RPI Form 151 Purchase agreement...
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A buyer broker uses RPI Form 151 when preparing an offer to purchase income-producing real estate, excluding one-to-four unit residential property.
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Learn how to counter an offer with a purchase agreement calling for the buyer to pay the broker fee and avoid claims of tortious interference.
Read More![Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]](https://journal.firsttuesday.us/wp-content/uploads/purchase-agreement-1-627x376.jpg)
A buyer agent uses RPI Form 150 when preparing an offer for their buyer to purchase one-to-four unit residential property with a fee provision for disbursing the buyer broker fee from the purchase price.
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Always enter into a written employment agreement with the buyer using RPI Forms 103.1 and 103.2. Renew or extend the retainer period with RPI Form 103.1A or 103.2A.
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