Non-Compete/Non-Disclosure Agreement

Google "NCND Agreement"...there are a couple you can down load.

Thanks! Good advice. Didn't think of that.

I'd still like to know when and how often you (all readers) present these agreements for signature. I mean, as soon as a prospective buyer asks for location and specific information of property, do you just come out and say, "Well, I have to have you sign an NCND before I can answer those questions"?

Another source is a Realtor. Most states when your working with agencies your required to sign one with your agent to let you know what their position is in handling properties. Very effectively worded. Modify it to suit you. Office supply stores such as Office Max have them usually and they are set up for your state. If you know a Real Estate Broker (not just an agent) that is an investor, they will have a good tight one that is only one page and you might not have much to cut, copy & paste to fit you.
Word of warning. Most of the investors with real money can find what your telling them even without the address and such. Been there done that. One even called me back to tell me he found it. He bought it too. All I got was a thanks. So be VERY prudent.

When to use one? That is a tricky question that has been discussed here a number of times. If you have a super rapport with your buyer it may do more harm than good. Now the fee schedule is another way to do it with finesse if you mix the 2 in words. You should be good with doing that do to your background.

Thanks to both Vonny and Michael.
And, Michael, I realize that anyone can Google almost anything and find it. That's my biggest fear in recruiting buyers: that they will find the way to circumvent me. Do you ever post your deals online, looking for buyers? How do you handle those that request more info? You send them all the NCND Agreement first? How can we be sure they don't contact the seller anyway? How would we even know if they did?

Get the property under contract yourself and then assign it to your buyer. Buyer deals directly with you. Seller is out of the loop. Have them sign the non- circumvention contract before closing with specific parties (buyer and seller)named in the contract. Attend the closing to ensure things go smoothly. If you double close the buyer and seller won't be in the same room together.
Skip the bird dog stuff and jump right in is my advise and my opinion of course.

Michael Mangham
MD Home Acquisitions LLC

What happens if you sign a NCND with your buyer, give him the address, and he says "Oh, I already knew about that property."