Author Archive

Settlement, but no keys or deed?

March 2, 2009
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Members are telling me that now more than ever before, settlements are being conducted by out-of-town title companies. There are also more banks and lending institutions selling residential real estate than ever before. This combination has led to some unusual settlements.
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Seller agent – dual agent? Agency hot potato!

February 16, 2009
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In a recent article, I offered my opinion that a listing agent can better avoid liability by avoiding dual agency. I heard from a number of you that disagree with my approach. I have heard these arguments, but continue to hold onto my original opinion.
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When a transaction is derailed, what happens to the deposit?

January 26, 2009
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Rule 35.321 of the Real Estate Commission provides that deposit money must be maintained in an escrow account until settlement or "a termination that does not involve a dispute."
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Taking a look back

January 19, 2009
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Not too long ago REALTORS® enjoyed an extended period of professional growth and prosperity. Money was freely available and nearly everyone “qualified” for a mortgage loan.
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Switching brokers and taking sellers

December 22, 2008
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The salesperson seeking to move his license to a different broker “plans”. In the opinion of the broker, he “plots”. Either way, the move is timed to enable the salesperson to reap the reward of past effort, if not more. It can also be a time of accusation and recrimination. Out of this...
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SFI – Financially qualifying the seller

December 8, 2008
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OK, PAR does not have a Seller Financial Information form similar to the familiar BFI, but…should we? At a time when so many sellers are “short” or “upside-down” aren’t there compelling reasons for listing and selling agents to qualify sellers at the threshold of a potential listing or transaction?
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