Have you ever heard of the saying different strokes for different folks? Doesn’t work the same for contracts. If you are going to use the FAR/Bar don’t use the FR addenda and vice versa, it totally screws up the intent of the contract. Each addendum is to be used with it’s companion contract. Using different addenda with a different (wrong) contract can leave you swinging in the wind if the Buyer chooses to default or it may place your Seller in jeopardy as to the intent of the transaction. Just about every 3rd or 4th transaction I am involved in, the other REALTOR uses one type of contract and a different addendum, and I always go back and ask the Buyer’s agent to please use one or the other but don’t mix them. In some instances they tell me I am nuts, or I don’t know what I am doing. At that point in time, my husband usually tells me…..don’t be so aggressive! I guess I just don’t have patience anymore. How can you help your customer with the biggest transaction in their lives and not know what you are doing? For those of you that read my blog, most or maybe even all of you know the right way , but it is sure scary that the majority have no clue!
So until my next head banging episode, have a profitable week!