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In most jurisdictions they can sign with an "X" with two witnesses signing also. You need to check the law in your particular jurisdiction. They must make certain they have someone with them who they trust to read the contract to them so they understand what they're signing. Perhaps they could go early to give them time to sit and read through the contract. They should have a copy of the signed contract for their records and future reference.
In most jurisdictions they can sign with an "X" with two witnesses signing also. You need to check the law in your particular jurisdiction. They must make certain they have someone with them who they trust to read the contract to them so they understand what they're signing. Perhaps they could go early to give them time to sit and read through the contract. They should have a copy of the signed contract for their records and future reference.
In most jurisdictions they can sign with an "X" with two witnesses signing also. You need to check the law in your particular jurisdiction. They must make certain they have someone with them who they trust to read the contract to them so they understand what they're signing. Perhaps they could go early to give them time to sit and read through the contract. They should have a copy of the signed contract for their records and future reference.
In most jurisdictions they can sign with an "X" with two witnesses signing also. You need to check the law in your particular jurisdiction. They must make certain they have someone with them who they trust to read the contract to them so they understand what they're signing. Perhaps they could go early to give them time to sit and read through the contract. They should have a copy of the signed contract for their records and future reference.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoIn most jurisdictions they can sign with an "X" with two witnesses signing also. You need to check the law in your particular jurisdiction. They must make certain they have someone with them who they trust to read the contract to them so they understand what they're signing. Perhaps they could go early to give them time to sit and read through the contract. They should have a copy of the signed contract for their records and future reference.
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When is a real estate contract a binding contract?
When both parties sign the buy sell agreement and earnest money is in escrow.
Does the buyer have to pay commission to the real estate agency they use?
This is a good question, but the answer is not always clear. Up scale real estate in high priced areas typically charge for almost anything. As long as you do not sign a contract you are not legally liable to pay commission.
Can a seller cancel a real estate contract?
It's going to be up to the listing agent and his/her company. If they agree, you'll be asked to sign a Mutual Release that absolves them of any future/further liability.
How much money does a real estate agent get from a commission?
The commission may vary from state to state, but the standard amount is six percent. But the commission may be divided three ways, depending on who listed, showed, and sold the property, and who owns the real estate agency. The commission is paid by the seller of the property, not the buyer.A real estate broker is a real estate agent who has additional licensure and is usually the owner of the real estate agency. The broker employs real estate agents (sellers) to list, show, and sell property for the agency, but they work on commission, not salary. When a person decides to sell their property through a real estate agent, they will contact a real estate agency to list the property. The agent who lists the property is the listing agent, but other real estate agents, including the broker, can show and sell the property to prospective buyers, too.The agent who shows the property to the one who purchases it (the agent who 'closes the deal') is the selling agent.This can even be a real estate agent who works for another agency (broker), since it's rather common for one agency to list a property and another one to show and sell it.So, say John Brown wants to sell his house and contacts ABC Real Estate Agency. He speaks to the agent who was listed on the 'For Sale' sign and, after the agent meets the seller and examines the property, they decide on a price for the house, fill out all the paperwork, and it's now on the market. That agent is the listing agent.Then Simon Smith drives by the house, sees it, likes it, and wants to look at it. So he calls the agency who has it listed (ABC Real Estate Agency). But the listing agent isn't available, so another agent shows Simon Smith the house. Simon Smith loves the house, agrees on the price, and buys it. The second agent is the selling agent. In this case, the total commission of 6% on $250,000 is $15,000, and will be divided three ways. The broker will get 2% of the commission, which is $5,000. The listing agent will also get $5,000 at 2%, and the selling agent will get $5,000 at 2%, as well.But if the listing agent had been the one to also show and sell it, they would have received $10,000 commission, and the broker would have received $5,000. And if the broker had listed, shown and sold the house, he would have received the entire 6% commission of $15,000.
Is it true that employment has no relationship with contracts?
In order to be employed you need to sign a contract which states what you have to do and how much you will be paid. Thus employment and contracts go hand in hand.
When is a real estate contract a binding contract?
When both parties sign the buy sell agreement and earnest money is in escrow.
Can a wife sign for her husband?
A wife can sign a real estate contract for her husband if he grants her a power of attorney just like anyone else. What varies by state is the repercussion of a wife signing a contract on her own. In some states the catch phrase is it takes one to buy and two to sell. A wife can purchase real estate on her own and her husband is liable. However, when a married couple sells real estate, both parties must sign the real estate sales contract for it to be enforceable.
Is an old real estate contract enforceable if you sign a new one?
i would not think so.
Can a 14 yr old girl get courses for a real estate agent?
No. You have to be at least 18 to sign a contract.
Is there a time limit to sign a real estate contract by seller?
The time limit a seller has to sign a real estate contract will be part of the contract the buyer writes with his agent. Typically a buyer will get a recommendation from his Realtor what is customary in the local market. This can vary from giving the seller just a few hours, up to several days or more.
Can you start a small real estate agency at the age of 12?
No, a listing agreement for the sale of real estate is subject to the statute of frauds and must be a written contract. Only people over 18 in the US may sign a non-voidable contract. Otherwise, any contract entered into with a juvenile is voidable.
Is a contract binding if you sign only your first name?
That you signed means that you agreed to the contract. People who were illiterate would consummate a contract with an X. Often, they would need to have a literate witness sign but, the mark sealed the contract.
Real estate not listed for sale receives a bone fide offer to purchase. is the owner required to sell?
If you signed the contract to purchase then, YES ,you sold your house. If you didn't sign the contract and the home wasn't listed with a real estate co...you don't have to sell. If the home is listed with a real estate co. and you got a full price offer you would owe the comission.
Can a signed real estate contract be voided?
Possibly .. if the contract has such a clause as part of the document. Most likely it would take both parties to agree and sign before such could be invalidated.
Can your real estate agent still get a commission when you sign a contract with another agent?
it depends on the contract that you have with your original agent. If you are on sole agency, then yes. if you are on a joint agency contract and if they have not introduced the buyer and they are on a winner takes all basis, then no
I let a real estate contract expire. I did not sign and did not agree as contents differed from information discussed over the phone. Can I be liable for damages and sued as Realtor is advising?
No. It sounds like your realtor is a weasel. I'd report him/her to your state real estate commission.
Can you put a real estate sign on an easement?
no
