The new CONTRACT TO BUY AND SELL becomes MANDATORY January 1, 2008.
The new contract will change the real estate transaction requiring sellers and buyers to give more thought to the loan contingency along with other considerations.
We would like to offer you our NEW FORMS WHITE PAPER and NEW CONTRACT with HIGHLIGHTED REVISIONS written by Kent Jay Levine, Esq., Chairman of the Real Estate Commission Forms Committee!
To receive your FREE copy of the white paper and highlighted contract along with other timely information and resources goto
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that says I working with this buyer as a customer?
blog. The reason that the statement as to whether the buyer or seller is a
customer was removed from the 2008 contract is because most brokers did not know how to answer the question or used the boxes improperly.
The forms committee felt that since it was often mishandled it would be best
to remove the statement. If the listing broker was a seller's agent and sold
his/her own listing then the buyer would be a customer. If the buyer agent
sold a FSBO and remained an agent to the buyer, then the FSBO would be a
customer. Your disclosure to the buyer or seller would also reflect this.
Thank you and see you soon. Betty
Why was the question removed from the SPD that asks if anything was done without a required building permit?
whether there have been any improvements made not only without a building
permit but also those made with a building permit. This would be a material
fact that a buyer would need to know--so it should cover both. Hope that
helps. Betty
asks for known "Building code violations". We teach the new licensee to consider researching permit history by calling the local building department. The building department will usually provide the history and let you know if any permits were properly "closed" (Certificate of Occupancy was issued).
Great idea to do your own blog :)
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Raymundo Saenz