Structural pest control reports and repairs
Learn how to manage a Structural Pest Control (SPC) report provider in real estate transactions and advise sellers and buyers on the disclosure of structural pests in the SPC report.
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Tag: buyers and sellers
Property disclosures: buyer retains a home inspector
Learn how a buyer agent uses a home inspection report (HIR) to confirm the condition of a property as disclosed by a seller or seller agent and advises their buyer on remedies for material defects in the property noted in an HIR but not disclosed prior to the seller entering into a purchase agreement.
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The home inspection report: to disclose and shield
Learn how to use a home inspection report (HIR) to mitigate liability risks for misrepresentation in the preparation of a seller’s Transfer Disclosure Statement (TDS), exercise care in the section of a qualified home inspector and use an energy efficiency audit report by a certified home energy rater to market property.
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The seller agent and the prospective buyer
Learn the difference between a broker’s specific agency duty owed only to their client and the limited general duty they owe to others in a transaction and how to observe and disclose conditions adversely affecting value and qualify statements when they are opinions, not facts.
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The breaching buyer’s responsibilities
Learn to determine when a buyer’s breach of a purchase agreement and escrow instructions entitles a seller to recover monetary losses and intelligently discuss a seller’s recovery of losses on a resale following their buyer’s breach of a purchase agreement.
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The exclusive employment obligations of a broker
Learn the obligations of a seller and their broker under an exclusive seller representation agreement and whether a buyer is ready, willing and able to buy when submitting an offer to purchase.
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Lessons from the Field: Incomplete TDS
An agent, retained by a seller of property, has a duty to have the seller-client enter their truthful responses to property conditions itemized on a Transfer Disclosure Statement (TDS).
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Form-of-the-Week: Seller’s Net Sheet, and Buyer’s Cost Sheet — Forms 310 and 311
Demonstrate to your buyer and seller clients how broker fees are paid in RPI Forms 310 and 311.
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May a buyer record a second lis pendens on a property after the original lis pendens has been expunged?
De Martini v. Superior Court Facts: A buyer and seller enter into a purchase agreement for...
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Form-of-the-Week: All-Inclusive Trust Deed (AITD), AITD Addendum with Equity Payoff and AITD Addendum with Full Payoff – Forms 421, 442 and 443
Using an AITD, a seller carries back a note which includes the principal remaining on an existing mortgage and may demand different types of payoffs with the addenda.
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As mortgage interest rates rise, concessions return
Buyers looking to recoup lost purchasing power are dusting off old strategies to secure a more comfortable monthly mortgage payment.
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Form-of-the-Week: Occupancy Agreements — Interim and Holdover — Forms 271 and 272
Buyers and sellers use RPI Forms 271 and 272 to occupy property as tenants until a replacement residence is secured.
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What a cooling market means for both sides of real estate transactions
The real estate market’s pivot from soaring prices to plunging prices will affect buyers, sellers, lenders and support services in different ways.
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POLL: What direction do you believe home prices will take by end of the year 2022?
This week’s poll inquires about home prices. Where do you think home prices will end up in 2022?
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Gen Z coming into housing market at historically worst time to buy
Generation Z, or Zoomers, are zooming into the real estate market, but what do these historical prices mean for first-timers?
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POLL: How often are your buyers’ mortgage applications facing denials compared to last year?
This weeks poll inquires about mortgage applications in comparison to the year prior.
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POLL: Do your buyers inquire about the quality of internet services when considering specific homes or neighborhoods?
This week’s poll inquires about internet services when looking for a house to buy.
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POLL: Do you sense a rise in the percentage of all-cash buyers during 2022?
Do you sense a rise in the percentage of all-cash buyers during 2022? There will be an increase in...
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POLL: Who are the majority of the all-cash buyers in your market?
Who are the majority of the all-cash buyers in your market? Foreign investors. (45%, 44 Votes)...
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Survey says: 2021 is a seller’s market
Consumer sentiments on buying in the current housing market are at a new low.
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