My convenience store has been in escrow for one month still waiting for beer license to be transferred.
My listing agent (acting as dual agency) told me yesterday that it’s mandatory for me to sign a form(real estate risk management) & pay $199 at time of closing of escrow & that if I don’t sign, escrow will not close.
I called the escrow but escrow agent told me that it has nothing to do with escrow but has to do with the realestate agency.
Basically what I think agent want me to do is to pay in advance & get 3 year contract with a company that’ll provide legal service if legal dispute arise later on. But I’d rather get my own legal advice. Why is my agent forcing me to sign & pay for this? The company’s website that my agent want me to get contract with is www.rerm.com.
I tried to contact the department of real estate to ask if my realtor is acting within the realestate law but all their numbers are just recorded messages & no way to leave any message. And I can’t find email for them either. What sould I do?
Stuart_H said:
Oct 14, 09 at 12:20 pmhonestly I wouldn’t sign anything that you don’t feel comfortable with. You hear stories all the time about real esate agents trying to bilk money out of their clients. I would sit down with the agent and make them show you some sort of legal premise for why you have to sign the doc.