Noone bring me any REALLY good deals for the next 1-15 days, or I am subject to counter claims...Real estate industry.... get your act together.

I actually joined Chad Griffith industrial group.

👋I’m doing a deep dive into the property management industry and trying to stay on top of the latest trends across the nation.  

You don't have to sign the agreement, though some state laws require an exclusive contract.

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Quote from @Victor Yang:In addition, is it possible for me and my wife to gift 36k worth of equity per year of the house (under the annual exclusion limit) and therefore have none of the costs go towards the lifetime gift limit?

For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).

I have bought 2 rental properties and seen other realtors, and I have never once been presented with an exclusive buyers agreement.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

For practitioners in the real estate industry, the biggest challenge is not just the difficult work, high risks, or immense pressure, but the necessity to learn to let go of complete control over outcomes.