Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet
|
|
- Eleanor Wilson
- 5 years ago
- Views:
Transcription
1 Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet FROM THE PUBLISHER This hot sheet includes necessary updates, changes, and clarifications to Modern Real Estate Practice in North Carolina Eighth Edition Update as it was first printed in April of We would like to thank the people of the North Carolina Real Estate Commission for their careful review of the book and for helping us get the best content possible in front of our students. Changes are listed by page. Underlining and strikethroughs are used in some instances to indicate the changes. Entries marked with an asterisk (*) are of particular importance. Read them carefully. ACKNOWLEDGEMENTS xii The list of reviewers should also include these individuals: Bruce W. Moyer, Director of Education and Licensing, North Carolina Real Estate Commission Stephen L. Fussell, Sr. Consumer Protection Officer, North Carolina Real Estate Commission A few changes are needed to the list of reviewers for the Eighth Edition. Larry A. Outlaw is the former Director of Education and Licensing, North Carolina Real Estate Commission. Tricia Moylan should be listed as Patricia A. Moylan CHAPTER 2: PROPERTY OWNERSHIP AND INTERESTS 21 The last sentence on the page (This makes all beaches in North Carolina publicly owned.) should read as follows: This makes a portion of every beach in North Carolina a public beach under the public trust doctrine. 24 The following statement should be added to the end of the last paragraph on the page. Brokers should refrain from entering statements such as as listed in MLS # or as present in property on [date] in the personal property section as such statements are too vague to protect the parties interest regarding an article of personal property or a fixture. 29 The last sentence of the example (If the church ever decides to use the land for a nonreligious purpose, the property automatically reverts back to the original former owner or the heir without having to go to court.) should read as follows: If the church ever decides to use the land for a nonreligious purpose, the property automatically reverts back to the owner who granted the land as a gift, or that owner s heir(s) Kaplan, Inc. Published by DF Institute, Inc., d/b/a Kaplan Real Estate Education. Printed in the United States of America. All rights reserved. The text of this publication, or any part thereof, may not be reproduced in any manner whatsoever without written permission from the publisher. ISBN: / PPN: MREP_NC_8E_Update_HotSheet.indd 1 7/1/2014 3:38:37 PM
2 2 Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet The second sentence in the second paragraph (The difference between them is in the...) should read as follows: The difference between them is in the language used to create the estate (condition versus time) and whether it reverts automatically to the grantor or whether the grantor has the option to take the property back. The fifth sentence in the second paragraph (It is conveyed as long as.) should read as follows: It is conveyed as long as a specified activity or land use continues. 31 The second sentence in the first paragraph contains a typo. Homeowners insurance should include an apostrophe (homeowner s insurance). 32 A deletion is necessary in the first sentence of the third paragraph, indicated here with a strikethrough. The manner in which the property title is held is important to the real estate broker for two reasons: (1) the form of ownership existing when a property is sold determines who must sign the various documents involved (listing contract, acceptance of offer to purchase or sales contract, and deed) and (2) the new purchaser must determine in what form to take title. The second sentence of the fifth paragraph (An important aspect to concurrent ownership is the unity of possession, which means no one tenant may possess a portion of the property and not allow access to the other tenants.) should read as follows: An important aspect to concurrent ownership is the unity of possession, which means no one owner may possess a portion of the property and not allow access to the other owners. 37 The sixth bullet under Creation of a condominium (whether a managing broker is to be engaged, and) should read as follows: whether a professional manager is to be engaged, and CHAPTER 3: ENCUMBRANCES ON REAL PROPERTY 48 The fifth sentence in the fourth paragraph should say A property owner who applies instead of A property owner that applies 58 The last two bullets under A lien is either of the following: should be preceded with NOTE:. The fourth bullet under A lien is either of the following: (North Carolina Commercial Real Estate Broker Lien allows listing agent in a commercial transaction to secure commission with a lien.) should read as follows: North Carolina Commercial Real Estate Broker Lien Act allows listing agent in a commercial transaction to secure commission with a lien if filed prior to closing. 62 Answer choice c in question 21 (private construction projects on a single-family home do not need to designate a lien agent if the properties are owner-occupied.) should read as follows: a private construction project on a single-family home does not require a lien agent if the property is owner-occupied. MREP_NC_8E_Update_HotSheet.indd 2
