How many times have you just signed a contract without reading it or going over the entire agreement? I know I have many of times. Although, in Real Estate, whether you represent the seller or the buyer, it is so important to go over these fine details with the clients. No you are not a layer and no you cannot interpret the language of the contract but you can go over with them and if they have questions that you can not answer they can contact their lawyer. So many times I have spoke with clients that said they didn't know what they signed, they just signed. I know that clients aren't going to remember everything they sign, but they should be able to recall that you took a significant amount of time going over the contract, and all the addendum's explaining what each one meant to them, and they will remember the jist of things.
According to Article 9 - Standard of Practice 9-2
When assisting or enabling a client or customer in establishing a contractual relationship (e.g.,
listing and representation agreements, purchase agreements, leases, etc.) electronically,
REALTORS® shall make reasonable efforts to explain the nature and disclose the specific terms of
the contractual relationship being established prior to it being agreed to by a contracting party.
(Adopted 1/07)
Understand it is time consuming but so worth it in the end and it is our duty.
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