On each MLS listing there's a field that only members & HAR staff can see. (Agent Remarks). It's an opportunity for the Listing Agent to lay out the use of the title company, earnest money amount and other instructions to guide the buyers agent with their offer. Every once in awhile the agent working on behalf of the seller has a tendency to get carried away with demands...
Today I read the following:
"Seller requires use of electronic signatures. No faxes will be accepted."
To be honest, I don't believe that a home seller would make such demands. But lets assume that they did. First, can they make such a requirement? Is it legal? Believe it or not, some demands are against the law. An example would be that a buyer be required to use the sellers preferred lender when borrowing money for a home loan. The truth is, I don't know if the two examples I mentioned are legal or not. My opinion is that both demands are understandable, but not something you should put out there for the real estate world to read.
Here's two reasons why:
1. It makes you look like a difficult person/seller/Realtor to work with.
2. As a seller you could be losing out on a possible offer that you may definitely want.
No Realtor want's to deal with faxes and signatures that aren't legible, but attempting to force another agent to use electronic signatures is silly. There's a lot of clients I have worked with who simply did not like the process of electronic signatures. There's also a segment of our Realtor population that quite honestly don't like them either. There's also people who don't understand how to use it.
Be open to receive any and all offers no matter how they're sent.
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