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Can a Homepath listing agent submit a offer online without a signed contract?

Website says need to upload signed local contract, addendum and provide deposit.
Is this only required for buyer agents and not listing agents?

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November 10 2013 - US
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Answers (3)

Profile picture for teresa032109
Had been in contact with listing agent for 6 months before property was listed on Homepath. Pre approved conventional loan. Met with LA at property told wanted to put offer. LA told myself and spouse to write names, phone number and offer amount on piece of paper.LA said since they were listing agent could submit offer online. Waited 1 week emailed LA to see if heard anything, responded "nothing will let you know". 2 more weeks pass send LA email no response, call no response. Check on Homepath site find out all of the things needed to submit offer (signed contract, EMD etc.) figured LA playing games. Decided to call different realtor, met with, filled out all contracts and they submitted offer on Homepath and uploaded documents. Following day(surprise), after a month ,received email from LA that said that I had a counteroffer. (didn't know from which offer). Was told counter was from offer LA submitted and couldn't submit other offer because already had an offer in. If LA submitted offer online without any contract would that be fraud? Is there anyway to get information about offer submitted in my name such as (when submitted and countered)? Was told by LA boss could not get information from them need to contact Fannie Mae. Thanks
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November 11 2013
The answer is NO, the offer has to be signed by the buyers.
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November 10 2013
The agent (either Buyer agent or Listing agent) must submit an offer signed by the Buyer on the local real estate association contract, with addendum and a copy of the earnest money check.  If you have a Buyer agent they will do it, if not the LA will do it.

If Fannie Mae accepts the offer, they will provide the Fannie Mae addendum for Buyer signature with escrow company (closing agent) instructions.  The Buyer then deposits the earnest money with the designated closing agent within 48 hours.

Once all signed paperwork has been received by FM they will approve and sign the contract.  This could take several days.  FM can change their mind anytime before they sign the complete package.
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November 10 2013
 
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