3 Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet 3 CHAPTER 5: TRANSFER OF TITLE TO REAL PROPERTY 80 The last sentence of the first paragraph should be deleted [A minor (a person who has not reached the age of majority) does not have legal capacity to transfer title, so any attempted conveyance by a minor is voidable.] 93 The second sentence in the sixth paragraph (A prospective buyer, for example, needs to be sure that the seller can convey title to the property.) should read as follows: A prospective buyer, for example, needs to be sure that the seller can convey clear title to the property. CHAPTER 6: LAND-USE CONTROLS 113 The second sentence under Broker s Duty to Disclose Zoning should read as follows (text added): Brokers working with urban properties both commercial and residential usually have more responsibilities and require more knowledge than brokers working in more rural areas where there are usually fewer zoning classifications and/or restrictions. The third sentence in the second paragraph under Broker s Duty to Disclose Zoning (Purchasers are strongly encouraged to verify with the regulatory power any property use that is material to their desire for the property in question.) should read as follows: Purchasers and tenants are strongly encouraged The fourth sentence in the second paragraph under Broker s Duty to Disclose Zoning (Proper disclosure of zoning and protective covenants should be routinely made before the buyer signs an offer to purchase.) should read as follows: Proper disclosure of zoning and protective covenants should be routinely made before the buyer/tenant signs an offer to purchase/lease. CHAPTER 7: REAL ESTATE BROKERAGE AND THE LAW OF AGENCY 132 The second sentence in the first paragraph (An agent owes his loyalty to the party that employs him; that may not be the party that pays him.) should read as follows: An agent owes his loyalty to the party who employs him; that party may or may not be the party who pays him. *133 The second paragraph should read as follows: While a single agency broker may represent sellers and/or buyers, that broker will not represent both the buyer and the seller in the same transaction because that would require dual agency. Single agency avoids conflicts and results in client-based service and loyalty to only one principal. On the other hand, it traditionally rules out the sale of in-house listings (where the brokerage works with seller and buyer) to prospective buyers. *133 The second sentence in the last paragraph (Unlike agency agreements with ) should read as follows: Unlike agency agreements with a property owner, buyer agency may be oral initially, but must be reduced to writing before the presentation of an offer to any party to the transaction. It is recommended that an offer not be written before an agency agreement is in writing. MREP_NC_8E_Update_HotSheet.indd 3
4 4 Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet *135 The first sentence of the first paragraph (A broker/firm may not intend to create a dual agency situation.) should be preceded by the following: Undisclosed dual agency is not permitted. In order to act as a dual agent, a broker must first obtain written authorization from all parties. The following statement should appear at the beginning of the third paragraph (A more common ): Dual agency is also created when the listing agent and buyer agent work for the same firm, but in different branch offices. 136 Please note that the Commission Rule A.0104 was revised as of July 1, A new Working with Real Estate Agents brochure is available through the North Carolina Real Estate Commission. 145 The first sentence in the second paragraph under Loyalty (Real estate transactions are ideally arm s-length transactions where all parties are dealing from equal footing without bias.) should read as follows: Real estate transactions are ideally arm s-length transactions where all parties are dealing from equal footing without bias (i.e., do not involve family members, friends, or business associates). 147 The first two sentences in the second paragraph (Under the laws of most states, the agent must disclose material facts about the condition of the property. Some states, however, permit a seller disclaimer essentially a statement that the property is sold as is, with no promises regarding its quality.) should read as follows: Under the laws of most states, the broker must disclose material facts about the condition of the property even if the seller chooses not to disclose such facts and even if the seller instructs the broker not to disclose such facts. Some states, however, permit a seller disclaimer essentially a statement that the property is sold as is physical condition, with no promises regarding its quality. The last sentence in the fourth paragraph should be changed as follows (deletion indicated with strikethrough): In addition, the license laws generally require that the broker deposit immediately all trust funds entrusted to the broker in a special trust account (see Rule A.0116). CHAPTER 8: BASIC CONTRACT LAW 164 The second bullet under For Example (Betty writes, signs, and delivers an offer, which Sam then signs. Betty and Sam have an express written contract.) should read as follows: Betty writes, signs, and delivers an offer, which Sam then signs. Betty and Sam have an express written contract as soon as Betty learns that Sam has signed Betty s offer. 168 The second sentence under Agreement in writing and signed. (Most notably, all contracts for the transfer ) should read as follows: Most notably, all contracts for the transfer of an interest in real estate must be in writing, with the only exception being leases of three years or less from the time of their making. MREP_NC_8E_Update_HotSheet.indd 4
