PART TWO
Who, if anyone, should attend home inspections has been a topic of debate for as long as home inspections have been a standard element in a residential transaction.
Industry News
Untimely Repairs
PART ONE
It happens. Sellers agree to make repairs suggested by a home inspection, but fail to complete the job timely.
Untangling Joint Ownership of Real Estate
It is not uncommon in the farm community for real estate to be owned jointly by two or more owners. Many times, parents will transfer their real estate to more than one child as part of their estate and farm succession plan. Joint ownership of real estate often presents unique problems for the joint owners.
What if?
These two words are the start of many questions by those who draft contracts, including agreements for the sale of real estate.
Are Emotional Support Animals Permitted in a “No Pets Allowed” Property?
It can be a familiar prohibition in condominium complexes and rental properties: NO PETS ALLOWED. Does that include an emotional support animal? The federal Fair Housing Act enlarges the definition of assistance animal to include “emotional support animals,” which it considers to be a reasonable accommodation.
Deposits – Too Little, Too Late
To state that the typical deposit is too low an amount and that it is paid later than should be is not an overstatement. The purchase deposit, which is referred to as “initial deposit” in the Agreement of Sale, is paid within five days of execution.
Mediation Regarding Residential Agreements of Sale – Is it Binding?
The standard residential agreements of sale mandate that buyers and sellers “will submit all disputes” arising from those agreements to mediation.
Working Outside of the Box
Brokers Need to be Aware of Potential Risk When Real Estate Salespeople Have Second Jobs Real estate salespersons often have second jobs. Should a broker care? All in unison: "it depends." Issues relating to profitability and productivity of a salesperson aside, a...
Working Inside the Box – Establishing the Box
Real Estate Sales People Need to Understand Their Broker Agreement What is your agreement with your broker? A recurring question to the Hotline is "what is my broker's obligation to pay me when I have pending transactions at the time I affiliate with a new broker?"...
How Can an Organization Manage the Risk of a Cyberattack?
The threat of a cyberattack is the sort of thing that keeps business owners up at night. Having an appropriate plan in place is critical to managing an organization's response to a cyberattack. An organization will want to both manage risk before a security incident...
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