PA Standard Agreement of Sale

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Author:
tommyersrealtor
ID:
44393
Filename:
PA Standard Agreement of Sale
Updated:
2010-10-23 15:27:23
Tags:
real estate
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Description:
Pa standard agreement of sale
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  1. What is required in the section containing Parties?
    • Buyers Full Name
    • and
    • Sellers Full Name
  2. What is required in the section Property?
    • Property address
    • zip
    • Municipality
    • County
    • School District
    • Tax Id, Parcel #, lot, block, deed book, page, rocording date
  3. What is Required in Buyer's Relationship Section?
    • Broker (company), Licensee(s) (Name), Company Address, Direct Phone, Company Phone, Cell Phone, Fax, Email, Company Fax
    • Broker Is:
    • - Buyer Agent (broker repersents seller only)
    • - Dual Agent
    • Licensee is
    • -Buyer Agent with Designated Agency
    • -Buyer Agent without Designated Agency
    • -Dual Agent
  4. What is required in seller's relationship section?
    • Broker (company), Licensee(s) (Name), Company Address, Direct Phone, Company Phone, Cell Phone, Fax, Email, Company Fax
    • Broker Is:
    • - Seller Agent (broker repersents seller only)
    • - Dual Agent
    • Licensee is-
    • Seller Agent with Designated Agency
    • -Seller Agent without Designated Agency
    • -Dual Agent
  5. Dual and/or Designated Agency Section
    • Broker is a dual agent when a broker represents both buyer and seller.
    • Licensee is a dual agent when a licensee represents both buyer and seller.
    • Broker;s licensees are also dual agents Unless there are separate designated agents for buyer and seller.
    • If the same licensee is designated for buyer and seller, the licensee is a dual agent.
    • By signing this Agreement, Buyer and Seller each acknowledge having been previously informed of, and consented to, dual agency, if applicable.
  6. 1. By this agreement, dated___________
    seller hereby agrees to sell and convey to Buyer, who agrees to purchase, the idenified property
  7. 2. PURCHASE PRICE AND DEPOSITS
    • (A) Purchase Price $__________
    • (_______ U.S. Dollars), to be paid by buyer as follows:
    • 1. Deposits at signing of this agreement: $___________
    • 2. Deposit within_________days of the Execution Date of this Agreement: $______
    • 3. (blank can add options)
    • 4. Remaining balance will be paid at settlement
    • (B) Funds paid by buyer, including deposits, paid by check, cashier's check or wired funds. Funds paid within 30 DAYS of settlement, including funds paid at settlement, will be by cashier's check or wired funds, but not by personal check.
    • (c) Deposits, regardless of the form of payment and the person designated as payee, will paid in U.S. dollars to broker for seller (unless stated here:____) who will retain the deposits in an escrow aggount in confromity with all applicable laws and requaltions until consummation or termination of this agreement. Only real estate brokers are required to hld deposits in accordance with the rules and regulations of the state r.e. commission. checks tendered as deposits monies may be held uncashed pending the execution of this agreement.
  8. 3. Seller Assist (if applicable) (1-10)
    seller will pay $____ or ____% of purchase price (0 if not specified) toward buyer's costs, as permitted by the mortgage lender, if any. Seller is only obligated to pay up to the amount or percentage wich is approved by mortgage lender.

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