Presentation of the promise to purchase
Once the promise to purchase has been completed and signed by the buyer, the broker must present it to the seller. As with all stages of the buying or selling process, this presentation should not be taken lightly as it represents the beginning of the negotiation.
The broker must take into account the context of the transaction, including the respective expectations of the buyer and the seller, and adopt the appropriate method or strategy to fully represent the interests of his client.
For more information:
- Guideline – Collaboration and remuneration sharing: 6. Disclosing information relevant to the completion of the transaction
- Guideline – Collaboration and remuneration sharing: 7. Disclosing the existence of any transaction proposal
- Guideline – Collaboration and remuneration sharing: 8. Presenting transaction proposals
- Very low offer price: The obligations of brokers involved
- The importance for the parties to clearly understand the promise to purchase
- Reference number
- 265006
- Last update
- May 18, 2023