You are wise to consult with a lawyer regarding this transaction. Before you submit anything in writing, particularly if it is prepared by a broker, you should understand: what commitment you are making to the seller if he accepts your offer; each and every term of the transaction; and, as you correctly point out, what commitment you are making to the broker himself. A experienced Maryland business attorney can assist. I would be pleased to answer any more questions you might have if you would like to call me.
Good luck,
Sean Morris
The Morris Law Firm, LLC301.654.6570
Answered on Sep 30th, 2013 at 2:19 PM