Contracts

[Shawn Turner]

Where to find the best legal form of a contract a wholesaler can use ?

[Gary Bailey]

We had a lot of luck adapting the standard local Board of Realtors contracts when we first started out and couldn't afford an attorney.

It was nice because we could reassure our buyers/sellers by saying "now I'm not an agent but this is a standard Board of Realtors contract that most brokerages use."

I think sometimes buyers/sellers get intimidated when a completely custom, way too long or overly simplified contract is placed in front of them to sign.

Just remember that the contract is designed to protect all parties. However, contract law says that it could basically be written on a napkin in crayon and it would hold up as long as both parties are in agreement!

Gary