Real Estate Bid Authority

Real Estate Bid Authority

Client Name:   Primary Phone:

Client Email:   Client Address:

Broker / Agent

Property Identification

Offer Parameters and Bid Instructions

Effective Date of Authority: .

Earnest Money Amount: to be delivered by to the escrow or title agent identified below.

Financing, Contingencies, and Deadlines

Financing Type (check all that apply): Cash Conventional FHA VA Other

Financing Contingency Period: days following mutual acceptance.   Inspection Contingency Period: days.

Appraisal Contingency: Included   Waive Appraisal Contingency if below purchase price by no more than:

Authority Granted to Agent

Client hereby authorizes the Agent to present offers and counteroffers for the Property on Client's behalf consistent with the Offer Parameters set forth above. Agent is specifically authorized to:

• Submit the Initial Offer and subsequent permitted counteroffers up to the Maximum Authorized Purchase Price.
• Negotiate non-monetary terms such as closing and possession dates within a reasonable range that does not increase the purchase price.
• Execute written offers and counteroffers on Client's behalf only if the checkbox below is selected; otherwise Agent shall seek Client's prior signature for each binding offer.

Agent is authorized to sign purchase contracts and counteroffers on behalf of Client within the monetary and material limits set forth in this document.

If the above box is checked, Agent may accept counteroffers that: (a) do not exceed the Maximum Authorized Purchase Price; and (b) do not materially alter financing or contingency terms without prior Client consent.

Disclosures, Acknowledgements, and Representations

Lead-Based Paint (if applicable — premises built prior to 1978): Yes No Unknown

Mold / Prior Water Damage: Yes No Unknown

Prior Material Damage or Structural Repairs: Yes No Unknown

Client represents that Client has the legal capacity and authority to enter into a purchase contract for the Property and that Client will promptly provide any documentation reasonably required to complete negotiation and closing.

Delivery of Funds and Escrow Instructions

All earnest money and other funds due with any offer will be delivered as instructed in the offer and in accordance with the escrow/title instructions. Client directs Agent to deposit earnest money into escrow or as otherwise required by the counterparty only after Client's approval unless Agent has been authorized to sign as set forth above.

Default, Termination, and Remedies

This Bid Authority shall terminate automatically upon mutual execution of a purchase contract for the Property, upon written revocation by Client, or upon the Authority Expiration Date below, whichever occurs first. Client acknowledges that Agent shall have no liability for failing to procure an offer or for any market or seller decisions outside Agent's control.

Authority Expiration Date: .

Indemnification, Governing Law, and Entire Agreement

Client agrees to indemnify and hold Agent and Broker harmless from any claims, losses, or expenses arising from Client's misrepresentations or failure to provide requested documentation in a timely manner. This Bid Authority shall be governed by the laws of the state in which the Property is located. This document constitutes the entire agreement between the parties regarding the subject matter herein and supersedes prior oral or written authorities.

Certifications

By signing below, Client certifies that Client has read and understands this Real Estate Bid Authority; that the information provided above is true and correct to the best of Client's knowledge; and that Client authorizes the Agent to act as described herein for the duration of the Authority. Broker/Agent certifies that Agent will act in the Client's best interests and in accordance with applicable real estate licensing laws and brokerage policies.

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