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Updated about 6 years ago on . Most recent reply

User Stats

916
Posts
190
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Chaz Reid
  • Investor
  • Fayetteville, NC
190
Votes |
916
Posts

NCND

Chaz Reid
  • Investor
  • Fayetteville, NC
Posted

What is this? Got a email from a sellers agent and he wants me to wholesale some of their properties, but I have to sign this form before moving forward.

Is it just like a agreement to work with one another and the information shall remain confidential?

It also says, 3% total fees of the purchase price...

What am I reading here!?!?!?!

Most Popular Reply

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22,059
Posts
14,127
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Its complete garbage. Put the sender on your spammer list and forget about it and them.

NCND - non compete, non-disclosure. A document that says you won't tell anyone else about the deal

+3 - a fantasy the "seller" is engaging in where they think they're going to get a 3% fee for forwarding an e-mail to you.

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