When asked to list a property by an executor or other non-owner, your job is to obtain a copy of the correct documentation before taking any other action. You cannot operate on word alone.
Read more »
 |
 |
 |
 |
 |
When asked to list a property by an executor or other non-owner, your job is to obtain a copy of the correct documentation before taking any other action. You cannot operate on word alone.
Read more »
PAR has been working with legislators and the Department of Banking to introduce legislation that would restore seller financing to its original intent.
Read more »
Under the Real Estate Seller Disclosure Law, the listing broker is required to provide the seller with the disclosure form and advise him of his responsibility to disclose all known material defects.
Read more »
Legal Hotline callers want to know whether licensees have a duty to determine the presence of Megan’s Law registrants and whether the answer changes depending on the status of the licensee as a buyer’s or seller’s agent.
Read more »
Fees paid to brokers/REALTORS® for “marketing” home warranties to sellers or buyers are illegal kickbacks or referrals and are prohibited under the Real Estate Settlement Procedures Act (RESPA), according to an announcement last week from the U.S. Department of Housing and Urban Development (HUD). The ruling took effect immediately.
Read more »
A recent Hotline caller asked whether her clients, who are selling their condominium, can give the buyers the home owners’ association documents in their possession (which did not include the Resale Certificate) instead of requesting the documents from the association.
Read more »
Brokers of record have a wide range of responsibilities, some of the most serious of which involve escrowed money. Regardless of how it is described – hand money, good faith money, down money – it is money belonging to another. The Rules and Regulations interpreting the broker’s responsibility are fairly strict, fairly broad and...
Read more »
The PAR Hotline fielded an interesting call last week regarding disclosures, inspections and the Agreement of Sale. The buyers’ agent received a counteroffer, signed by the sellers, that made one seemingly small change to the offer – the sellers added the words “As Is” in the Special Clauses paragraph of the Agreement of Sale.
Read more »
Thursday, May. 17, 2012
