Final answer:
The broker should check the sales agreement to see if early possession is allowed and under what conditions, perhaps establishing a temporary leasing agreement or utilizing an escrow account for payments. Issues preventing possession would be addressed according to the terms of the agreement.
Step-by-step explanation:
If a man is buying a residence and has signed a valid agreement for sale but wishes to move into the property before the sale closes, the broker should consult the agreement to see if such an arrangement is allowed. Furthermore, the broker can negotiate a possession agreement between the current owner and the buyer. This would detail the conditions under which the buyer could move in early, including any additional costs or temporary leasing arrangements.
Additionally, the concept of Escrow may be relevant here. The broker might facilitate the establishment of an escrow account to handle payment for early possession if it's part of the deal. The escrow could then ensure that the homeowner's insurance and property taxes, typically handled upon closing, can still be managed efficiently. However, if the possession is not possible due to unforeseen circumstances such as destruction of the property or failure of prior residents to vacate, the contract may allow either party to terminate the agreement with a full refund of any payments made.