Buyers and Sellers | firsttuesday Journal

Form-of-the-Week: The Counteroffer, and Counteroffer Addendum — Forms 180 and 180-1

by Amy Platero | Nov 20, 2023 | Buyers and Sellers, Forms, Real Estate | 0

The seller responds to a buyer’s offer Typically, a buyer submits a purchase agreement offer to a...

New advertisement law requires all fees be disclosed upfront — with implications for real estate

by Carrie B. Reyes | Oct 30, 2023 | Buyers and Sellers, New Laws, Real Estate, Your Practice | 0

With authorities cracking down on misleading advertising, brokers and MLOs will be wise to take this opportunity to ensure their adverts are in compliance.

Form-of-the-Week: Authorizations to Prepare an NHD, and a Structural Pest Control Operator Report — Forms 131 and 132

by Amy Platero | Sep 28, 2023 | Buyers and Sellers, Forms, Real Estate | 0

A sellers agent uses Forms 131 and 132 to order out a Natural Hazard Disclosure (NHD) report and a Structural Pest Control (SPC) report.

Form-of-the-Week: The option to buy and its variations — Forms 161, 161-1 and 161-2

by Amy Platero | Sep 5, 2023 | Buyers and Sellers, Forms, Property Management, Real Estate | 0

A leasing or sales agent uses RPI Forms 161, 161-1 and 161-2 when arranging an option to purchase property.

Is a buyer entitled to a reduction from the fair market value (FMV) of a property acquired from a city when their purchase agreement included a below-market leaseback agreement?

by David Swistock | Jul 5, 2023 | Buyers and Sellers, Laws and Regulations, Recent Case Decisions, Tax | 0

290 Div. (EAT) v. City and County of San Francisco

Does a broker appointed by court order to sell a property owe fiduciary duties to the co-owners of the property?

by David Swistock | Jun 26, 2023 | Buyers and Sellers, Real Estate, Recent Case Decisions | 0

Holt v. Brock

The liquidated damages provision and the breaching buyer’s deposit when prices decline

by Carrie B. Reyes | May 15, 2023 | Buyers and Sellers, Feature Articles, Real Estate, Recessions, Your Practice | 0

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.

The seller cancels the purchase agreement: now what?

by Carrie B. Reyes | Apr 24, 2023 | Buyers and Sellers, Feature Articles, Market Watch features, Your Practice | 0

Buyer remedies when a seller breaches or cancels a purchase agreement

Extending performance dates to attain purchase agreement objectives

by Carrie B. Reyes | Apr 17, 2023 | Buyers and Sellers, Feature Articles, Real Estate, Your Practice | 0

Avoid premature termination when purchase agreement objectives can be met by extending dates.

Natural hazard disclosures and the seller’s agent

by Carrie B. Reyes | Mar 13, 2023 | Buyers and Sellers, Feature Articles, Real Estate, Your Practice | 0

Gone are the days of minimal or delayed property disclosures.

Cancellation excuses further performance

by Carrie B. Reyes | Mar 2, 2023 | Buyers and Sellers, Feature Articles, Market Watch features, Real Estate, Your Practice | 0

When is a buyer or seller entitled to exercise their right to cancel a purchase agreement and escrow instructions?

The many pitfalls of pocket listings

by Carrie B. Reyes | Feb 20, 2023 | Buyers and Sellers, Feature Articles, Home Sales, Real Estate, Your Practice | 0

The risky business of pocket listings are dangerous for sellers, buyers — and brokers.

A home inspection report: the liability shield for a seller’s broker

by Carrie B. Reyes | Feb 16, 2023 | Buyers and Sellers, Feature Articles, Laws and Regulations, Real Estate, Your Practice | 0

A home inspection report is used by a seller’s broker to shift the risks of non-disclosure liability in their use of a seller’s Transfer Disclosure Statement.

Form-of-the-Week: A comparative market analysis for setting prices and rents — Forms 318 and 318-1

by Amy Platero | Dec 27, 2022 | Appraisal, Buyers and Sellers, Finance, Forms, Real Estate, Recessions | 0

A seller’s agent uses RPI Forms 318 and 318-1 when educating the seller on a reasonable asking price or rental amount for the property.

As mortgage interest rates rise, concessions return

by Amy Platero | Dec 12, 2022 | Buyers and Sellers, Finance, Interest Rates, Loan Products, Mortgages, Real Estate | 0

Buyers looking to recoup lost purchasing power are dusting off old strategies to secure a more comfortable monthly mortgage payment.

Form-of-the-Week: Occupancy Agreements — Interim and Holdover — Forms 271 and 272

by Amy Platero | Nov 14, 2022 | Buyers and Sellers, Forms, Home Sales, Real Estate | 0

Buyers and sellers use RPI Forms 271 and 272 to occupy property as tenants until a replacement residence is secured.

What a cooling market means for both sides of real estate transactions

by Amy Platero | Sep 19, 2022 | Buyers and Sellers, Economics, Market Watch, Real Estate, Recessions | 1

The real estate market’s pivot from soaring prices to plunging prices will affect buyers, sellers, lenders and support services in different ways.

Form-of-the-Week: Expired listings — Forms 122, 123 and 123-1

by ft Editorial Staff | Sep 19, 2022 | Buyers and Sellers, Forms, Real Estate | 1

An agent who was the procuring cause for a sale in an expired listing uses RPI Forms 122, 123 and 123-1 to demonstrate and demand the collection of their fee.