Author Archive

Common practice may result in fines against broker

October 31, 2011
By
Lease Agreement

Broker X was listing a property for rent. His agreement with the owner stated that the fee for successfully obtaining a tenant would be an amount equal to one month’s rent. A tenant was procured and at the signing of the lease Broker X told the tenant to write two checks –...
Read more »

Tags: ,
Posted in Legal Issues | 5 Comments »

Real estate tax myth debunked

October 26, 2011
By
AA035944

Since the passage of the Affordable Care Act in March 2010, individuals and groups on all sides of the healthcare issue have been responding to various provisions included in the new law and regulations. Unfortunately, not all of the claims about the law have been accurate, making it difficult for those who really want...
Read more »

Tags: , , ,
Posted in Legal Issues | 8 Comments »

Seller’s disclosure applies to past flooding too

October 5, 2011
By
house_inside_flood

The Real Estate Seller Disclosure Law requires that sellers inform buyers when the disclosures are “rendered inaccurate prior to final settlement as a result of any act, occurrence or agreement.” If a home was flooded or otherwise damaged after sellers originally filled out their disclosure form, they need to go back and amend the...
Read more »

Tags: , , ,
Posted in Legal Issues, Standard Forms | 5 Comments »

Flood-damaged properties may create transaction issues

September 29, 2011
By
78469047

What do you do if you’re involved in a transaction with a home that was just flooded? If you’re working with a seller or buyer in a transaction involving a flood-damaged property, a thorough knowledge of the PAR Agreement of Sale will help you to properly represent your client.
Read more »

Tags: , , ,
Posted in Association News, Legal Issues | 1 Comment »

New rules could affect business practices of many Realtors®

August 26, 2011
By
Recordkeeping

Along with forbidding misrepresentations by a broad group of entities, including real estate agents and brokers, the rules also impose a new recordkeeping requirement that could affect the daily business practices of many Realtors®.
Read more »

Tags: , , , ,
Posted in Industry News, Legal Issues | 3 Comments »

Who owns that photo?

August 17, 2011
By
taking photo

When you take a picture you automatically have a copyright for the picture. That copyright covers a “bundle” of rights that you can control. You can give away some of the rights, sell some of the rights or just keep them all to yourself. If you’ve ever used a photograph with a Creative...
Read more »

Tags: , , , , ,
Posted in Industry News, Legal Issues | 6 Comments »

Changes require community fees disclosure in manufactured home sales

July 28, 2011
By
OLYMPUS DIGITAL CAMERA

Recent changes to the Manufactured Home Community Rights Act affect Realtors® and transactions involving manufactured homes (also known as mobile homes).
Read more »

Tags: , ,
Posted in Industry News, Legal Issues | 2 Comments »

Recommend buyers check PA Megan’s Law registry

July 21, 2011
By
Law and Order

A recent decision by the Pennsylvania Supreme Court has basically invalidated local ordinances that restrict where sex offenders can live throughout the state.
Read more »

Tags: , , ,
Posted in Industry News, Legal Issues | 4 Comments »

FTC changes MARS rules enforcement

July 15, 2011
By
FTC_Logo

The Federal Trade Commission (FTC) today announced a new policy which suspends enforcement of virtually all the Mortgage Assistance Relief Services (MARS) rules against real estate licensees involved in short sales.
Read more »

Tags: , , , ,
Posted in Legal Issues, Standard Forms | 2 Comments »

Thursday, Feb. 9, 2012

PAR PAR

Advertisement