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Updated over 5 years ago on . Most recent reply
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When buying property for yourself in another state
Curious if there is specific disclosure verbiage that you need to use when buying something in another state, for yourself? Do you just need to put something like this on top or bottom of the P&S agreement?
"Buyer (checkbox) Seller (Checkbox) is a licensed real estate agent contracting in their own interest."
Or
"BUYER (checkbox) SELLER (Checkbox) IS THE PRINCIPLE IN THIS TRANSACTION AND IS A LICENSED REAL ESTATE AGENT. BUYER DOES NOT REPRESENT ANYONE IN THIS TRANSACTION BUT THEMSELVES."
Would either one be enough? Would I need to do more than this? I think either would work. I tried calling multiple agencies (NAR, local MLSs state agencies), they all just pawned me off to another department, nobody had an answer.
Thanks
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- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
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Alabama law just states that it must be disclosed. So I think the first one is fine.
- Greg Parker
- [email protected]
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