In part 4 of our Mistaken Identity: Forms Series, Annie Fitzsimmons (WR’s Legal Hotline Lawyer) discusses not a mistaken identity per se, but rather, a mistaken use of a provision called the ‘Information Verification Period’ (section W.) within Form 21 (Purchase and Sale Agreement)…
this provision allows a Buyer to terminate the Purchase and Sale Agreement within 10 days if Buyer discovers a material inaccuracy in any of the Seller’s representations made by Seller… some Buyer Brokers mistakenly believe this allows them access to the Seller’s home to test those representations via inspection, but it, in fact, does not in any way allow for that — with or without a home inspector, but without an Inspection Contingency (Form 34) Buyer won't have any basis to terminate -- watch as Annie explains -- be sure to subscribe and share!