Buyer Agency (Required)
Buyer Agency provides you with information about the different types of real estate representation available to the consumer authorized in South Dakota. The agent will review these types of representation. An agency agreement is signed between the real estate company you choose to represent you and the agent you have chosen to assist you in finding a property. This document should be reviewed and signed by all parties prior to looking for home. (Consumer Guide pages 4 – 8)
A counter offer is meant to detail all terms of the Purchase Agreement to which one party or the other will not agree. The document is used to reach agreement on any outstanding issues established by the buyer or seller until both parties have “agreed to agree” in writing. Once both parties have reached agreement and the documents signed accepting the terms this document becomes an extension of the Purchase Agreement.
Lead Based Paint (Required in home built prior to 1978)
This form must be reviewed, completed and signed by the Buyer prior to submitting an offer.
Purchase Agreement (Required)
The Purchase Agreement represents an offer to purchase a home initiated by the buyers. An offer to Purchase is not accepted until both the buyers and the sellers have agreed in writing to all terms of the offer. The seller may counter offer the purchase agreement and the buyer may counter offer the seller until both parties have agreed in writing. There are specific rights and responsibilities detailed in the agreement that read and discussed with your agent prior to signing this document. This form meets the requirements of the South Dakota Real Estate Commission. (Consumer Guide pages 16 – 21)
Sellers Disclosure (Required)
As a buyer you are to be provided a Sellers Disclosure prior to writing an offer on a property. This document provides you information on the Sellers knowledge of various aspects of the home. Use this document for formulate with your agent and additional items that you would ask about and have written answers too prior to the offer being accepted. Please read the top and bottom of the forms carefully for additional explanations and reference the Consumer Guide. (Page 14)