Q - I have my home listed for sale but I will be out of town for a couple of weeks. If an offer is made while I'm away, can my agent make changes and sign a contract on my behalf after consulting with me by phone?
A - Yes your agent can sign on your behalf if you have provided written authorization to your agent. Prior to going out of town, prepare a short note indicating that your agent (provide agent's name and name of brokerage) is authorized to sign on your behalf in the sale of your home (provide address) after consultation with you. Also specify the dates during which this authorization will be valid (normally the dates that you will be out of town).
Should an offer take place that is ultimately acceptable, the agent normally provides a copy of the written authorization to the buyer's agent to validate that the seller's agent had the authority to sign the contract. The agent should sign his own name (not yours) but print that he is acting as agent for you.
It is good practice for an agent to have the contract ratified upon return of the client, i.e. have the client also sign the contract.
Practical answers to your real estate questions based on my experience as a real estate agent and Managing Broker. Although the discussions reflect rules and customs in the Canadian market, some principles are valid in other areas. More information in my book "The Real Estate Process: Pros Discuss Buying and Selling Your Home".
Showing posts with label authority to sign. Show all posts
Showing posts with label authority to sign. Show all posts
Friday, October 7, 2011
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