• Home
  • Property Search
    • Standard Search
    • Property Search Request
    • Homes By City/Community
      • Napa County
        • American Canyon
        • Angwin
        • Calistoga
        • Napa
        • St Helena
        • Yountville
      • Sonoma County
        • Geyserville
        • Glen Ellen
        • Healdsburg
        • Kenwood
        • Rohnert Park
        • Santa Rosa
        • Sonoma
        • Windsor
      • Solano County
        • Benicia
        • Fairfield
        • Fairfield – Rancho Solano
        • Fairfield – Green Valley
        • Fairfield – Cordelia
        • Fairfield – Paradise Valley
        • Rio Vista
        • Suisun City
        • Vacaville
        • Vallejo
        • Vallejo – Hiddenbrooke
      • Marin County
        • Novato
        • San Rafael
    • Luxury Homes and Estates by County
      • Napa Valley
      • Sonoma County
      • Solano County
      • Marin County
    • Residential Land by County
      • Marin County
      • Napa Valley
      • Solano County
      • Sonoma County
    • MultiFamily by County
      • Napa Valley MultiFamily
      • Sonoma County MultiFamily
      • Solano County MultiFamily
      • Marin County MultiFamily
    • Golf Course Communities
  • Buyers
    • Home Buyer Services
    • Land Buyer Services
  • Sellers
    • Home Seller Services
    • Land Seller Services
    • Probate/Trust RE Services
    • Free Property Valuation Reports
    • Property Information Form
  • Investors
    • Investor Services – Buying and Selling
    • Property Management
    • Business Plan Services
  • About Us
    • Our Company
    • Cozy Charming Crazy Real Estate
    • Our Current Listings
    • Past Transactions
    • Join The Cordon Real Estate Team
    • Silver Screen Selections
    • Online Privacy Policy
  • Contact
  • Real Estate Blog

Cordon Real Estate

Serving Buyers & Sellers Of Unique Homes & Land

Weekly Real Estate Question: Who Signs “Reviewed By”?

February 10, 2017 by JohnSouerbry

Real estate brokers and office managers are responsible for reviewing contracts originated by real estate agents who work under their supervision. This week’s real estate question regarding the Reviewed by signature block on standard real estate forms relates to an important facet of that supervision.

“I see a ‘Reviewed by _____’ signature block at the bottom of every real estate form I signed with my agent when I listed my house for sale. Who signs on that line?” A.F., Sacramento, CA

Review Signature Block

The Reviewed by line (circled in blue above) is usually printed at the bottom of the last page of most standard real estate forms. It is signed or initialed by your agent’s supervising broker or office manager after they review all the forms that you and your agent have signed. Review by the broker or manager is important. First, the review makes sure that the documents have no clerical errors and all signatures and initials are in place. Second, the listing agreement could be cancelled by the broker if they find listing terms they consider unacceptable. This is rare, but possible. Let’s look at the warning to sellers contained in the standard California REALTOR® residential listing agreement:

“17. MANAGEMENT APPROVAL: If an associate-licensee in Broker’s office (salesperson of associate-broker) enters into this Agreement on Broker’s behalf, Broker or Manager has the right to cancel this Agreement, in writing, within 5 Days after execution.”

If this form or another form with a similar statement is used, it means the Broker can cancel the listing within the stated number of days – just when seller and agent are beginning to sell the property. I recommend that sellers not wait the number of days specified to know if the supervisor has approved their contract. Follow up with the agent within 24 hours to make sure the broker has reviewed and approved the listing agreement.

Why would a broker cancel a listing agreement? It seldom happens, but here are examples:

  • Commission amount is incorrect.
  • Broker discovers that the property was previously listed for sale with another broker and that broker still has a valid claim to a portion of the sales commission.
  • Contract requires services not normally provided by the Broker that puts the Broker at risk (e.g. inspection services normally provided by a licensed property inspector).
  • Without pre-approval by the Broker, the agent has obligated the Broker to provide and pay for marketing services not normally provided by the Broker.
  • Broker disagrees with sales strategies contained in the agreement, such as the initial listing price.

Not all forms with a Reviewed by line are subject to cancellation. Ask your agent to explain each form you sign and their office’s procedures for review and approval.

Have a real estate question? Ask it using the form below and receive an answer via email, usually within 24 hours. We post the most interesting questions here each Friday for the benefit of all our readers.

NOTE: Real estate questions are answered within the scope of real estate broker expertise and no legal or tax advice is provided.  Contact a qualified legal or tax professional for questions regarding those issues.

Ask A Question

Your question will receive a response via confidential email.

Site Search

Search Articles By Category

Let's Get Started!

Quick links to our services:
   Find My Perfect Home!
   Sell My Property
   Fill My Vacancy
   Manage My Rental Property

Contact Us

Silver Screen Selections mainStay-at-home have you bored? Check out our Silver Screen Selections – movie and TV recommendations featuring classic and lesser-known titles.

Search This Site

Copyright, Disclaimer and Privacy Policy

Copyright 2012-2021 Cordon Real Estate or the content providers identified herein. Cordon Real Estate is licensed by the California Department of Real Estate, John A. Souerbry, Broker, License 01370983. This site contains no tax or legal advice, consult with a qualified professional for such services. We do not share information with third parties without your permission. View our Online Privacy Policy (under About Us on the menu bar).

Copyright © 2021 · AgentPress Pro Theme on Genesis Framework · WordPress · Log in