Housing Wire

MAY 10, 2024

Additionally, the board also voted to change Article 4’s first standard of practice, which currently reads: “For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by Realtors prior to the signing of any contract.” represent themselves 2. represent a member of their immediate family 3.

Realtors 394

Realtors Finance Agents Legal 394

Housing Wire

NOVEMBER 1, 2024

Referral agent: A referral agent is a real estate agent who refers clients to other agents in exchange for a referral fee. citizen or legal resident and be 18 years of age or older. This course covers real estate law, contracts, finance and ethics. Brokers are often legally liable for the actions of agents working under them.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. When reading contracts, words will always have their ordinary meaning unless defined otherwise. adjective.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

NOVEMBER 17, 2023

In the video cited, Blefari discusses commission negotiation with trainees, stating: “[W]hen homesellers saw that I had written a 6% commission into the contract, and would ask, ‘Gino, but aren’t commissions negotiable?’ I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 446

Training Realtors Agents Real Estate 446

Housing Wire

AUGUST 14, 2024

Saphire, who like Harvey only lists properties on the MLS, but also offers additional al a carte services such as contract review, transaction coordination and negotiation coaching for additional fees, has also adjusted how he is educating sellers on offering commissions to buy-side agents.

Agents 448

Agents Sellers Buyers Contracts 448

Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. I continue to refer to this as the best piece of advice I have ever received because it reflects two key values.

Modernization 396

Modernization Legal Contracts Mortgage 396

Lamacchia Realty

MAY 6, 2024

This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. Their job is to pay close attention to every detail to make sure the agreement i ncludes all the legal requirements. This search determines if the seller has the legal right to sell the property.

Real Estate 74

Real Estate Legal Law Contracts 74

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? What used to be infrequent is becoming more common; Sellers backing out of contracts. There are two options; recover the earnest money and move on, or sue the Seller for specific performance; make them close per the contract terms.

Sellers 52

Sellers Buyers Contracts Legal 52

Housing Wire

DECEMBER 26, 2023

Before you dive in, it’s important to know that in North Carolina, all beginning real estate agents are referred to as provisional brokers. And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. Primarily video with some light reading, activities & quizzes.

Real Estate 447

Real Estate Real Estate Agent Design Law 447

GoForrmz

FEBRUARY 20, 2024

Your data is secure with GoFormz In an era where data is often referred to as the new gold, businesses are becoming increasingly concerned about the safety and security of their sensitive information. For example, an HR representative can send a hiring contract to a new employee, who can then fill it out and complete it digitally.

Legal 78

Legal Law Contracts Business 78

Housing Wire

FEBRUARY 27, 2024

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. HomeServices of America, along with its Berkshire Hathaway subsidiary Long & Foster , filed motions to strike the class-action allegations in favor of arbitration.

Realty 447

Realty Real Estate Law Brokerage 447

Housing Wire

DECEMBER 20, 2023

I’m feeling the pressure to cut my pay, because when I do it, and my agent partners, they see that I do that, and then they’ll tell people they refer to me. It’s the ultimate in legalized fraud. Ciardelli says he asked about the bucket pricing game and attorneys all told him no, it’s not legal, he said. “I’ll

Loan Officers 482

Loan Officers Clients Law Legal 482

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?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Appraisal Buzz

APRIL 15, 2024

In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment.

Appraisal 397

Appraisal Design Lending Technology 397

Padove Appraisal Service

FEBRUARY 27, 2023

Be sure to ask for references and review their qualifications and credentials before hiring an appraiser. This letter is also referred to as an appraisal contract, or appraisal agreement. Many appraisers’ professional experiences are limited to mortgage appraisals.

Appraisal 145

Appraisal Real Estate Real Estate Agent Appraisal Process 145

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 345

Real Estate Brokerage Property Management Buyers 345

Housing Wire

DECEMBER 29, 2021

Caballero does not have to guide these corporate clients through the legal and administrative work — and emotional heft — of selling a home. HousingWire : Now, at the point of contract where an agent or consumer sees a home entered by HomesUSA, what happens next? But what you’re referring to would be a business to consumer business.

Realtors 410

Realtors Real Estate Agent Agents Real Estate 410

Housing Wire

OCTOBER 22, 2023

You’ll need to enroll in and complete the following TREC-approved, qualifying real estate courses: Principles of Real Estate I Principles of Real Estate II Law of Agency Law of Contracts Promulgated Contract Forms Real Estate Finance Each course is 30 classroom hours, for a total of 180 hours.

Real Estate 434

Real Estate Real Estate Agent Agents Brokerage 434

Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. What Real Estate Contract do I Use When Selling For Sale By Owner?

