A New York court denied a broker suing a seller for commission from a deal because the broker was working as an undisclosed dual agent. SCR310 page 8 is how REALTORS® can disclose their agency or non-agency position(s) in the transaction. SCR310 page 8 is how the clients and or customers in a transaction can… Continue Reading Another Reason to Fill Out Page 8 of SCR310, Get Paid
Want to learn what is happening in courts across the USA regarding real estate? Read NAR legal summaries here: https://www.nar.realtor/legal-case-summaries Posted by : Byron King on 10/30/18 (This information is only accurate as of 10/30/18. You must contact SCR for updates and changes to this information after 10/30/18 as laws and regulations may change over… Continue Reading USA Real Estate Cases Summarized
Do you ever get frustrated because attempts at working with others seem to get bogged down with the same issues? Whether you’re taking part in contentious negotiations in a real estate deal, trying to merge two different brokerages, or working on bringing disparate groups together in a committee or association context, it’s important to learn… Continue Reading Coming Together to Form a Diverse Whole
If a buyer wants a roof inspection, recommend the buyer hire a roofing expert inspector and do not give the buyer a ladder to climb high to look at the roof because if the buyer falls and gets injured, the buyer's attorney might sue you. https://www.nar.realtor/legal-case-summaries/broker-not-liable-for-injuries-0 Broker Not Liable for Injuries October 24, 2018 Being… Continue Reading NAR Article on Buyer Injured at Illinois Property, Sues Listing Brokerage
By Melissa Dittmann Tracey, REALTOR® Magazine Love it or hate it, faux fur furniture is having a big moment in home design, and you’ll spot it creeping up in a lot more interiors lately. The faux fur trend started off as sheepskin throws over the sofa or as a fluffy accent pillow. But now that… Continue Reading Why Is This Hairy Chair Popping Up Everywhere?
By Brandon Doyle As the old adage says, it takes a village to raise a child. Why should running your real estate business be any different? When in a leadership role, such as broker-owner or team leader, it can be easy to feel like the weight of the company is resting on your shoulders and… Continue Reading How Delegating Can Take Your Business to the Next Level
NAR released a summary of pending home sales data showing that September’s pending home sales pace was up 0.5 percent last month but fell 1.0 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data… Continue Reading September 2018 Pending Home Sales
SCR310 contract's Section 8 allows all sorts of inspections during the inspection period (e.g. home inspector, elevator inspector, pool inspector, hvac inspector, surveyor, engineer, contractor, roof expert, chimney sweep, electrician, plumber, well expert, septic expert, tree expert, soil expert, air quality inspector, asbestos expert, mold expert, radon expert, sprinkler expert, lawn expert, foundation expert, driveway… Continue Reading Access to Listed Property During Contract
Candy corn, a very old sword, where to charge your electric car, a vanishing island and much more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. Would wearing blinders aid concentration in an open office? Nope. Remove these items from your desk, pronto. Everything you want to know about candy corn. liz west/flickr/2006 Is your… Continue Reading What We’re Reading–October 22-26
Here is a 1999 NAR article and the case law that illustrates the high risk for an associated licensee or BIC to buy a brokerage listing...or for associated licensee or BIC to sell to a brokerage buyer client....or engage in leasing with similar parties. To proceed, you need lawyer drafted formal agreements for self-dealing that… Continue Reading Self Dealing, Darby v. Furman, High Risk for Brokerages