Legal Issues

Realtor® mediation: Resolve conflicts and preserve relationships

February 2, 2012
By
stk153597rke

We all know that Realtors® must agree to arbitrate their complaints but PAR also provides another process that can help resolve conflicts and save relationships: mediation.
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Posted in Industry News, Legal Issues | 1 Comment »

Pennsylvania Superior Court weighs in on murder/suicide disclosure

January 19, 2012
By
Do not enter

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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Posted in Industry News, Legal Issues | 8 Comments »

Updated oil and gas form released

January 18, 2012
By
signing_form

PAR released the new Oil, Gas and Mineral Rights Disclosure and Addendum to Agreement of Sale on Monday Jan. 16, which replaced the previous Oil, Gas and Mineral Rights Addendum to Agreement of Sale.
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Posted in Legal Issues, Standard Forms | 5 Comments »

How to handle real estate transactions involving a power of attorney or an estate

January 12, 2012
By
Notary Document

When asked to list a property by an executor or other non-owner, your job is to obtain a copy of the correct documentation before taking any other action. You cannot operate on word alone.
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Posted in Industry News, Legal Issues | 2 Comments »

RESPA and the HUD-1: A New Chapter

January 5, 2012
By
Brett Woodburn, Esq.

The Department of Housing and Urban Development ("HUD") implemented new changes in RESPA, the Federal Reserve introduced a new Truth-in-Lending disclosure form and a new HUD-1 Settlement Sheet and Good Faith Estimate made its way into our transactions.
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Posted in Education, Legal Issues | 1 Comment »

Brokers, think you’re covered?

December 21, 2011
By
Insurance

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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Posted in Legal Issues | 3 Comments »

Protect clients from becoming victims of rental fraud

December 12, 2011
By
For Rent Sign

The residential rental market has seen a dramatic increase in the number of families deciding to rent rather than purchase their homes. This trend has also attracted scammers and con artists to commit rental fraud.
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Posted in Industry News, Legal Issues | 3 Comments »

Marcellus Shale: Is it a mineral or a gas?

November 30, 2011
By
Brett Woodburn, Esq.

Once upon a time, not so very long ago, there was a boom in the real estate market. While the overall real estate market has cooled, there is one facet of real estate that is still booming – gas. Or more specifically, the conveyance and leasing of gas and oil rights in...
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Posted in Legal Issues, Standard Forms | 5 Comments »

Real Estate Advertising Part I: Choose your words carefully

November 9, 2011
By
equal_housing_logo

Do you know if the words or descriptions in your advertisements violate fair housing laws?
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Posted in Legal Issues | 4 Comments »

Saturday, Feb. 4, 2012

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