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Before any interaction between buyer and seller agents , potential sellers and buyers would sign contracts with their brokers The buyer agreement would state what services would be provided by the buyer broker and what compensation they would receive. The negotiation would continue until the parties agreed to the terms of the sale.
In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. If the owners are trying to sell by means of their own resources -- a sign or classified advertisement, say -- it is still wise to keep a buyer's agent on hand.
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