Brochures

As guides along the path of your real estate transition, we advise you to take the time to read through each Consumer Brochure as it relates to your situation.

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Disclaimer Regarding the Purchase of Certain Property

Buyer acknowledges that the Official Code of Georgia section 2-1-7 prohibits certain nonresident aliens, foreign persons, foreign companies and U.S. companies owned by any of the above from buying or possessing certain land within a 10-mile radius of any military base, military installation, or military airport. Buyer agrees to carefully read the entirety of the above referenced Code section before contracting to buy such land. Buyer should consult with legal counsel to fully understand the law. If Buyer has not submitted written questions to Broker regarding the law to Broker prior to contracting to buying prohibited property, Buyer acknowledges that Buyer fully understands the limitations and requirements of the law and Broker shall have no responsibility for further doing the same. In such event, Buyer shall indemnify and hold Broker harmless from any and all claims, causes of action, suits and damages arising out of or relating to Buyer’s failure to comply with the law. Violating the law can subject Buyer to civil and criminal penalties. The law also requires certain sellers and others to divest themselves of such property within certain time periods if they are now no longer legally able to purchase such property.

FIRPTA Affidavit

Unless Seller is a “foreign person”, as that term is defined in Section 1445(f)(3) of the Internal Revenue Code, Seller shall deliver to the closing attorney at closing a FIRPTA (Foreign Investment in Real Property Tax Act) Affidavit indicating that Seller is not a “foreign person”. If Seller is a “foreign person”, additional taxes may need to be withheld at closing.