Buyer Resources

In separate, single-party representation, the seller’s brokerage represents the seller and the buyer’s brokerage represents the buyer. Dual agency means the same brokerage represents both parties, with both parties’ knowledge and consent. It can arise even when different agents within Jennings Realty work with each side.

Review the agency disclosures and the transaction-specific confirmation of both the brokerage’s and individual agent’s roles in the purchase agreement. An inquiry, open-house visit, or seller payment alone does not establish that both parties are represented.

A dual agent has duties to both buyer and seller, rather than acting exclusively for one side. Without the respective party’s express permission, the agent cannot disclose confidential financial information, motivations, bargaining position, or willingness to accept a lower price or pay a higher price.

Confidentiality does not excuse withholding known facts materially affecting the property’s value or desirability. Discuss the agency arrangement and its limitations before consenting; do not assume different agents in the same firm remove brokerage-level dual agency.

No. Exclusivity concerns your agreement to work with a brokerage and the conditions under which compensation may be owed. Dual agency concerns whom the brokerage represents in a particular transaction. Review those decisions separately; an exclusive agreement does not by itself establish dual agency.

No. A seller paying a buyer’s broker does not, by itself, make that broker the seller’s agent. Representation and payment are documented separately. The RLA’s listing compensation covers the seller’s side; buyer-side compensation in dual agency requires a separate written buyer agreement.

An unrepresented buyer is different from a buyer represented by Jennings in dual agency. The RLA’s optional additional compensation for facilitating an unrepresented buyer’s transaction does not apply to dual agency. Neither situation automatically creates an extra fee; the agreed written terms control.

A contingency makes the purchase subject to a specified condition and can provide a contractual cancellation right while it remains available. The RPA addresses financing, appraisal, investigation, insurance, seller documents, title, and applicable association disclosures or leased and liened items.

Your actual offer, counteroffers and amendments determine which protections apply. Waiving or removing a contingency can give up important rights. Do not assume every offer includes every protection, that a preapproval guarantees a loan, or that a loan contingency substitutes for an appraisal contingency.

The supplied RPA treats insurance availability and acceptable cost as a separate contingency—not simply part of the loan contingency. Mountain-property coverage and premiums deserve early investigation with a qualified insurance professional.

Confirm availability, cost and the applicable deadline before removing the insurance protection. An inability to obtain insurance is not, by itself, a loan-contingency cancellation reason under this form. Whether you can cancel depends on your actual terms and remaining rights; coverage is not guaranteed.

Not automatically under the supplied RPA. Written removal, contractual obligations and required notices matter. After a missed contingency deadline, the seller may have a cancellation right after giving the required notice to perform. Do not treat this as permission to miss deadlines or as an unlimited right to cancel.

Track the agreed dates, obtain and review the required information, and discuss written removal or valid cancellation before acting. Changes to the RPA’s time periods require mutual written agreement. Removing a contingency can mean accepting the related risk and giving up its cancellation protection.

You can request repairs or other terms during the applicable investigation period, but the seller is not automatically required to agree or respond. If no agreement is reached, cancellation must rely on an applicable remaining contractual right—not merely the fact that you requested a repair.

The final verification of condition checks the property’s maintenance, agreed repairs and other seller obligations. It is not a new inspection contingency. Continue appropriate independent investigation of property-specific issues, including septic, wells, utilities, access and association requirements.

Neither is a safe assumption. Your earnest-money deposit is delivered to the escrow holder under the agreed instructions, not paid to your agent as a service fee. The amount, deadline, cancellation rights and default provisions in the completed contract matter.

Valid cancellation can provide for returning funds, less applicable fees and costs, but a cancellation notice alone does not release the deposit. Release requires mutual signed instructions, a judicial decision or an arbitration award under the supplied RPA. A dispute can delay release; seek a qualified California real-estate attorney’s advice about entitlement or default.

Any agreed liquidated-damages clause has its own requirements and conditions. Do not treat a percentage in a form as a required deposit, a universal damages cap, or automatic forfeiture. Ending the purchase contract also does not automatically terminate your buyer-representation agreement or settle obligations under it.

Independently verify escrow wire instructions using a trusted, independently obtained contact number. Do not rely solely on emailed instructions or changes; confirm account details directly with the escrow holder before transferring money.

Review the accepted seller credits and buyer-broker payment separately from your down payment and other closing costs. A general credit is not automatically a promise to pay your broker, lender limits can affect credits, and seller payment is not guaranteed. Closing and possession also follow the actual contract terms; signing papers alone does not mean you can move in.