Housing Wire

MARCH 28, 2024

The class encompasses home sellers across 20 local MLSs. HomeServices still has a motion for a new trial and a motion for judgment as a matter of law before the court. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. billion — or $41.1

Real Estate Agent 379

Real Estate Agent Realtors Real Estate Sellers 379

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land.

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Contracts Tenants Legal Sellers 143

Housing Wire

MARCH 19, 2024

Damages from an anti-trust verdict are trebled as a matter of law and the motion filed by the plaintiffs yesterday, while premature was expected,” Chris Kelly, an executive vice president at HomeServices, wrote in an email. HomeServices continues to aggressively pursue all options to resolve our involvement in the outstanding litigation.”

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Sellers Realtors Law Contracts 363

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

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Realty Real Estate Law Brokerage 396

Housing Wire

MAY 21, 2024

While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller. Get input from a qualified attorney Seek legal advice, especially when dealing with contractual matters.

Real Estate Agent 368

Real Estate Agent Real Estate Inspection Tools 368

Lamacchia Realty

MAY 6, 2024

When you hire a real estate attorney, you’re getting someone who is licensed to practice law with industry specific experience. Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. What does a Real Estate Attorney do?

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Real Estate Legal Law Contracts 67

Housing Wire

APRIL 5, 2024

The HomeServices filing also notes that the law requires the plaintiffs to “demonstrate a danger of hardship if its request is not granted,” which HomeServices says they failed to do. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

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Brokerage Sellers Law Contracts 397

Housing Wire

OCTOBER 20, 2023

In their cross examination, attorneys for the defendants established that Ellis had knowingly signed a contract to pay a certain commission and that she knew the commission would be shared with whoever the buyer’s agent was. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing.

Contracts 400

Contracts Agents Buyers Real Estate 400

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Contracts Appraisal Market Value Real Estate 64

Listing Spark

OCTOBER 25, 2023

Selling your home can be an exciting and stressful time, especially when you choose to do it as a For Sale By Owner (FSBO) seller. While it may seem like the best approach to save money by avoiding commission fees, it’s essential to be aware of some of the pitfalls that FSBO sellers face when selling their home.

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Sellers Legal Real Estate Real Estate Agent 36

Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. I think listing agents are going to win.

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Buyers Agents Loan Officers Real Estate 392

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

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Buyers Sellers Finance Contracts 377

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

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Real Estate Agent Real Estate Realtors Contracts 133

Cleveland Appraisal Blog

AUGUST 11, 2022

The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. In some cases, any attempt to avoid disclosing the problems your home has might result in legal action on the buyer’s part.

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Renovations Buyers Appraisal Investing 221

Raleigh Realty

MARCH 31, 2021

Different states have different laws as it surrounds contingencies so you'll want to speak with your Realtor about the current local rules for contingent homes. Contingencies are conditions that either the buyer or seller (or both) must meet for the sale to go through. The seller does not have the ability to accept another offer.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Listing Spark

OCTOBER 9, 2023

In this blog post, we’ll explore the typical experience of a For Sale By Owner seller and provide insights into what you can expect when listing your property. By eliminating these costs, sellers can potentially save thousands of dollars. Buyers appreciate proactive and attentive sellers. What is For Sale By Owner?

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Real Estate Agent Legal Real Estate Agents 36

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 411

Realtors Contracts Real Estate Agents 411

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. As such, investors must verify the seller, financials, and property obligations (i.e., retirement accounts) can be included as fair game in a lawsuit.

Investing 138

Investing Real Estate Tenants Investors 138

Will Springer Realtor

MARCH 1, 2022

Sellers generally receive multiple offers, with at least a few without a home inspection contingency. Assuming the seller has not shared an inspection report , here are four options for buyers to consider: Request a pre-offer inspection. Seller disclosure must be truthful and transparent.

Inspection 36

Inspection Buyers Sellers Real Estate 36

McKissock

SEPTEMBER 20, 2021

Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.”

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Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

OCTOBER 9, 2023

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.”

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Real Estate Agent Real Estate Agents Brokerage 403

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 478

Real Estate Law Inspection Agents 478

Will Springer Realtor

JANUARY 3, 2023

The laws forbade the very people whose ancestors had occupied the land for thousands of years from enjoying the benefits of living freely within a growing community. Supreme Court decision ruled the covenants as enforceable contracts. The thinking then was that, by including the language white owners could protect property values.

Real Estate 36

Real Estate Technology Investing Legal 36

Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers.

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 406

Real Estate Insurance Law Real Estate Agent 406

GoForrmz

DECEMBER 5, 2022

The Electronic Signatures in Global and National Commerce Act, (E-Sign Act), was signed into law on June 30, 2000 , but it took until 2007 for the Federal Reserve Board to finalize and adopt the detailed rules and standards of legally binding, electronic signatures. Why Haven’t E-Sign Laws Been Updated? What Is The E-SIGN Act?

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Business Legal Law Contracts 78

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

CA Realty Training

JULY 19, 2021

Once a client signs a contract with you, a fiduciary relationship is formed. . On the other hand, if you are representing a seller then you must do everything in your power to sell the property. One fiduciary duty of a real estate agent is to adhere to the lawful requests of their clients. What does fiduciary mean?

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Real Estate Agent Real Estate Agents Clients 53

Portland Appraisal Blog

APRIL 14, 2019

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. The buyer loves the home and both buyer and seller feel the price is fair. Which is a legal no-no.).

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

The Robert Weiler Company

SEPTEMBER 19, 2022

A simple conservation easement definition is a legal contract to protect private land, permanently. A contract between the landowner and the buyer is legally binding. A land trust is a legal entity that assumes ownership of purchased property. The entity controls the land according to the terms of the contract.

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Easement Legal Government Contracts 148

Appraisal Today

APRIL 14, 2023

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.29

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Appraisal Bracketing Contracts Valuation 52

Appraisal Today

JUNE 3, 2022

Sellers, it’s time to listen. Sellers could sell and relocate to an area with much lower home prices, which a friend of mine recently did. Ripeness is a legal term I learned from an Environmental Law course which means, a time to act after other remedies have been exhausted, although it is used in many different contexts.

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Appraisal Contracts Real Estate Marketing 52

PennyMac

APRIL 2, 2020

By law, you’re entitled to one free credit check per year , per reporting agency, so obtaining your current score should be the first step in the home buying process. Plus, some sellers will only consider offers from buyers who are pre-approved, so it’s best to set yourself up for success with this easy move.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Housing Wire

NOVEMBER 30, 2023

Post-license CE $209 20-Hour Post-Licensing Course: Covers Current Laws, Steps to Business Success & Fiduciary Duties. Real Estate Law Online: All features of in-person class, offered online using an online course delivery & management system. Athens Campus location. Meeting times will be arranged by the instructor.

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Real Estate Real Estate Agent Law Inspection 404

The Robert Weiler Company

OCTOBER 21, 2022

Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. The commercial real estate appraiser must consider everything that could affect a property’s value; some factors include property conditions, neighborhood, economy, market conditions, legal factors, and even the political climate.

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Real Estate Appraisal Property Appraisal Valuation 60

Hank Miller Team

JANUARY 16, 2023

Some agents cover all costs up front, some have sellers pay and agents reimburse them at close, others have all marketing covered by the seller. READ the contract and look for stipulations inserted by the agent. Sect C, item 8a touches on events considered seller default. The agent is interested in a double commission.

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Real Estate Agent Real Estate Agents Sellers 98