investinAK
02-05-2005, 11:01 PM
Hi everybody, I just wondered if it is normal for bird-dogs to sign a contract? I have no problem with it, to cover MY butt, but I wanna make sure there is no weird things thrown into this contract that I recieved. Oh by the way, I got the contract from this guy who saw one my ads to get buyers on a site, and they said they are interested in high priced homes ($500,000+) and would spilt their profit 50/50 with me. My first instinct was to not even respond, but naturally I was intrigued. I asked him why he wanted to split the profit 50/50, and he said that he wanted to keep his birddogs happy so they kept bringing him the deals-and he wasnt greedy...A legitimate response by MY book, but that is why I am HERE, is to ask your opinion. Thanks for the time....here is the contract I got sent...signed by him though. I have plenty of deals across the nation that I could send him and possibly make some bucks-if he is legit. :)
General Agreement
THIS AGREEMENT, made this 5th day of February 2005, by and between ---------, (NCDL# xxxxxxx) (First Party), and Ryan R (Second Party).
WITNESSETH: That in consideration of the mutual covenants and agreements to be kept and performed on the part of said parties hereto, respectively as herein stated, the said party of the first part does hereby covenant and agree that it shall:
I. Pay funds in the amount of 50% (fifty percent) of the total amount paid to first party (------). This payment will be paid upon every hom that first party closes. First party’s Corporation “Awiseway, LLC,” based in Virginia. Address of first party at the present time: ----------, but address will change to ----------- on March 4th.
II. And said party of the second part covenants and agrees that it shall: Ryan R, will provide homes that are in the price range of above $500,000 with no maximum, no rehab, all under 70% full market value. Such homes will be provided throughout all fifty (50) states, once given to Awiseway, LLC, Second party’s work will be complete as far as due diligence.
III. Other terms to be observed by and between the parties: First party and Second party will be at the closings, and if not, will be paid by check or transferring fund through the bank. If done by check, the shipping will be done using first party’s Fed Express account guaranteed delivery.
This agreement shall be binding upon the parties, their successors, assigns and personal representatives. Time is of the essence on all undertakings. This agreement shall be enforced under the laws of the State of North Carolina. This is the entire agreement.
Signed the date and year first above written.
General Agreement
THIS AGREEMENT, made this 5th day of February 2005, by and between ---------, (NCDL# xxxxxxx) (First Party), and Ryan R (Second Party).
WITNESSETH: That in consideration of the mutual covenants and agreements to be kept and performed on the part of said parties hereto, respectively as herein stated, the said party of the first part does hereby covenant and agree that it shall:
I. Pay funds in the amount of 50% (fifty percent) of the total amount paid to first party (------). This payment will be paid upon every hom that first party closes. First party’s Corporation “Awiseway, LLC,” based in Virginia. Address of first party at the present time: ----------, but address will change to ----------- on March 4th.
II. And said party of the second part covenants and agrees that it shall: Ryan R, will provide homes that are in the price range of above $500,000 with no maximum, no rehab, all under 70% full market value. Such homes will be provided throughout all fifty (50) states, once given to Awiseway, LLC, Second party’s work will be complete as far as due diligence.
III. Other terms to be observed by and between the parties: First party and Second party will be at the closings, and if not, will be paid by check or transferring fund through the bank. If done by check, the shipping will be done using first party’s Fed Express account guaranteed delivery.
This agreement shall be binding upon the parties, their successors, assigns and personal representatives. Time is of the essence on all undertakings. This agreement shall be enforced under the laws of the State of North Carolina. This is the entire agreement.
Signed the date and year first above written.