FARM: Applying for a mortgage?
Use this firsttuesday FARM Letter in your marketing. For a list of all our FARM letter templates...
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Category: Buyers and Sellers
The seller breaches the purchase agreement
Learn to conduct a transaction as a buyer agent when a seller breaches the purchase agreement with a buyer, discuss remedies available to the buyer and review money losses the buyer may recover on a seller’s breach.
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FARM: 10 tips for a successful yard sale
Use this firsttuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a...
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“For Sale” sign ordinances and CC&Rs
Learn to properly display a “For Sale” sign on behalf of the seller to advertise the property for sale, understand when permission is needed to advertise a property within a common interest development (CID) and abide by the regulations concerning the placement of a “For Sale” sign on a private or public right-of-way or on a mobilehome.
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Transparency as symmetric marketing
Learn how to persuade a seller-client to order out third-party reports on a property’s condition to enhance marketability, provide a marketing package to prospective buyers and work up effective marketing plans to sell a property when employed under a seller representation agreement.
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The safety clause for residuals from due diligence efforts
Learn to appreciate a safety clause provision in exclusive representation agreements as assurance a fee is earned after expiration when your client sells or buys due to your efforts during the employment.
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FARM: Do’s and don’ts for staging your home
Use this firsttuesday FARM Letter in your marketing. For a list of all our FARM letter templates...
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Fees for withdrawal or termination of a representation agreement
Learn to protect your broker’s right to collect a fee when a seller-client removes their property from the market or cancels the representation agreement.
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Is percolating groundwater which seeps into an aquifer conveyed with the land when a mortgage holder forecloses on a parcel of real estate?
Sandton Agriculture Investments III, LLC v. 4-S Ranch Partners, LLC
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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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The MLS environment
Review the historical and current practice of a buyer broker to earn and be paid their fee on a transaction when representing a buyer-client.
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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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Reading the legal tea leaves — the parallel need to conform tenant representation to new buyer representation rules for commercial transactions
The new buyer representation rules have an application which may surprise some brokers – the negotiated, written representation of commercial tenant clients.
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Letter to the Editor: What happens to buyer representation agreements and fees when an agent changes brokers?
A buyer representation agreement runs with the broker, not the agent.
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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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Form-of-the-Week: Request for Notice of Mello-Roos Assessment — Form 137
A seller agent uses RPI Form 137 to request information from the Improvement District Office about Mello-Roos on a property listed for sale.
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Counteroffers — practice dictated by buyer representation agreements
Learn how to counter an offer with a purchase agreement calling for the buyer to pay the broker fee and avoid claims of tortious interference.
Read More![Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]](https://journal.firsttuesday.us/wp-content/uploads/purchase-agreement-1-627x376.jpg)
Form-of-the-Week: Purchase Agreement — for One-to-Four Residential Property — with Buyer Broker Fee Provision [RPI Form 150]
A buyer agent uses RPI Form 150 when preparing an offer for their buyer to purchase one-to-four unit residential property with a fee provision for disbursing the buyer broker fee from the purchase price.
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California’s turnover rate ice cold in 2024
California’s homeowner turnover rate is the lowest it’s been in years, showing just how frigid California’s housing market is in 2024.
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Buyer Representation Agreements: The end of the “gold standard”
With new California legislation, it’s now mandatory practice for a buyer broker to enter into an employment agreement with buyer-clients before a purchase agreement is submitted.
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