Buyer has read this Section and fully comprehends and understands the concept of Disclosed
Dual Agency under the laws in the State.
Therefore, the Buyer hereby agrees to ☐ ALLOW Disclosed Dual Agency ☐ NOT ALLOW
Disclosed Dual Agency.
VIII. Buyer’s Duties. Buyer agrees to work with the Agency in accordance with Section II of this
Agreement in addition to the following:
a.) Financial Records. Buyer agrees to submit any and all financial information to the
Agency in order to verify the Buyer’s ability to purchase real property. This includes, but
is not limited to, documentation related to tax returns, pay stubs, bank statements, credit
reports, pre-qualification or pre-approval letters, outstanding debts or liens, certificates of
ownership, and any other information that may assist in the Buyer’s ability to purchase
real property.
b.) Contact with 3
rd
Parties. Buyer recognizes that for the Agency to perform their services
to the best of their abilities, that the Buyer contact the Agency before visiting an open
house, contacting another agency, contacting a homeowner directly, or making any type
of communication that involves expressing interest in real property.
c.) Exclusive Responsibility. Buyer recognizes that ultimately it is their sole responsibility
to verify any and all information provided to Buyer by the Broker. Furthermore, Buyer
agrees to indemnify and hold the Broker harmless from any and all loss, cost, expense,
attorney fees, damage or claim arising out of this Agreement, including without limitation,
liability resulting from incomplete or inaccurate information provided to Broker.
IX. Disclaimer. Buyer acknowledges that the Broker is not a professional or expert in the
matters of law, Federal or State tax codes, financing, surveying, engineering, architectural,
structural, environmental, other physical conditions or non-physical details of real property. In
addition, the Broker has advised and recommended the Buyer to seek expert assistance for
advice on such matters. Broker makes no warranty or guarantee concerning the service of such
experts or their products, the condition of property, the absence of defects therein, or the
suitability of such property for Buyer’s purposes.
X. Dispute Resolution. In connection with the purchase of the real property, the Buyer and
Broker mutually covenant, stipulate and agree that in connection with the resolution of any
dispute or controversy arising out of or relating to this Agreement or concerning the real
property covered hereby, or the breach, termination, or validity thereof, shall be administered by
submitting to binding arbitration. Due to this Agreement involving interstate commerce, the
Agreement has been and will continue to be regulated by the laws in the United States of
America; and, that the contract(s) entered into by the Parties concerning the real property
evidence transactions involving and affecting commerce. The Parties agree that all disputes not
barred by applicable statutes of limitations or otherwise barred by law, resulting from or arising
out of this Agreement or the purchase contemplated; that Buyer and Broker agree to submit
such dispute(s) to binding arbitration, pursuant to the provisions of 9 U.S.C Section 1, et seq
and according o the Commercial Rules of the American Arbitration Association then existing in
the County where the real property being sold and located. The prepaid arbitration filing fees
and all other prepaid costs of the arbitration proceeding shall be paid by the party seeking to
invoke said arbitration, with the assignment of those costs to be divided between the parties as
the arbitrator sees fit in setting the Arbitration Award. It is hereby agreed that it is the intent of
the Parties that the Arbitrator’s Award is to be final and binding and judgment upon the award
rendered by the arbitration may be entered in any court having jurisdiction thereof. THIS
