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Realtors® don’t need to become experts on every drill site and every gas producer, nor do you need to memorize every component of the law, but you need to understand what information is available to consumers, and how to help your client get or give the right information.
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Marcellus Shale legislation, recently signed by Gov. Tom Corbett, created fees to be paid by gas producers and made substantial strides towards closer regulation of these new drilling activities.
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The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) is a somewhat obscure law affecting certain real estate transactions. Many practitioners wrongly believe it only affects commercial transactions but depending on your local market, residential transactions could be covered as well.
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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 –...
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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...
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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...
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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.
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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®.
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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...
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Thursday, May. 17, 2012
