New Houston Wholesaler contract question

[Leslie Gaines]

As a wholesaler with a signed TREC contract with the seller of a property, what prevents the potential buyer from going directly to the seller and offering a lower cash price? Does the TREC contract contain language that prevents the seller from talking to anyone else concerning the sale of the property for a specific time period? Thanks in advance!

[Vijaianand Thirunageswaram]

@Leslie Gaines

Not really. They can go around you and sell it someone else too. That's why many wholesaler file the Letter of Intent or memorandum in county to seal it. If you do it, when they sell it and title will not get clean title and they cannot proceed forward. But be careful it.