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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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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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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Because the buyer had not signed the amended agreement of sale, could the seller rescind his signed counteroffer and then sell to a second buyer?
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The span between the seller’s rejection of buyer’s corrective proposal and buyer’s election to terminate the Agreement is always two days and is never extended by virtue of an early response from seller. Hence, we can never say that, the process invariably takes 17 days to complete.
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With propane bills often exceeding $1,000, it’s understandable that the seller may want to recoup part of their expense. Whether the seller will seek to modify this provision of the offer depends on a number of factors, including the amount offered, length of time on market, the quantity of fuel remaining in the tank...
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I’m currently defending a broker and her salesperson in a failure-to-disclose lawsuit. My client -- a buyers’ agent -- has been accused of failing to tell her clients that mold is not an unusual environmental condition and that they have a right to test for its presence.
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Legal Hotline callers want to know whether licensees have a duty to determine the presence of Megan’s Law registrants and whether the answer changes depending on the status of the licensee as a buyer’s or seller’s agent.
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PAR staff has recently seen an increase in the number of questions regarding the handling of deposit monies. Let’s look at some of the common myths about deposits and set them straight.
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Electronic vendors have started to post the e-forms and all vendors are expected to have the new form online by March 1. The previous ASR is still acceptable to use for transactions.
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Tuesday, Feb. 7, 2012