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

PennyMac

AUGUST 31, 2024

In real estate, "closing" refers to the final step in the home-buying process. During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. Mutual Acceptance of the Offer After negotiation, the buyer and seller agree on the final property price.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. Earnest money is sometimes referred to as a "good-faith" deposit. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. How Are Real Estate Appraisals Related to Estate Planning?

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Understand buyer motivations, be open to reasonable offers, and consider seeking legal advice for more complex negotiations. What is For Sale By Owner? Negotiation Skills: Brush up on your negotiation skills.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Sellers 36

The Robert Weiler Company

MARCH 29, 2023

Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Reduce legal concerns. Can you provide any references? Is there a fee for early termination of the property manager company contract? What is their pricing breakdown?

Property Management 78

Property Management Tenants Real Estate Investors 78

GoForrmz

JANUARY 17, 2023

This can include information like pictures, time and date stamps, and even additional spreadsheets or reference notes from client emails. When it comes to forms that require legally binding signatures, such as contracts or payment agreements, make sure that your form provider offers E-SIGN Act-compliant digital signature capture.

Business 146

Business Legal Clients Inventory 146

Appraisal Today

JULY 12, 2024

Definitely read this before doing STRs on a 1007, which an AMC or lender requests. == Key Considerations for Appraising Accessory Dwelling Units (ADUs) By Jo Traut Excerpts: Appraising ADUs requires a nuanced understanding of market characteristics, legal frameworks, and property specifics. percent from 7.03 percent from 7.11 percent from 6.90

Appraisal 69

Appraisal Design Contracts Business 69

Eppraisal

JANUARY 23, 2024

    Exploitive Lending and Mortgage Relief There have been 35 mortgage relief scams filed by the Federal Trade Commission in recent years, in which scammers promise to negotiate your rate with mortgage lenders, audit loan paperwork or provide legal services for a fee. Some pretend to be with the government.  Other

Legal 36

Legal Real Estate Agent Lending Real Estate 36

Appraisal Today

AUGUST 23, 2024

Attorneys order reviews to support legal matters involving property valuation, including disputes and condemnation cases. This book is very useful for all residential appraisers, especially those who work for lenders, with many references to Fannie guidelines, USPAP, etc. The average contract interest rate for 5/1 ARMs increased to 6.25

Appraisal 69

Appraisal Contracts Investors Property Appraisal 69

Eppraisal

DECEMBER 23, 2022

If a buyer calls you directly or knocks on your door, refer them to your listing agent. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

McKissock

DECEMBER 24, 2021

Your written review report will likely be a reference point for the attorney(s) during cross-examination, and the scope of work might involve a deposition or court testimony. Failure to comply with these regulations can legally impact the reviewer and the client, sometimes resulting in hefty fines.

Clients 73

Clients Appraisal Government Law 73

The Robert Weiler Company

APRIL 20, 2021

The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value. Sometimes referred to as Seller’s Discretionary Earnings, or SDE, this number is principally used to show your business’s earning potential with a new owner. Refer to your business plan.

Valuation 147

Valuation Business Buyers Market Value 147

Appraisal Today

NOVEMBER 4, 2022

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. Overpriced listings may not accurately reflect the broader market, making it difficult for appraisers to justify the contract price.

Real Estate Agent 92

Real Estate Agent Real Estate Clients Agents 92

Empire Appraisal Group

OCTOBER 17, 2024

It could also damage your home’s resale value, void your homeowner’s insurance, or even lead to potential legal trouble. Not properly disposing of debris Neglecting proper debris disposal during a DIY project can have financial, environmental, and even legal consequences.

Renovations 78

Renovations Inspection Tools Insurance 78

San Jose Real Estate

SEPTEMBER 23, 2024

This refers to anything that the seller gives or grants to the buyer. What is a seller concession? Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so. Concessions are a normal part of negotiation.

Sellers 36

Sellers Counter Offer Buyers HOA 36

Appraisal Today

JUNE 14, 2024

Factory-built house is a term that refers generally to a number of house types that are constructed or fabricated, at least in part, off site. What if there is a contract which stipulates that the buyer will pay the title fee, but that the seller will contribute an amount equal to the title fee as a seller concession? percent from 0.3

Appraisal 74

Appraisal Contracts Sellers Insurance 74

Zillow

JULY 1, 2019

The term "agency" refers to the relationship that you, as a buyer or seller, have with your real estate agent. In states where dual agencies are legal, however, the law requires that a dual real estate agent inform both the buyer and seller of a dual real estate agency. What is a dual real estate agency?

Real Estate Agent 37

Real Estate Agent Real Estate Sellers Agents 37