Easily Hide Value Choice from the Purchase Agreement

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How to Hide Value Choice from the Purchase Agreement

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hi my names adam welcome to the channel thanks for joining us today today were going to talk about something thats earthed me since the day i got in the business ive been in the business almost 17 years now and this one thing has irked me from day one i noticed it literally the first day i stepped into the office to start working as a financial planner and its been prevalent for 17 years and i thought it would be gone by now and its not and that is a discussion of fees and more importantly transparency around fees and fee reporting everyone pays something even on you know platform like well simple trade where your trades are free theyre still making money on the exchange that fact so if you buy a us stock youre actually making 1.5 percent each weight so 3 so its actually a huge percentage people saying to me no no adam and im paying 0.5 for my investments and planning all that at the bank and i know thats not true because ive been in the business long enough so we start bre

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What makes a contract null and void?

Updated October 7,2020: A null and void contract is a formal agreement that is illegitimate and, thus, unenforceable from the moment it was created. Such a contract never comes into effect because it misses essential elements of a properly designed legal contract or violates contract laws altogether.

What happens after OTP?

Once both parties are agreeable to the terms, the buyer will pay the Option Fee to the seller, and the seller will sign the document. Once signed, the OTP becomes a legally binding document.

How do I hide assignment fees from buyer?

Set up an LLC as the buyer, not you as an individual. Then sell the LLC to the person that you would normally be wholesaling to for whatever your assignment fee would be. At closing, the buyer never changes, and there is no wholesale fee to hide.

When should I exercise OTP?

If the buyers wish to purchase the flat, they must exercise the OTP during the Option Period. You have to wait for the OTP to expire before granting another OTP. The Option Period is 21 calendar days (including Saturdays, Sundays, and Public Holidays), from the date of granting the OTP (refer to Step 2).

What makes a purchase contract void?

A voidable contract is a formal agreement between two parties that may be rendered unenforceable for any number of legal reasons, which may include: Failure by one or both parties to disclose a material fact. A mistake, misrepresentation, or fraud. Undue influence or duress.

What are examples of void contracts in real estate?

Voidable Contracts Any contract that contains a contingency clause is voidable. For example, many real estate contracts include home inspection contingencies. If the home inspection finds that the hot water heater is broken, that makes it voidable.

What voids a purchase agreement?

Alternatively, a contract is voidable when one or both parties were not legally capable of entering into the agreementfor example, when one party is a minor. In contrast, a void contract is inherently unenforceable.

How a seller may cancel a purchase agreement checklist?

Seller Cancellation Make sure the seller has fulfilled all of their obligations. Determine if the buyer has failed to perform within time required. Complete the NBP [Notice to Perform] or DCE [Demand to close Escrow]. The NBP (or DCE) must then be delivered to and personally received by the Selling Agent or Buyer.

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