For a fact, I know that I am not the only listing agent in Sacramento to expect buyers and their agents to conform to the purchase contract, but the reaction I sometimes receive astounds me. It's as though the agents cannot believe that we would ask the buyer to perform in accordance with the contract, and they don't understand why we don't just "lay off" the requests for documents such as the Contingency Release.
It's not like we enjoy asking for documents. We have a fiduciary relationship to our sellers to do what is best for our sellers, and what is best for our sellers is for all parties to adhere to the terms of the purchase contract. We're not trying to be ogres or make unreasonable demands, but you wouldn't know it by the way some agents react.
Fortunately, we have a new form released by the California Association of Realtors for agent use through ZipForms that allows a release of deposit, signed unilaterally by the seller. You can read more in my personal blog today about The Seller Demand to Release Deposit Can Shake Up California Escrows.
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