MRED allows the marketing of a future buyer’s contractual rights; however, the listing agent must confirm there are no provisions written into the sales contract forbidding this practice and the previous listing must be in a PEND status. The listing agent must mention in the listing’s Remarks field “This sale is based on the completion of a prior transaction”.
Can I list a property for my buyer if their previous purchase of that property has not yet closed? Print
Modified on: Thu, 8 Jul, 2021 at 1:48 PM
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