Tennessee Offer to Purchase for Cash by The Fundamerican Companies, Inc.

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US-CC-4-107D
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This is a multi-state form covering the subject matter of the title.
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  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.
  • Preview Offer to Purchase for Cash by The Fundamerican Companies, Inc.

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FAQ

Why an ?exclusive? agent is best. The easiest way to avoid dual agency is to hire a real estate agent who always works in a ?single-agency capacity.? If you're a buyer, hire an agent who exclusively works as a buyer's agent, never a seller's agent. If you're selling, seek out an agent who exclusively represents sellers ...

While a dual agency situation is legal in Tennessee, it is not recommended because as a dual agent you are the only agent representing both the seller and the buyer. Because you are involved in both sides of the transaction, you cannot hold a fiduciary relationship and cannot maintain confidentiality.

In other words, a dual agent represents both the buyer and seller in a real estate deal. Dual agency is illegal in the following eight states: Wyoming, Alaska, Vermont, Colorado, Flroida, Maryland, Texas, and Kansas. All the other states and the District of Columbia, permit dual agency.

Dual license dual agency situation is when two agents from the same brokerage or real estate company represent a buyer and seller. It is also known as a designated agency or appointed agency.

Typically, earnest money is held by a third party called an ?escrow agent? or ?escrow holder.? The escrow holder may be a title company, a real estate office, an attorney's office, or any other party designated in the contract.

Dual agency occurs when a real estate agent works on behalf of both the home buyer and seller. In most real estate transactions, it is much more common to have separate agents represent each party, as this helps avoid the conflict of interest that can happen when an agent negotiates for both sides.

Buyers who discover a material defect after they move in must file an action within one year from the date they received the disclosure statement or the date of closing, whichever occurs first. They must then find a way to prove that the seller actually knew about the problem and then didn't disclose it.

The disclosure of agency status must be confirmed in writing with an unrepresented seller prior to execution of a listing agreement or presentation of an offer to purchase, whichever comes first.

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Tennessee Offer to Purchase for Cash by The Fundamerican Companies, Inc.