Many resources are available to help consumers make their real estate choices and carry out real estate transactions. Consumers are encouraged to access it as much as possible in order to be fully informed about continuing one of the most important purchases of their lives. Consumers are encouraged to read the Consumer Guide for Buying and Selling Homes, which can be found at the following address: www.nrec.ne.gov/pdf/forms/cnsm.pdf to prepare their real estate transaction. Please read the Property and Community Resources section for information about the property you are selling. If you receive an offer to purchase your property, you have the option to accept the offer in writing, reject it or submit a counter-offer, if you have any questions about a contract, you should seek advice from a real estate licensor or lawyer. A contractual agreement between the seller and a real estate agent is usually called A Listing Agreement, which usually does two main things. This agreement generally defines the relationship and indemnification between the seller and the real estate agent, represented by the affiliated real estate licensor who works with you, the seller. The listing agreement defines the conditions of sale (price, what is included and what is not, etc.) that the seller requests, as well as the obligations and responsibilities of the licensed listing, also known as the seller`s agent. While most real estate licensees have listing agreements that they use regularly, a copy of a model listing agreement developed by the Nebraska Real Estate Commission is available at nrec.nebraska.gov/pdf/forms/RIGHT2SL.pdf. In any case, if you have any questions about a contract, you should seek legal advice. Lead-Based Color Disclosure (42 U.S. Code § 4852d) – Intended specifically for housing built before 1978, this forced disclosure of the means of transmission of real estate requires buyers to provide documents/records of the discovery of lead paint within the boundaries of the property. Real estate purchase contracts usually include promises and provisions guaranteeing the condition of a property.
Many states require sellers to disclose explicit information about the condition of a property. In states where this is necessary and where a seller intentionally conceals such information, they can be prosecuted for fraud. Whether you are introducing a real estate licensee or selling your home yourself, the law requires that, if you are selling a residential property of 1 to 4 units, you must provide all potential buyers with a disclosure form of the seller`s ownership conditions before they are required to purchase your property. Therefore, you must fill out this form in depth and be available to all interested buyers. This form is available on the Nebraska Employment Commission website at https:/nrec.nebraska.gov/pdf/forms/spcd.pdf. Lead-based Color Disclosure – When selling a home built before 1978, the seller must provide potential buyers with a disclosure form describing the possibility of lead-based paint being present on the land. . . .