What Does “Proof of Funds” Mean?
Great question—let’s break it down. Watch this video to learn what “proof of funds” means and why it matters.
Jon Goodman
What do We do When the Buyer Refuses to Sign the Buyer Broker Compensation Agreement?
Watch this video and find out. See Also: Don’t Believe Rumors of Disagreement Between NAR and Your Regulators About the Antitrust Settlement
Don’t Believe Rumors of Disagreement Between NAR and Your Regulators About the Antitrust Settlement
The plaintiffs in the settled antitrust lawsuits were sellers, not buyers. It is natural that regulators may not be keen on settlement terms that intend to help sells and may hurt buyers. Yet the Division is not stating that it will prosecute brokers for honestly complying with the Settlement Agreement. Colorado law does not prohibit … Continue Reading
When the Seller Rents Back Post-Closing for no Monthly Rent, Can There be a Security Deposit?
In Colorado, Senate Bill 23-184 provides a fairly clear answer: No.
Does Colorado Law Inhibit Creative Buyer-Broker Compensation?
Does CRS §12-10-301 inhibit buyers and their brokers from having creative fee arrangements? Learn why the answer to this question is “no.”
Buyer Side Requirement of the NAR Antitrust Settlement
Learn about one of the more important practice changes for buyer-side brokers: the inability of the buyer broker to make an agreement with the buyer to accept whatever the seller side is offering. Related Webcasts: Seller Side Requirement of the NAR Antitrust Settlement Is it Time to Think about Evolving Past the Realtor® Code of … Continue Reading
Seller Side Requirement of the NAR Antitrust Settlement
Learn about removal of compensation fields in the MLS and the prohibition of using the MLS to communicate co-op amounts. Related Webcast: Is it Time to Think about Evolving Past the Realtor® Code of Ethics?
Is it Time to Think about Evolving Past the Realtor® Code of Ethics?
A portion of the Realtor® Code of Ethics provided part of the legal justification for the $1.78 billion jury verdict against the National Association of Realtors® in October of 2023. The offending language (and its accompanying case study) could be surgically removed from Article 16 of the Code. Perhaps, however, we have blind spots about … Continue Reading
Is Buyer’s Termination Over “Loan Availability” Legit?
What happens when a seller and a buyer disagree over whether the buyer’s termination of a contract due to lack of “loan availability” is legit? Watch this video to learn the four-step process to resolve these fights. This webcast links to other relevant webcasts: “Loan Termination” Splits in Two; Buyers Using Contingencies for Purposes other … Continue Reading
“How-To” for Common Styles of Subject-To Transactions
Watch this video to learn about the common styles of subject-to transactions and some the different risks of the common types of subject-to transactions. See also Parts I & II: Part I: Subject-To Transaction: Understanding the Concept Buyer and Seller Motivations. Part II: Subject-To Transaction: Learning the Jargon and the Key Deal Points.