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A recent Hotline caller asked whether her clients, who are selling their condominium, can give the buyers the home owners’ association documents in their possession (which did not include the Resale Certificate) instead of requesting the documents from the association.
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Brokers of record have a wide range of responsibilities, some of the most serious of which involve escrowed money. Regardless of how it is described – hand money, good faith money, down money – it is money belonging to another. The Rules and Regulations interpreting the broker’s responsibility are fairly strict, fairly broad and...
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The PAR Hotline fielded an interesting call last week regarding disclosures, inspections and the Agreement of Sale. The buyers’ agent received a counteroffer, signed by the sellers, that made one seemingly small change to the offer – the sellers added the words “As Is” in the Special Clauses paragraph of the Agreement of Sale.
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Tuesday, Feb. 7, 2012