5 Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet 5 *172 The following statement should be added to the end of the first paragraph. If there is no available standard or preprinted form drafted by a North Carolina attorney for a certain type of transaction or condition, then the broker should refer the parties to their attorneys to draft appropriate language and/or documents. The first sentence in the first bullet under Auction Sales (The seller reserves the right to stop the bidding if it becomes apparent that the high bid will be unacceptable to the seller.) should read as follows: The seller reserves the right to stop the bidding if it becomes apparent that the high bid will be unacceptable (i.e., too low) to the seller. CHAPTER 9: AGENCY CONTRACTS 182 The last sentence in the second full paragraph should read as follows: In North Carolina, a broker who causes or completes such action without a written agency contract that promises compensation is deemed a volunteer and has no legal claim to compensation (N.C.G.S. 93A-13). The following statement should appear after the second sentence in the last paragraph: A buyer agent must enter into a written buyer agency agreement with a buyer-client before receiving a retainer fee. 183 The following statement should appear after the fourth line on the page: If, after entering into a written buyer agency agreement, a buyer purchases a property without the involvement of the buyer agent, the buyer agent may be able to recover compensation from the buyer-client if the written buyer agency agreement indicates that the buyer will pay the buyer agent in the event that the seller or seller s agent is unable or unwilling to do so. The following statement should appear after the fourth sentence in the In North Carolina paragraph: In order to be eligible to receive a referral fee, the North Carolina broker must have a current, active North Carolina license at the time of making the referral. 185 The first sentence in the second full paragraph (When a particular property is not ) should read as follows: When a particular property is not currently listed with any real estate brokerage firm, a buyer agent may use a protection agreement to secure a commission if that particular property is purchased by the buyer agent s buyer-client. Such an agreement does not create a general listing or any agency relationship between the seller and the buyer agent. The third sentence in the second full paragraph should be deleted: When the broker is an exclusive buyer agent, the broker may use the protection agreement to guarantee the seller s payment of the sales commission without creating any agency relationship with the seller. MREP_NC_8E_Update_HotSheet.indd 5
6 6 Modern Real Estate Practice in North Carolina Eighth Edition Update Hot Sheet The first sentence in the third full paragraph should read as follows: A broker may use a protection agreement when she has a buyer-client who is interested in a specific type of property. 186 Add the following statement to the end of the second paragraph: It is important to remember that this type of agreement is an agreement for real estate brokerage services. As such, it must contain the elements prescribed by Commission Rules A.0104(a) and (b). 198 Typo in the margin note. Should read as follows: Brokers cannot complete the North Carolina Residential Property Disclosure Report for sellers. CHAPTER 11: LANDLORD AND TENANT 238 The last sentence under Fixed or Gross Lease contains an errant period. The fixed sentence reads as follows: This type of lease is most often used for residential rentals but could be used in any type of property. CHAPTER 12: PROPERTY MANAGEMENT 258 In the first line of the fourth paragraph, licensed real estate broker should be italicized. APPENDIX C (These items are available through the North Carolina Real Estate Commission) 535 The License Law was revised as of July 1, The Commission Rules were revised as of July 1, The License Law and Rule Comments were revised as of July 1, MREP_NC_8E_Update_HotSheet.indd 6
7 MREP_NC_8E_Update_HotSheet.indd 7
8 ISBN: / PPN: MREP_NC_8E_Update_HotSheet.indd 8
Understanding Whom Real Estate Agents Represent
Understanding Whom Real Estate Agents Represent Before you decide to sell or buy or rent a home you need to consider the following information: Agents Who Represent the Seller Seller's Agent: A seller's
More informationNON-EXCLUSIVE BUYER REPRESENTATION AGREEMENT (BUYER AGENCY)
NON-EXCLUSIVE BUYER REPRESENTATION AGREEMENT (BUYER AGENCY) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Broker/Firm: of Firm:
More informationEXCLUSIVE BUYER REPRESENTATION AGREEMENT (BUYER AGENCY)
EXCLUSIVE BUYER REPRESENTATION AGREEMENT (BUYER AGENCY) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Broker/Firm: A Buyer's Best Choice
More informationROANOKE VALLEY ASSOCIATION OF REALTORS
ROANOKE VALLEY ASSOCIATION OF REALTORS Commercial/Industrial/Multifamily Listing Agreement - Exclusive Right to Sell (This is a suggested form for use in the listing of commercial, industrial and multi-family-5
More informationDo not trespass or disturb the homeowner or occupant! It is a crime to trespass on the Property. All properties are sold as-is, where-is.
