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Rainmaker
1,851,521
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

It never was 'ratified' until everyone signs it. Needs a new acceptance date - final date of initials.

Your contract was not ratified on Friday - it's today. We call it the acceptance date in IL.

Apr 11, 2016 08:36 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I agree with Gabe Sanders, I would check with a real estate attorney or your broker if you are an agent.

Apr 11, 2016 03:57 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Check with your local real estate attorney, but here in FL if only initials were added it should not need any other initials, though, the contract may be void because of the time it took to get the initials.  The effective date is when the last initial was signed.

Apr 11, 2016 03:50 AM
Rainmaker
1,629,311
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Yes, any modification or change should be signed and dates by both principals, but since the agreement was reached on that certain day, a mare missed initial will not change the date of a final mutual contract~ just my guess, do verify with your broker. 

Apr 12, 2016 05:33 PM
Rainmaker
1,027,602
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I'm going to join the chorus of check with your broker because contracts vary by locale, but in our area, if you were missing signatures and initials, you were never ratified in the first place.  

Apr 11, 2016 11:27 PM
Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Depends on the rules and law in your area, but otherwise I'm with Candice A. Donofrio on this one.

Apr 11, 2016 06:14 PM
Rainmaker
1,063,851
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

This is a great Q and it's too bad you are an Anon (but I understand, it is a current deal so no problema)

OUR (AZ) Contract has a clause in it called 'ENTIRE AGREEMENT' and specifically states that failure to initial any page of the Contract shall NOT affect its validity and terms.

I would:
1. Check to see if there is a similar clause in your Contract.
2. Have your broker review this and do the same, then advise.
3. If there is any question after that . . . check with legal counsel.

And if you are my agent, I am gonna threaten you to get all those spaces initialed and signed before I will sign off on it. :D

Apr 11, 2016 04:35 AM
Rainmaker
2,071,130
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Great question and answers. 

Dec 08, 2019 09:27 PM
Rainmaker
1,598,502
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

You got all right answers. Best of luck. 

Dec 08, 2019 09:09 PM
Ambassador
6,458,014
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Check with your broker or your attny.

Jul 17, 2017 11:53 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If it wasn't fully signed it is not ratified and you need to get it done and satrt the clock again.

Aug 24, 2016 01:01 PM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Check with your broker.

Apr 13, 2016 02:23 PM
Ambassador
3,754,043
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Read your text book.

Apr 12, 2016 02:07 PM
Rainmaker
613,494
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Contrary to what most agents think...missing an initial does not make a contract invalid or postpone the effective date, (unless the contract specifically states that).

The intent is as important as the ink.

Eve

Apr 12, 2016 12:42 AM
Rainmaker
3,071,860
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

ask an attorney?

Apr 12, 2016 12:01 AM
Rainmaker
4,598,785
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It depends on your state contract.  

Apr 11, 2016 10:44 PM
Rainmaker
7,906,655
Roy Kelley
Retired - Gaithersburg, MD

Follow the rules for your state.

Apr 11, 2016 10:32 PM
Rainmaker
2,391,466
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Talk to your local real estate attorney

Apr 11, 2016 09:15 PM
Ambassador
2,684,960
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

You do not have a valid Contract.   See an Attorney.

Apr 11, 2016 02:51 PM
Ambassador
3,175,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

We call it "binding agreement date" in my state and nothing can be not signed, initialed or changed afterward unless by amending the contract.

Apr 11, 2016 01:06 PM
Rainmaker
4,203,783
John Pusa
Glendale, CA

This is very good helpful question.

Apr 11, 2016 10:20 AM
Ambassador
2,166,593
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

The effective date here is the date that the last of the parties have signed, initialed, and dated all changes. Any additional changes thereafter would best addressed on an addendum to contract. 

Apr 11, 2016 09:45 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

ditto to what sybil said....

Apr 11, 2016 09:28 AM
Rainmaker
1,157,791
FN LN
Toronto, ON

You should obtain legal counsel from a lawyer qualified in the jurisdiction that your question relates to.

Apr 11, 2016 06:54 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Technically the contract was not ratified, if there were missing initials or signatures on the original offer. Check with a real estate attorney for clarification.

Apr 11, 2016 05:38 AM
Rainmaker
1,713,076
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Ask your real estate teacher or consult your state real estate commission or contract law.

Apr 11, 2016 05:10 AM
Rainmaker
1,510,653
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Tough one.  I'm going with "check with your attorneys" since I've not been in this position before.

Apr 11, 2016 05:09 AM
Rainmaker
1,244,789
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

That depends on whether it impacts sales $, terms of contract. 

If it is an endorsement of a routine disclosures. Earth quake manual, water heater etc not impact lender.   I don't see why.....

Apr 11, 2016 04:48 AM
Rainmaker
2,790,645
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Original date or incept date prevails. Everything is tied into that. Any changes need initialing. When in doubt do intead of dont do

Apr 11, 2016 04:33 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I am unaware of the existence of ratified contracts in real estate.

We do deal with contracts and contract dates which is the effective date.

Because there may exist a great separation in understanding because we are NOT using a common Lexicon,you should refer to your broker or attorney for direction.

Apr 11, 2016 04:17 AM