Category: Licensing and Education

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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Referral fees to transaction agents from third-party providers prohibited

Learn to identify impermissible fees for your referral of a transaction participant to a third-party provider as a duplicate charge and a prohibited kickback and establish broker-owned services and refer clients to use them to capture legally entitled profit from transactional services otherwise received by third-party providers.

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Letter to the Editor: Why does firsttuesday report availability and ASAP delivery of the TDS by a seller broker?

Delivery of property disclosures to buyers is legislated to occur “as soon as practicable” (ASAP) on inquiry from a prospective buyer, well before a purchase agreement setting a price is entered into.

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