Did the listing agent do the right thing by telling the seller that the buyer had not applied to the named lender?
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Did the listing agent do the right thing by telling the seller that the buyer had not applied to the named lender?
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On June 1, 2012, hundreds of Pennsylvania licensees will violate the Real Estate Licensing and Registration Act.
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In a rare move, the Pennsylvania Superior Court agreed to hear reargument of an appeal where the issue is whether a murder/suicide that takes place in the property is a “problem” that must be disclosed.
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For the first time, an appellate court in Pennsylvania has ruled that a murder/suicide may have to be disclosed on the seller disclosure form.
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Mistakes happen. So you buy errors and omissions (E&O) insurance to cap your exposure. Paying your deductible is far easier to swallow than the tens of thousands that you might otherwise pay for attorney and expert fees, and, heaven forbid, a judgment.
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To assert a commercial broker lien against a seller, the lien must be recorded before title transfers to the buyer. If asserted after the title transfers, the lien is only effective against the buyer who, if he/she has no legal obligation to pay the commission, may now have a claim of slander of title...
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In this example, the ASR was contingent on the outcome of a home inspection. The sellers had taken good care of their home, so they were shocked to receive a Reply to Inspections demanding multiple repairs.
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Realtor® A is about to enter a property into the MLS. The sellers, however, have a slight problem with Realtor® B, who happens to be one of their neighbors. Realtor® B was the listing agent at the time the sellers purchased the property and they believe she misrepresented certain conditions. They were vindicated when...
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Inspection reports, comparative market analyses, appraisals, studies, assessments, etc. are not good, bad nor indifferent. They are factual and need to be assessed carefully by the ultimate user, the buyer.
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Thursday, May. 17, 2012
