A seller confronted a real estate agent about the prospect of drawing up various documents pertaining to real estate financing.
The seller even asked the agent if he would consider creating documents so that the seller might proceed with seller financing options.
When something like this occurs what should the agent do ?
A. Advise the seller to contact an attorney.
The documents related to seller financing represent legal liability and issues that are best discussed with an attorney.
Agent assisted seller financing documents could create some problems for both the seller and the agent, which could possibly include RESPA violations.