Posted by Bill K. - FL on February 28, 2000 at 07:55:48:
I read the htm. It seems this clause is used for their deals as exchangors. Do they charge a commission for their services? In other words are they acting a brokers or go betweens? This would explain the reason for a “delay” while they find another party to exchange with. I was referring to transactions where only the principals are involved. In that situation there is no “delay” and hence no possible liability involved. Therefore the buyer does not need to sign anything relating to the sellers tax plan of exchanging rather than not.