MLS PRINT OUT

NO--IT IS NOT A CONTRACT

Between the buyer and the seller!

 

I am talking about the MLS printout!

And this email is for those that do not know this.

 

Week after week, we brokers again explain this issue. Last month, I talked to someone who has been in the business for a couple of years and also a 40 year veteran.

They both believed that since the MLS says certain appliances go with the property then  there is no need to write it into the contract.

They are both wrong and now have a new problem to face with their buyers since they represented that the appliances go with the property.

And here's another one--the MLS says that no SPDS or CLUE report is available and then write a contract for a client that states--there WILL be a SPDS and CLUE report. Another pilot error!

The only part of the MLS printout that is a contract is the compensation offer--from the listing broker to the selling broker--and that has nothing to do with the buyers and sellers transaction with each other.

SO, do not ABSOLUTELY rely on the MLS info.

Verify anything that is important and write it into the contract.

 

My advice--think before you write contracts or you may be writing a check next.

 

OR--do it the easy way and call a broker if you have doubts about anything--we are happy to help you!

 

 

BEGIN--THE REST IS EASY

Bob Stephens  CRB  e-PRO

Managing Broker

West USA Realty