The liquidated damages provision and the breaching buyer’s deposit when prices decline
Agents need to be aware of the maximum dollar amount the seller is entitled to receive upon a buyer’s breach – especially when home prices are falling.
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Tag: Good faith deposit
DRE Hot Seat: Broker conceals their own non-licensed escrow service while commingling trust funds
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who commingled their client’s funds with their personal account and used themselves, operating under an unapproved fictitious business name, as the escrow service without informing the client.
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Brokerage Reminder: Disbursement of funds when a transaction fails
Keep yourself informed about the rules surrounding disbursement of funds held in escrow after a failed transaction.
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Brokerage Reminder: Trust fund(amentals)
Brush up on the basics of trust fund rules and regulations.
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Client Q&A: My deposit: will I lose it if escrow is cancelled?
Use this first tuesday FARM Letter Info-Flyer with your existing clients to provide a clear,...
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Brokerage Reminder: Forfeiture provisions – enforceable or not?
How to determine if a forfeiture provision is enforceable on the cancellation of a sale.
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