Form 17 — an addendum to the contract? July 3, 2008
As always, this is not legal advice. If you want legal advice, consult an attorney, not a blog.
Is the Form 17 part of the purchase and sale agreement (PSA)? Should it be listed in the “Addendum” paragraph of the PSA? In a word: NO! (At least if you’re the seller — if [...]
The Lame List Part II - MLS Rules April 13, 2006
Recently, Dustin, Anna, myself, and the fine folks at LTD Real Estate, had the pleasure of dealing with the NWMLS.
The gist of the discussion was our inabilty to host a NWMLS search tool due to NWMLS belief that Rain City Guide is alledgedly not an agent site. They are of the belief because multiple agents [...]
California realtors make a call for higher standards… March 17, 2006
There was an interesting article (requires a subscription) on Inman yesterday about the California Association of Realtors (www.car.org) pushing for higher licensing standards. CAR’s president noted that currently in California someone who cuts hair requires more training than real estate agents to obtain a license for their profession.
I applaud the fact that the industries own [...]
DOJ, Copyright and Real Estate Listings
I just noticed an interesting article published in the Inman News by RCG contributor, Russ Cofano, that provides an interesting perspective on the extent to which a listing broker can copyright a listing (requires a subscription after today).
In a recent news publication, attorney J.T. Westermeier, partner in the firm of DLA Piper Rudnick Gray [...]
New Construction Warranties March 10, 2006
I recently had a conference call with an agent and his buyer who was purchasing new construction from a small builder. In the course of the conversation, we started talking about the builder’s warranty (which there was none) and the agent chimed in with the following: “Well, even without a written warranty, the [...]
A Closing Date without a closing February 24, 2006
(This post is authored by Craig Blackmon, an attorney in Seattle whose practice focuses on residential real estate — see his web page or his blog for more information. Please note that this post is not legal advice. You should consult an attorney for specific legal counsel.)
Your purchase or sale is scheduled to close on [...]
MLS - The New Internet Cop? February 22, 2006
Here is an article I wrote on the findings and recommendations of a NAR Work Group that addressed REALTORS use of the Internet and the interplay betweent the REALTOR Code of Ethics and MLS Rules and Regs:
MLS Law and Business (pdf)
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addthis_pub [...]
Buying Investment Property - Entity Protection February 20, 2006
Many “average” Americans are dipping their toe into the world of investment real estate. Not satisfied with owning REITs, many non-real estate professionals are turning to buying vacation homes, single family rental properties, small multi-family dwellings and even small commercial buildings.
If you are in this group (or thinking of joining this group), I want [...]
“Sarasota Realtor sues local real estate association” February 18, 2006
In response to Giles comment and question, here is an Inman article from December 2004 giving the whole story. Lois had been emailing me some strange things. She then went into a coma and passed away. I believe her suit was dropped at that point. I’m pretty sure the Association won [...]
Golf Balls February 16, 2006
Ok, this post is really not about golf balls but they are part of the story. A recent case illustrates how courts are putting more obligations on buyers of residential property to understand the condition of the property notwithstanding the seller’s customary obligation to provide a disclosure form to the buyer.
This case involved a [...]
