Author Archive

Knowledge of defect must always be disclosed

July 7, 2011
By
divorced couple

Many of you know that there are certain circumstances under which a seller is not required to complete a Seller’s Property Disclosure Statement. Do you know where those exceptions are listed?
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Posted in Legal Issues | 4 Comments »

Best of the Hotline: The missing owner

May 26, 2011
By
Best of the Hotline: The missing owner

Anytime that you are approached about listing a jointly owned property, it is imperative that you ensure that all co-owners sign the listing agreement and any sales agreement.
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Posted in Industry News, Legal Issues | 1 Comment »

Sellers demanding fuel costs at closing

September 23, 2010
By
Sellers demanding fuel costs at closing

With propane bills often exceeding $1,000, it’s understandable that the seller may want to recoup part of their expense. Whether the seller will seek to modify this provision of the offer depends on a number of factors, including the amount offered, length of time on market, the quantity of fuel remaining in the tank...
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Posted in Legal Issues | 3 Comments »

Buyer default: Who gets the deposit?

June 10, 2010
By
Buyer default: Who gets the deposit?

A buyer’s broker recently called the Hotline and asked whether she was entitled to an equal split of the buyer’s deposit that was forfeited to the seller after the buyer breached.
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Posted in Legal Issues | 1 Comment »

Delay of game? Counting days…

April 6, 2009
By

Time is of the essence, so you need to pay attention to when the days for performing inspections begin. When does the clock start??
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Posted in Legal Issues | No Comments »

See no evil, hear no evil

March 30, 2009
By

Some listing agents want to avoid the buyer's home inspection report at all costs. But does the "ostrich approach" really benefit the seller?
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Posted in Legal Issues | 1 Comment »

Thursday, Feb. 9, 2012

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