What is a Form 6? The agent wants me to sign one. Should I?
A Form 6 is the contract between yourself (as the seller) and the real estate agent setting out the terms of their acting on your behalf in relation to selling your property. These documents can be complex. Our firm can provide you comprehensive advice regarding the Form 6 as part of our fixed price of acting on your sale matter. Depending on how you are engaging the agent (exclusive or open), there are some things to be aware of. For instance, if a potential buyer contacts the agent during their initial listing, even after the expiration of the agreement and that party purchases the property, the agent may be entitled to a commission.
Another aspect to keep in mind, is if the buyer terminates the contract both yourself and the agent share in the forfeited deposit (depending on the terms of the Form 6).
Contact us for advice that applies to your specific circumstances.