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randian

Uncomfortable statement in the LPA letter

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It says "You pay nothing for our services if the Tenant/Buyer does not purchase your house".

 

1) It implies the owner pays if the TB does purchase, which isn't true: it's always the buyer that pays us.

2) It implies we get paid on the purchase, which looks like a commission (should you accidentally send it to a realtor)

 

I shortened it in my copy to "You pay nothing for our services". If the owner asks they get the standard "the buyer pays us", and I don't have to explain anything to a realtor.

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I agree. Changes and tweaks have been made to the LPA doc over the original, much as you described. I sent you a PM regarding this. :angry:

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