Staying on top of the deadlines in a sale and purchase contract is essential. Buyers and Sellers need to be aware of upcoming deadlines and be prepared to act on time, whether it’s accepting an offer, making a deposit, or closing. A missed deadline can have extreme...
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Real Estate Transactions
Title Tip: Direct Payment of Realtor Commissions
As you well know, if your broker allows it, closing agents can pay you your share of the commission directly at closing and remit the remainder and fees to your broker. However, this was not always the case. Prior to 1999, all commissions had to be paid directly to...
3 things that can go wrong at closing
Although many real estate transactions move forward without major challenges, there are always cases that serve as outliers by being far harder to handle than others. You could help your buyer wade through the properties on the market and find one that fits their...
Can you help homebuyers avoid an appraisal gap?
When people who want to buy a house hire a real estate agent, they want their agent to make the process easier and faster. They expect the agent to handle much of the legwork so that they don't have to spend hours looking at listings. They also count on their agent to...
What is a triple-net lease?
If you’re a commercial landlord, it’s important to structure your leases properly. It’s also important for all of the details to be clear to both parties so that there are no disputes. If a dispute does arise, then you’ll need to look into your legal options to...
Commission lawsuits could change the industry
The real estate industry is always in a state of change, particularly here in Florida. But the usual trends involving buying habits, prices and increasing use of technology may be swept aside by ongoing commission lawsuits currently in the courts, including Moehrl,...
Did someone breach their real estate contract?
Breach of contract is one of the most common legal disputes involving real estate. Reasons for this are that real estate contracts are typically long, complicated, and outline various rules and conditions. Issues often arise because actions cause a financial loss or...
Is an appraisal or an inspection more important for homebuyers?
Trying to buy a house is a process rife with expenses and complications. There are meetings to schedule and standards that the property has to meet. The idea that you need to bring in multiple outside professionals to look over a property that you have already walked...
What is a procuring clause?
A procuring clause creates you right to obtain a commission after the sale of a property. A real estate agent needs to use this kind of clause to be sure that they will receive the commission at a certain point in time, such as during the closing of the home’s sale....
The due diligence period in a real estate transaction is crucial
Whether buying or selling, a real estate transaction can be a frustrating, intimidating experience. At the same time, all the parties are excited with the prospect of completing the process and moving into their new futures. This excitement can be overwhelming and...