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Hi,

I need some advice. My agent has collected a 1% cheque from a potential Buyer A. I did not sign any documents at all & did not bank in the cheque. Can I still sell my property to Buyer B by accepting & banking in his cheque?

In this case, I understand that there is no contract between me (seller) and Buyer A as long as I return his cheque to him? Is that right?
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2 Answers

Mike Lim
Replied
Afternoon Sarah,

Your agent should be able to advice you accordingly. I'm not sure what arrangement you had with your salesperson, before the start of the sales, like Power of Attorney, Exclusive, etc.
All I can say if Option have being issued, you will have to abide by the rules.

FYI
Mike Lim
 96929209 
ERA Read More
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Ander Ang
Replied
Hi Sarah, agent collecting cheque to test owner's resolve in selling his/her property is v common. As long as no OTP is signed, you have the right to take up offer from another buyer. By posting a question here, you must have been thinking of seeking a 2nd opinion, since you can actually ask the agent directly. Anyway, feel free to contact me if you need any help. Tks. Ander ERA 96836230  Read More
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