Q&A: What can a real estate agent and broker require you to sign in a real estate deal?

Question by Lisa L: What can a real estate agent and broker require you to sign in a real estate deal?
I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set.

My real estate agent happened to tell the seller’s real estate agent that we found out some of these things on the property – most importantly about the flooding – and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don’t want to do it – it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don’t think I need to also let her off the hook as if she had disclosed these things to me – she did not. Can the realtor force me to sign these?
I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.

Best answer:

Answer by Faye H
Let her off what hook? If you’re still willing to purchase the property, even after knowing all the things that are wrong with it, where’s the hook? Unless you’re planning on suing one of them after the deal is closed.

If you don’t want to sign them, then don’t sign them but you’re likely to end the sale and possibly lose your earnest money in the process since you’ve already released all your contingencies.

I’m not sure what you are trying to accomplish by not signing them.

Know better? Leave your own answer in the comments!

Q&A: How can I find a good real estate investment coach?

Question by Xiang Z: How can I find a good real estate investment coach?
I am a new real estate investor. I am looking for a good real estate investment coach in San Francisco Bay Area. I have a real estate saleperson license and have basic real estate investment knowledge. I am looking for a good real estate investor coach who have years of success investment experience in residential and commericial. I have private funds for good deals and would like to be partnership or learn from savy investors.

Best answer:

Answer by Biancoa
Try going to your local real estate investors association. They normally have meetings once a month and as a guest you can usually attend for free. If you want to get into commercial, try working at a commercial only brokerage. They are the better ones to work at unless you want to only invest in single family homes.

What do you think? Answer below!

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