The internet has effectively neutered our attention to the details when signing a legally binding contract.
When you install an APP or register on a website to do, well, just about anything on the internet, you’ll have to check the box indicating that you understand and agree to the terms and conditions.
If you don’t check the box, you don’t get to use the widget.
You have a choice . . . click the link and READ the 11 pages of minuscule print non of which you can change in the event you don’t like it . . . or not.
Either way, you don’t get to use the widget unless that box is checked.
We all do it . . . We “X” those boxes so fast they’re not even more than a nanosecond delay of our need for immediate gratification.
The horrific truth is that most people now are conditioned to agree to terms and conditions even though they have no clue whatsoever . . . no knowledge or understanding of what they have just committed themselves to perform in the future. 30 days later, the $29,95 begins to sail out of your bank account like clockwork every month in perpetuity . . . for something you really never intended to use in the first place. When you discover the fees (6 months later), you attempt to cancel the subscription only to learn that you agreed to a 2 year term.
Sadly, this lackadaisical practice regarding internet widgets creates a mindset that carries into more complex and onerous contractual agreements, like . . . Buying and Selling houses.
The newly revised forms for Real Estate Transactions provided by the State REALTOR Association TNREALTORS, rolled out recently, and I reviewed all of the changes with the Vital Few Members of Pareto Realty in yesterday’s monthly Team Meeting.
Mid-way through the meeting, it struck me that the Purchase and Sale Agreement is 11 pages long and is VERY full of significant terms and conditions most of which most agents understand and some of which most agents do NOT understand.
It’s frightening (to me) that many Home Buyers and Sellers sign these complex documents with very limited knowledge of the terms and conditions.
Even as REALTORS attempt to explain in detail, so many clients “don’t have time” and/or don’t have the attention span to be able to fully understand.
My plea . . . S.L.O.W. . . D.O.W.N
You can hustle your way through the process willy nilly if you’d like, but PLEASE take whatever time necessary to understand the contractual obligations.
KNOW what you are signing, or don’t sign it.
This isn’t an internet widget you’re buying.
(Hops off his soap box)