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Updated almost 11 years ago,
pro/con using RE agent's contract vs. my 1 page contract
A realtor friend, gave me a lead on a property that is not listed on the mls. Another realtor, friend of the property owner, sent my realtor friend an email about this property. I am interested in purchasing it for 2K, however my realtor friend presented me her contract and I am used to using my 1 page, straightforward contract that contains a couple of escape clauses. I am leery of signing a 5 legal page contract, even if it has my terms. I understand that by using the realtor's contract that the agents will earn a commission. Is there anything else that I should be aware of/skeptical of in this deal. Thanks.