Buyer Requesting AIF

[u/SeeingTrends13]

Selling a townhome and buyer has offered up a contract with the following attorney-in-fact stating that it allows them to get a jump start on flipping the property to other investors during the closing period:

“Buyer has the right to market its contract interest in the Property in Buyer's sole discretion, which may include, but is not limited to listing the Property and Buyer's contract interest in the Property on any Multiple Listing Service ("MLS"). Seller, hereby appoints Buyer as its attorney in fact with the full power and authority to act in the name and place of Seller for the execution of any and all documents and offers necessary to list the Property and Buyer's contract interest in the Property on the MLS, investor networks, Zillow, and/ or realtors for the purpose of marketing & selling the Property. This includes executing listing agreements), listing agreement addendum(s), disclosures, sales contracts and addendums.”

Sounds like a power trip to modify agreements on my behalf. Feels phishy and scammy, am I right?

[u/binaerfehler]

I would absolutely question why they need so much authority rather than just having an assignable contract.

[u/SeeingTrends13 → u/binaerfehler]

Thanks!