It WAS the listing agent.Are you represented or are you dealing directly with the listing agent?
there is your answer.. shady ass listing AgentContract stated that even if the Title search found out someone else owned the
mineral rights I was still obligated to the purchase.
Do NOT trust the realtor. I'm reminded of their incompetence every day when it comes to legal liability, easements, and other common land ownership related items. No offense to any realtors here if you actually know about this stuff.
If you're serious about buying it, I would make an offer contingent upon a few items and leave yourself some room to back out. I've never dealt with mineral rights specifically but I imagine that would be in the title work.
Agree. If it's too good to be true, well, then....do tons of research BEFORE any land purchase, which will end up being on your dime but well worth it. The reason they "don't know" is that they don't want to disclose anything that may devalue the land....you may actually find out there are some issues, but something you can live with, but give you leverage in negotiations...but yes, be waryRealtors say they are unaware of a lot of things, and buyer should do their own research. Keeps them from getting sued and less work to do.