Do not trespass or disturb the homeowner or occupant! It is a crime to trespass on the Property. All properties are sold as-is, where-is. There are no contingencies. Binding Auction Agreement The property
More informationPROPERTY DETAILS: Office/Retail Up to 2,795 RSF Available. New Construction. First Floor. Easy Access to Wendover Ave., New Garden Rd.
PROPERTY DETAILS: Office/Retail Up to 2,795 RSF Available New Construction First Floor Easy Access to Wendover Ave., New Garden Rd., Future 1-840 Guilford College/Quaker Village Area February 2017 Call
More informationSales Associate Course
Sales Associate Course Chapter Four Authorized Relationships Duties and Disclosure 1 Three Categories of Law 1) Common Law Unwritten Custom and court decisions Compensatory and punitive 2) Statutory Law
More informationUnderstanding Real Property Interests and Deeds» By Brad Dashoff and John Antonacci. Understanding Real Property Interests and Deeds
A service of the ABA General Practice, Solo & Small Firm Division Law Trends & News PRACTICE AREA NEWSLETTER REAL ESTATE Understanding Real Property Interests and Deeds» By Brad Dashoff and John Antonacci
More information2018 Summary of Changes & Practice Tips (the effective date of the forms is October 1 st, 2018)
2018 Summary of Changes & Practice Tips (the effective date of the forms is October 1 st, 2018) The New Forms are: 1. Escrow Agreement between Buyer, Seller, and Escrow Agent This form is intended to be
More informationInternet Bidding Available
Internet Bidding Available Tuesday, October 25 th @ 11:30am Auction held off-site at: Hampton Inn & Suites 7043 Miller Lane, Dayton, Ohio (Lot 7 of Multi-Property Auction) 421 Madison Street, Russells
More informationREAL ESTATE PURCHASE CONTRACT *
REAL ESTATE PURCHASE CONTRACT * This Contract is between: BUYER 1: BUYER 2: SELLER 1: SELLER 2: Hereinafter the Buyer Read this document carefully. All provisions apply unless crossed out and initialed.
More informationTopic Area: Property Ownership Total Topic Score: 7.0 Your Score: 2.0
Home FAQs PSI Bookstore Logout Online Practice Test Portion Name: National Real Estate Salesperson Practice Exam 2015 Topic Area: Property Ownership Total Topic Score: 7.0 Your Score: 2.0 Practice Test
More informationMacIntosh Real Estate School Colorado Course - Chapter 14
Chapter 14 - SHORT-ANSWER QUESTIONS ANSWERS 1. protect 2. competency, integrity 3. standing, interests 4. ethical standards 5. crimes, torts, crime, tort 6. 5, hearings, policy, licensing, complaints,
More informationREAL ESTATE PURCHASE CONTRACT *
REAL ESTATE PURCHASE CONTRACT * This Contract is between: BUYER 1: BUYER 2: SELLER 1: SELLER 2: Hereinafter the Buyer Read this document carefully. All provisions apply unless crossed out and initialed.
