Essential Contract Clauses
by William Bronchick, Esq.
Congratulations! You just purchased that new home study course. You followed the instructions. You found a good deal. You present your contract to the listing broker, and you get laughed at!
The reality is, real estate brokers don't like "seminar" forms. They are comfortable using the "standard" agreement, although the standard agreement is usually drafted to protect the real estate broker, not you.
You must learn how to take any "standard" agreement and modify it to your liking. The following are some essential clauses I use when buying a property:
,And/or assigns, or ,and/or Nominees,
As the buyer, you want to have the right to assign your contract. By placing your name with the words, ,an...
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