MLS Square Footage Disputes

Today we’re talking about something very common in my experience in the industry, and that is square footage discrepancies. Especially, discrepancies regarding the square footage that is input into an MLS listing. Now, the situation that I was dealing with was...

Execution: Do’s & Don’ts

I had an interesting scenario occur this week with one of my agents who was representing the buyers on a transaction. They had gone under contract, they had negotiated an option period of seven days, and as they drew closer to the end of that option period, it became...

Do You Have to Disclose an Inspection Report

Today I’m talking about an issue that comes up very frequently in our business, and that issue is the question of whether a seller and the broker who lists that seller’s home is required to pass onto to subsequent buyers an inspection report that was done...

Contingency Contracts And Back Ups

Today we’re talking about an issue that I’ve seen come up quite frequently lately with agents regarding offers that are contingent upon the sale of the buyer’s other property, contingency offers, and backup contracts. Oftentimes, these two things are...

Earnest Money and Executed Date

I’ve been hearing a lot from agents lately about two different issues regarding the contract, the one to four family resale contract, both of which are incorrect misconceptions. The first one is regarding the executed date. The common misconception in the agent...

WARNING: Your Fiduciary Obligation

I’ve got a situation that came up with one of my agents this week that I’ve been encountering more and more lately and I think that it’s something that the agent population needs to really think about. My agent, who was the listing agent, called me...