Disclosures, Waivers, and Acceptances (2020-2021 update)
Deborah Van Eendenburg
The Disclosures, Waivers, and Acceptances form previews items that will come up during the purchase process and pre-emptively gets you and I on the same page. We will see most, if not all, of these questions again when we make an offer on a property and go through the steps of writing a Purchase Agreement.
WHEN IS IT SIGNED?
At the same time the Exclusive Buyers Representation contract is signed.
HOW LONG DOES IT LAST?
It is effective until your transaction is closed or your Exclusive Buyers Representation Contract expires - whichever comes first.
IS THERE A FINANCIAL OBLIGATION?
Nope, there is no financial obligation.
The Minnesota Attorney General’s office has a Homebuyer’s Handbook that is an excellent resource. Dive in here. You can also download a copy of the Exclusive Buyer Representation Contract to familiarize yourself: