You can't be serious. (and don't call me Shirley)

[Charlie MacPherson]

I had to share something I came across yesterday.  It really raises the bar on the "you can't possibly be serious" meter. 

The "disclosures" field on the MLS listing says: "No Buyer Riders on P&S" and requires buyers to sign an addendum that states:

Seller’s Attorney does not have time to review everyone’s Buyer Rider (sometimes 6-10 page Rider). We use the MAR Standard Purchase and Sales Agreement and are happy to sign any financial addendum such as VA or FHA Addendum. 

Acknowledgment and Agreement Prohibiting Addition of any Buyer Rider/Addendum to P&S ____________________________________ (Address of Property)

I, the Prospective Buyer of the above-referenced property, hereby acknowledge and agree that it is prohibited to add a Buyer Rider/Addendum to the Purchase and Sales Agreement in this transaction upon written acceptance of my Offer. ____________________________ Buyer Date 

This is a well known rehabber in the area and the attorney is the broker of record.  Of course, the buyer's attorney adds his rider that is designed to protect the buyer.  The seller's attorney does the same.  

Not to be picky, but because we're a 2-contract state (offer, due diligence and then P&S) the seller's attorney only reviews ONE rider - the one from the person who has his offer accepted.

This is a sleazy trick to get the buyer to waive his rights to effective counsel.  The attorney should be sanctioned for it.  And needless to say, my clients will not waste their time on this property.

This is one of the more outrageous things I've seen on an MLS listing. I hope it sits on the market and rots.