Welcome To Betty's Blog

Posted At : November 6, 2007 7:52 PM | Posted By : name
Related Categories: Betty's Q and A

As the "Dear Abbey" of Colorado Real Estate, Betty has been providing one-on-one counseling and assistance to the real estate community for many years. It is our hope that this forum will allow many more to benefit from your questions and Betty's answers.

Feel free to visit our web site and subscribe to our new Spotlight Section with more timely information, downloads and other resources related to real estate brokerage, appraisal and mortgage lending.

Patrick C. Armbrust Director Armbrust Real Estate Institute www.armbrust-rei.com

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Raymundo Saenz's Gravatar Great Idea,

I love it, thanks again ! :)

Raymundo Saenz
# Posted By Raymundo Saenz | 1/9/08 1:12 AM
John Ebel's Gravatar Betty: What is the position of the CREC, present and future, on Rent-to-Own deals? Any special provisions for Attorney involvement or agency concerns. It's nice to be aware of potential pitfalls and be ahead of the CREC curve.
# Posted By John Ebel | 1/10/08 9:55 AM
Betty's Gravatar Hi John. I did e-mail you and asked you to call me. Your question is complicated and I wanted to talk to you before answering. Without question you need legal advice. Call me if you get a chance. Betty
# Posted By Betty | 1/25/08 10:21 PM
Don diFiore's Gravatar Betty how would we go about adding homes for rent to the Metrolist database. I just bought a home in Pheonix and they gave me a CMA on the rental side for that area. Great information and the brokers share in the rental commission as a co-op. A few extra dollars for the agents in the system. Is something leadership should take to Pat Bybee?
# Posted By Don diFiore | 5/1/09 11:23 AM
Steven Konecny/Metro Brokers Freedom First Realty,'s Gravatar Betty can you explain the new Seller Warning (SWF30-7-09) (Mandatory 7-09) and will you be posting information on the new Colorado Foreclosure Protection Act Contracts on the Spotlight Section?

Thanks,

Steve
# Posted By Steven Konecny/Metro Brokers Freedom First Realty, | 8/3/09 9:43 PM
Betty's Gravatar Hi Steve. Since Kent Levine is clearly the authority on the Forclosure
Protection Act.,and if the act otherwise applies, I will quote Kent.
"If the Buyer is not to assume any financial or legal obligation of the Seller,
then a separate written disclosure required by the Equity Skimming of Real
Property statute (Warning to Seller) must be in ALL BOLD, ALL CAPITALS,
not less than 10 POINT FONT." Hopefully, we will be able to post additional
information as time allows. Thanks for your question, and we will see you on
the cruise. Betty
# Posted By Betty | 8/4/09 6:39 PM
Kelly's Gravatar Re: seller's disclosure.
If the seller checks "NO not in working order" for an appliance that does not exsist rather than "N/A" is the seller obligated to provide that appliance to the buyer - working or otherwise?
Example: the seller disclosure has a line for "trash compactor" and the sellers checked NO rather than N/A (there is not a trach compactor in the home - I have verified this myself). The buyers (my clients) very much want a trash compactor and after reviewing the seller's disclosure are excited that they overlooked it while doing the home preview. The compactor does not exist but aren't the sellers indicating that it does by checking "NO, not in working order?" Do I bring this to the attention of the listing agent to have her correct the Seller's Disclosure or should I have my buyers sign as it is and go back against the sellers to install a trash compactor - working or not?

Thanks
# Posted By Kelly | 1/10/10 5:47 PM
Patrick Armbrust's Gravatar Kelly,

The contract would prevail in determining what is and is not included with a property, not the seller property disclosure. You have verified that there is no trash compactor. If you added it to the inclusions section of the contract I suspect that the seller would counteroffer.

Patrick
# Posted By Patrick Armbrust | 1/11/10 12:01 PM
Cheri Ferbrache's Gravatar Hi Betty, I love your blog. Great idea and information.
I received an email today offering an Ethics Update class and stating that it
is required to take every 4 years to renew our license. Is that so and do you
offer it?
Thanks
# Posted By Cheri Ferbrache | 3/15/10 7:14 PM
Patrick Armbrust's Gravatar Cheri,

The ethics update you refer to is a requirement to maintain your status as a Realtor. It is a requirement of NAR, not the Colorado Real Estate Commission. Completion of the course will count towards your CE requirement for license renewal. The course is offered through your local Realtor association.

Patrick
# Posted By Patrick Armbrust | 3/16/10 6:32 PM
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