Why is important a Real Estate Sales Agreement (R.E.S.A)?
Whenever is possible, the Broker has to foreseeing any troubles when the sales commission is to be paid. Many of our associate brokers asked about how to protect themselves against this difficulties… the answer is simple: a Real Estate Sales Agreement (R.E.S.A.), a document signed by the Broker or Brokerage Company and the seller, stipulating commission to be paid, payment schedules, eventualities, communications in the event of default, procedures, time for selling, etc. This document, will likely be formed by at least two pages and it will be a strongly recommended tool for the broker to protect his commission in the future. Of course, this document is drafted by LandCo completely free for the broker if the Closing is to be carried out by our Company. Take your time, it will take no more than 2 minutes to sign and it will save months of troubles.
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