More informationHow a Lady Bird Deed Works. General Warranty Deeds. Special Warranty Deeds. The Difference Can Be Critical
How a Lady Bird Deed Works These deeds are also called enhanced life estate deeds. With a standard life estate deed, you could name a beneficiary to inherit your property while you keep ownership of it
More informationAgency Duties. Objectives. Upon completion of this section the student should be able to:
Agency Duties Objectives Upon completion of this section the student should be able to: 1. Demonstrate how to create a dual agency relationship by separately entering into an agency agreement with both
More informationRental Application (PAR Form RA) and. Rental Application for Landlord Agents (PAR Form RALA)
Pennsylvania Association of Realtors Rental Application (PAR Form RA) and Rental Application for Landlord Agents (PAR Form RALA) Guidelines for Preparation & Use Updated February 2017 Table of Contents
More informationOwners Full Name(s): (hereinafter, Sellers )"
LIMITED REPRESENTATION AGREEMENT 1 of 10 Date: Owners Full Name(s): (hereinafter, Sellers ) This Listing Agreement is by and between Sellers and Home Max, LLC., doing business as Home Max Realty, MLS Direct,
More informationWire Fraud and Suspicious Communications Notice (This is a legally binding contract. If you do not understand it, seek legal advice.
ice.) Wire Fraud and Suspicious Communications Notice (This is a legally binding contract. If you do not understand it, seek legal advice.) NOTICE TO BUYER AND SELLER REGARDING WIRE FRAUD AND SUSPICIOUS
More informationPROCEDURE FOR PURCHASING COUNTY OWNED PROPERTY This is for informational purposes only. These guidelines and procedures are subject to change.
PROCEDURE FOR PURCHASING COUNTY OWNED PROPERTY This is for informational purposes only. These guidelines and procedures are subject to change. 1. You should acquire a copy of the tax map for the property
More informationBUYER / PURCHASE CHECK LIST
BUYER / PURCHASE CHECK LIST FAX: 440-449-9105 / HOMESTAR@CENTURY21.COM AGENT: PROPERTY ADDRESS: Check List: Escrow Letter: Purchase Agreement: Agency Disclosure: Property Disclosure: Consumer s Guide:
More informationThe Law of Real Estate Agency for the State of Washington
The Law of Real Estate Agency for the State of Washington This pamphlet describes your legal rights in dealings with a real estate firm or broker in the State of Washington. Please read it carefully before
More informationGENERAL RESIDENTIAL SALES CONTRACT Form Approved by: Birmingham Association of REALTORS ; Birmingham, Alabama July 24, 1998 (Previous forms obsolete)
GENERAL RESIDENTIAL SALES CONTRACT Form Approved by: Birmingham Association of REALTORS ; Birmingham, Alabama July 24, 1998 (Previous forms obsolete) Date: The undersigned Purchaser(s) hereby agrees to
More informationMacIntosh Real Estate School Colorado Course - Chapter 16
Chapter 16 - SHORT-ANSWER QUESTION ANSWERS 1. owns, land, buildings, licensing. 2. corporate officers, regularly salaried. 3. No. 4.a. The salary must be an actual stated amount; b. The salary must be
More information2. The average credit score between all applicants must be greater than 550 or it will result in this application being automatically denied.
