From time to time I hear of things that just make me cringe. This is one of them – signing a blank contract or form for the agent to complete later. I don't know why anyone would ever consent to this, and I can't thing of any reason for it to happen at all, other then the agent is too lazy to do things correctly.
Just so you don't think I'm a heartless here's how it might go down… You trust the agent you are working with and while you're negotiating things are changing rapidly, so they suggest you sign a blank amendment/addendum and once the details are agreed to they will complete the pre-signed form. You trust them so it must be okay. Sounds easy enough, except anything could go on that form including mistakes and you'd be responsible for them. Since you signed it, you are on the hook for whatever is on it. So if someone ever puts a blank form in front of you all I can say is your smartest move would be to kick them to the curb and get someone else to represent you:
- You should always be the last review of anything that you are putting your name to.
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There are alot of very responsible agents who would never have you sign something like a blank fom. Use one of them.
You have to wonder how some of these stupid ideas ever come to life. You make a good point about the client being bound by the agent’s actions, and there are equally troubling consequences for the agent with the regulator. My province’s commission would nail an agent to the cross for this practice if they caught wind of it.
That is the case with the regulator here. The majority of REALTORS do things correctly however there some agents who out of ignorance or complete disregard for the rules pull this crap.
I consider Sheldon a very fair Realtor who allows both side of the story to be told, but there are some out there who make it hard on the good Realtors.
These are the ones that make it hard for Realtors
Just read the comments.
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