News & Information: Risk Management Tips

Risk Management - Item Conveyance

Friday, July 20, 2012  
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»Be sure to include in the contract all the items that convey with the home to avoid confusion.

If a listing in the MLS indicates certain items convey with the sale of the home, those items must be listed on the purchase contract to be enforceable. The contract overrides the MLS and the sellers disclosure, so be sure the contract clearly indicates what’s included, and maybe more importantly, what isn’t.

Risk Management Tips of the Week are provided by the ORRA Risk Management Subcommittee as a service to ORRA members. The tips are not a substitute for individual legal consultation. Tips should not be relied upon in specific situations without consulting a real estate attorney.

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