By his/her signature herein below, Seller specifically agrees to the provision stated in this paragraph: (1) Buyer may cancel this Agreement, (2) Buyer may insist upon the specific performance of the Seller under this Agreement, or (3) Buyer shall be entitled to receive from Seller a total sum of $50,000 or 25 percent of the contractual price, whichever one is greater.

It takes a certain chutzpah to complain about people giving you numbers you don't like when you contact them, when they have not listed their property, and then further insist that they throw out the first number.

I once had a seller insisting that his home was worth 5% more then one just like it down the street  that sold the week before because his front door was red and the other home had a blue front door, and he was serious.  

Maybe I should be more  specific.I know what equity is.But I seen some videos of youtube where the speaker insisted the importance of 90%+ equity is crucial.So that is why i asked the (general) question.

I was curious what one needs to be concerned about should the buyer or seller insist on this but since I haven't even used one of my own yet, I suppose I wouldn't have a preference anyway but did you still run the contract for the condo and the (almost) seller financed deal by your attorney or title company or in the case with the seller's lawyer, if they are closing a real estate transaction are they neutral in their involvement?

When you buy a Big Mac do you insist on knowing how much profit they are making?

By his/her signature herein below, Seller specifically agrees to the provision stated in this paragraph: (1) Buyer may cancel this Agreement, (2) Buyer may insist upon the specific performance of the Seller under this Agreement, or (3) Buyer shall be entitled to receive from Seller a total sum of $50,000 or 25 percent of the contractual price, whichever one is greater.INSPECTION OF PROPERTY: Buyer shall have until the close of escrow to complete all Buyer investigations of the Property, approve all disclosures, and other applicable information, which Buyer receives from Seller and/or persons hired to inspect property on behalf of Buyer; and approve all matters affecting the Property, including but not limited to, the marketability of the property in order to determine the usability and feasibility of the Property.

We insist on using a particular closing agent nationwide, but in many areas the seller chooses the closing agent.

Your reputation will catch up with you, I promise you it will, sooner or later you'll bump into someone in your area that looks out for the RE industry, someone who deals ethically and insists on ethical and lawful dealings in their area like me.

.- The program insists that you have an attorney review everything you do, they inspire you to get out of your comfort zone and achieve success but are fanatical about making sure you stay legal- They operate by Christian standards, empahsize the discipline of giving back, and inspire us to never sacrifice ethics for success.