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Updated about 8 years ago on . Most recent reply
Disclosure in Agreement of Sale
Hey BP!
I have a question for all the wholesalers out there. In your AOS do you have a clause in there which states that you will be making a profit from the purchase of said property or do you disclose this to the seller when you speak with them?
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Jay Hinrichs
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Professional Services
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- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
I don't necessarily agree with the above advice.
I always put this statement .. ( since I am licensed and your licensed and the other person is licensed) this won't hurt you can only help you.
" Buyer is a licensed real estate broker in the state of ??? and is a principal in this transaction and is buying this property for Loss or Profit ..... "
I believe in full transparency in these deals.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners