The Financing Contingency

This article is the second in a series entitled “When Can You Get Out Of A Contract Without Adverse Consequences?” In last month’s article the topics for this series were introduced, and the topic for this month is the financing contingency. The focus will be on the financing contingency in the St. Louis Association of Realtors Residential Sale Contract (the “Contract”).

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Schedule B: Encroachments

It is very important that our clients fully understand documents before they sign. These documents, like Schedule B, can be very complicated; especially with odd circumstances such as encroachments.

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Who Represents Your Interests?

“Dual Agency”, by statutory definition, means the salesperson and the designating broker represent the interests of BOTH Buyer and Seller. If a “Dual Agency” is created, the Buyer is no longer represented by a “Buyer’s Agent” in the transaction.

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