An agent or escrow officer uses RPI Form 401 when preparing instructions to open a purchase escrow with an escrow officer, and RPI Form 415 when escrow requests mortgage information from a mortgage holder regarding their lien on a property to confirm the terms of the debt or obtain a payoff demand.
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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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Learn how to manage licensed activities as a seller agent from soliciting a seller-client and organizing the marketing of their property through closing a transaction.
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A new CFPB federal rule shaves down the definition for what lender actions qualify as mortgage discrimination.
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Learn the seller broker duty to inspect and disclose their observations and knowledge about a property’s condition to prospective buyers, preparation and delivery of the seller’s Transfer Disclosure Statement (TDS) and recognize the home inspection report (HIR) as a risk mitigation activity.
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Learn to explain to your buyer and tenant clients the provisions contained within the buyer representation agreement and tenant representation agreement.
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Learn when to enter into a buyer representation agreement with a buyer-client and distinguish between representing individual and entity clients and the forms and retainer periods used for each.
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After entering into a representation agreement with a client, an agent uses the Modification of Representation Agreement to change the terms of the employment without canceling it and to terminate the authorization to represent, an agent uses the Release and Cancellation of Representation Agreement.
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Use this firsttuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a...
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Follow the steps of a buyer agent from representation agreement to closing on a buyer’s acquisition of property and recognize a buyer’s breach of the purchase agreement.
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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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A broker employed by a landlord to market the property to tenants, screen tenants and negotiate lease terms in exchange for a fee uses a Landlord Representation Agreement — the leasing equivalent of a Seller Representation Agreement.
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Learn when a binding agreement to buy and sell real estate is formed and how to assist clients by preparing and submitting or responding to an offer to buy real estate.
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This article presents the appropriate reaction to a seller broker’s attempt to simultaneously fee-fix and unlawfully induce a buyer broker to violate California’s buyer representation agreement law.
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Learn the contract elements comprising an enforceable agreement and how to manage the submission of an offer for the sale, lease or exchange of real estate.
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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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Use this firsttuesday FARM Letter in your marketing. For a list of all our FARM letter templates...
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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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Use this firsttuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a...
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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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