Because of the economic consequence of the COVID-19 shut down, jobs have lost and as a result, mortgages will go unpaid and an increase in home foreclosures will occur. Now home prices currently remain high because of the fact inventory is low. So many in default will decide to sell their homes, take whatever equity […]
With the way shelter in place orders have been drafted, many properties can only be shown virtually. There are express restrictions to showing some properties that are occupied. This naturally creates a potential liability issue for sellers and agents. Today we look at the potential issues created by virtual showings. As always, if you have […]
The world of real estate is changing rapidly. From emergency rules restricting evictions to new CAR forms and virtual showings the changes are affecting the way the real estate business operates. Today, we look at some of the recent changes impacting real estate. As always, if you have any questions about your real estate, business, […]
During the Covid-19 outbreak, we have received many questions related real estate issues. Concerns such as lease relationships, property sales, and mortgages. There is a lot of uncertainty with how some of these matters will be resolved. Today we update you with some of the current topics and issues on how Covid-19 is impacting the […]
Sometimes bad things happen to good people. In the case of the purchase of a home, it often manifests as an undisclosed problem with the home. That pesky roof leak, drainage problems or something else that was not disclosed during the course of the purchase. Today, Attorney Robert Enos, kicks off a multi-part series that […]
With a housing shortage and rising costs to purchase homes, parties are looking for alternative methods to buy and sale homes. One of the most common alternatives is the “lease-option”. Today, we take a look at some of the common mistakes of the lease-option transaction. As always, if you have any questions about your real […]
Today, we wrap up our series on a real estate professionals fiduciary duties. Attorney, Laura Ferret, examines the broker’s duty supervise salepersons. The broker owes not only all of the duties previously discussed to their client but they also owe the independent duty to supervise the salespeople that work under their broker’s license. This is […]
Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Laura Ferret, examines the duty of honesty and reasonable care. Understanding reasonable care and what is expected goes a long way in assisting the real estate professional in navigating the complex fiduciary requirements placed on the agent or broker. As always, if you […]
Today, we continue our series on a real estate professionals fiduciary duties. Attorney, Laura Ferret, examines the duty of loyalty and through the prohibition of self-dealing. Most self-dealing involves some sort of secret profit that is taken. While it sounds nefarious, it is easy find oneself on the wrong side of the self-dealing equation. Something […]
Today, we continue our series on real estate professionals’ fiduciary duties. Attorney, Carl Block, continues his examination of dual agency in the real estate transaction. Dual agency is allowed by law but it comes with risks for the agent. Some of which may be known and many that may not be known but the agent […]
