Well that is a good question Scott. The Principal has to initial all documents within 5 Business days of signature of the offer. This does not always happen as the Associate Broker (agent) may keep that offer in the file, neglect to turn it in, or be waiting for a response.
All of these are No-No's. Your question is a good one but it requires more information for me to be able to help. Are there strict time frames? Yes! The penalties can run the gamut!
Good question. Follow up with more setail if you wish.
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