In the sale and purchase of houses, the effect of the yin-yang contract, as a special form of contract, has attracted much attention. A yin-yang contract usually refers to a house transaction in which the buyer and seller sign two contracts, one of which is lower for filing tax returns to the tax authorities and the other is higher for loans or other purposes. This form of contract raises a series of legal issues, involving discussions on the validity of the contract, legal liability, etc. For intermediaries, their role in this process is also highly debated. In this article, we will take a look at the validity of the yin-yang contract and the responsibilities that the agent may assume in the purchase and sale of a house.
The legal validity of yin-yang contracts is a highly controversial issue in current real estate transactions. On the one hand, some people believe that the yin-yang contract is an illegal means and an evasion of the tax system, which should be punished by law. On the other hand, there are also those who argue that yin-yang contracts are legal and valid within a certain scope, because the law does not explicitly prohibit them. In practice, yin-yang contracts often encounter doubts about the validity of the contract, especially when disputes arise between the parties to the transaction. Therefore, it is important for home buyers and sellers to be cautious and understand the relevant laws and regulations when signing a yin-yang contract to avoid getting into legal disputes in the future.
For intermediaries, their responsibilities in the purchase and sale of houses are also a matter of great concern. Intermediaries play a role in guiding, coordinating and facilitating real estate transactions, so their responsibilities cannot be ignored. In transactions involving yin-yang contracts, intermediaries often need to verify the authenticity of the contract to ensure the legitimacy of the transaction. If an intermediary is involved in a false contract in the course of the transaction, it may face legal liability. In addition, the agent also needs to fulfill the obligation to provide sufficient information to the buyer and the seller, to ensure that both parties understand all aspects of the transaction, and to avoid potential disputes caused by information asymmetry.
When elaborating on the responsibilities of intermediaries, it is also necessary to take into account the professionalism and intermediary position of intermediaries in the purchase and sale of real estate. Intermediaries usually have extensive industry knowledge and experience and are able to provide professional advice and advice to both parties to the transaction. However, if the intermediary deliberately or negligently omits the existence of the yin-yang contract in the transaction, or fails to fully disclose the relevant information to the buyer, it may face accusations of illegal practice and even bear certain liability for compensation.
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