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Consequently the Company and the Agent are representing the Seller. BY SIGNING THIS UNREPRESENTED BUYER DISCLOSURE THE BUYER ACKNOWLEDGES AND AGREES THAT THE AGENT AND THE COMPANY WILL ONLY REPRESENT THE SELLER IN THIS TRANSACTION AS A THAT THE BUYER IS ENTITLED TO BE REPRESENTED BY A BUYER S AGENT WHO WILL REPRESENT ONLY THE BUYER. THE BUYER HAS HOWEVER ELECTED NOT TO BE REPRESENTED BY A REAL ESTATE AGENT IN THIS TRANSACTION. ACKNOWLEDGEMENT I/we acknowledge receipt of a copy of this...
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How to fill out unrepresented buyer disclosure
How to fill out unrepresented buyer disclosure
01
Obtain the unrepresented buyer disclosure form from your real estate professional or local authority.
02
Read the instructions carefully to understand the purpose of the disclosure.
03
Fill in your personal information, including your name, address, and contact details.
04
Specify the property you are interested in purchasing by providing the address and any relevant details.
05
Acknowledge your status as an unrepresented buyer, indicating that you do not have an agent representing you.
06
Review the responsibilities and obligations outlined in the form, ensuring you understand them.
07
Sign and date the disclosure form to validate your acknowledgment.
Who needs unrepresented buyer disclosure?
01
Unrepresented buyers who are purchasing real estate without the assistance of a real estate agent are required to use the unrepresented buyer disclosure.
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What is unrepresented buyer disclosure?
Unrepresented buyer disclosure is a legal document or statement provided by a real estate agent to inform a buyer who is not being represented by an agent about various important aspects of the buying process, including risks and considerations.
Who is required to file unrepresented buyer disclosure?
Real estate agents or brokers who are involved in transactions with buyers that do not have their own representation are typically required to file unrepresented buyer disclosures.
How to fill out unrepresented buyer disclosure?
To fill out an unrepresented buyer disclosure, one must include the buyer's information, details about the property, and specific sections regarding potential risks and the roles of the parties involved in the transaction.
What is the purpose of unrepresented buyer disclosure?
The purpose of unrepresented buyer disclosure is to ensure that unrepresented buyers are fully informed about the real estate process, as well as their rights and any potential conflicts of interest that might arise.
What information must be reported on unrepresented buyer disclosure?
The information that must be reported includes the buyer's acknowledgment that they are unrepresented, details about the property, potential risks associated with buying without an agent, and any fiduciary duties the agent may owe to other parties.
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