2200 E. 104 th Ave Suite 105 Thornton, CO 80233 Phone 303-255-1990 Fax 303-942-4070 Email: Rent@RentGrace.com Web: www.rentgrace.com Residential Rental Application Dear Applicant. Thank you for choosing
More informationCONTRACT OF PURCHASE AND SALE INFORMATION ABOUT THIS CONTRACT SAMPLE
CONTRACT OF PURCHASE AND SALE INFORMATION ABOUT THIS CONTRACT THIS INFORMATION IS INCLUDED FOR THE ASSISTANCE OF THE PARTIES ONLY. IT DOES NOT FORM PART OF THE CONTRACT AND SHOULD NOT AFFECT THE PROPER
More informationDivision of Professional Regulation. Real Estate Frequently Asked Questions INTRODUCTION
Division of Professional Regulation Real Estate Frequently Asked Questions INTRODUCTION The following sets forth common questions and answers involving the practice of real estate in Illinois. References
More informationALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790-X-3 DISCIPLINARY ACTIONS TABLE OF CONTENTS
Real Estate Commission Chapter 790-X-3 ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790-X-3 DISCIPLINARY ACTIONS TABLE OF CONTENTS 790-X-3-.01 Change Of Address 790-X-3-.02 Returned Check
More informationALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790 X 3 DISCIPLINARY ACTIONS TABLE OF CONTENTS
Real Estate Commission Chapter 790 X 3 ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790 X 3 DISCIPLINARY ACTIONS TABLE OF CONTENTS 790 X 3.01 Change Of Address 790 X 3.02 Returned Check Fee
More informationPRINCE EDWARD ISLAND REAL ESTATE ASSOCIATION AGREEMENT OF PURCHASE AND SALE
PRINCE EDWARD ISLAND This Agreement of Purchase and Sale dated this day of 20 BUYER purchase from SELLER REAL PROPERTY: (Full legal names of all Buyers) (Full legal names of all Sellers) ( the Buyer ),
More informationPROPERTY MANAGEMENT AGREEMENT
7853 E Arapahoe Court, Suite 1200, Centennial CO 80112 Business: (303) 471-4885 / Direct: (303) 471-4886 / Fax: (303) 327-7214 PROPERTY MANAGEMENT AGREEMENT Date: This Agreement is made between (hereafter
More informationMassachusetts Mandatory Licensee Consumer Relationship Disclosure
Massachusetts Mandatory Licensee Consumer Relationship Disclosure This disclosure is provided to you, the consumer, by the real estate agent listed on this form. Below you will find a more detailed description
More information1. Has complete responsibility for everything that happens in the firm. (18 VAC )
Real Estate Training Brokerage Definitions, Duties and Disclosures Principal Broker - The individual broker who shall be designated by each firm to assure compliance with Chapter 21 ( 54.1-2100 et seq.)
More informationDEALING WITH UNREPRESENTED SELLERS REAL ESTATE
DEALING WITH UNREPRESENTED SELLERS REAL ESTATE Purpose: To assist real estate professionals to understand the process of working with sellers who do not have representation from a real estate professional.
More informationOnline Bidding available at
Tuesday, June 7 th @ 6:30pm Auction held on-site at: 19 Beverly Place Oakwood, OH 45419 Online Bidding available at www.bidnowllc.com Description: Oakwood Auction Opportunity! This charming 2-Story, 3
More information168 Things Your Realtor Does For You...
168 Things Your Realtor Does For You... Pre-Listing Activities Even before your Irongate Realtor lists your property, they ve been working for you in researching, verifying and preparing your property
More informationhen buying or selling real estate, you may method for determining the sales commission or fee and represent only you (as a buyer s agent willing for them to represent both you and the seller at the same
More informationPURCHASE AND SALE AGREEMENT AND RECEIPT FOR EARNEST MONEY
PURCHASE AND SALE AGREEMENT AND RECEIPT FOR EARNEST MONEY BETWEEN: ("Seller") AND ("Buyer") Dated: Buyer agrees to buy, and Seller agrees to sell, on the following terms, the real property and all improvements
More informationEXCLUSIVE AGENCY LISTING AGREEMENT
EXCLUSIVE AGENCY LISTING AGREEMENT This exclusive agency listing agreement is made on, 20, between Valu-net Realty, referred to in this agreement as Broker, and Owner(s) Name(s): Owner address: City Owner
More informationGET TO KNOW THE ROLE OF REAL ESTATE AGENTS. For Use in the State of Maryland
GET TO KNOW THE ROLE OF REAL ESTATE AGENTS For Use in the State of Maryland HISTORY If you are involved in a real estate transaction in Maryland, you should understand the unique role of real estate agents.
More informationCONTRACT OF PURCHASE AND SALE INFORMATION ABOUT THIS CONTRACT
CONTRACT OF PURCHASE AND SALE INFORMATION ABOUT THIS CONTRACT THIS INFORMATION IS INCLUDED FOR THE ASSISTANCE OF THE PARTIES ONLY. IT DOES NOT FORM PART OF THE CONTRACT AND SHOULD NOT AFFECT THE PROPER
More informationFile Reference No Re: Proposed Accounting Standards Update, Leases (Topic 842): Targeted Improvements
Deloitte & Touche LLP 695 East Main Street Stamford, CT 06901-2141 Tel: + 1 203 708 4000 Fax: + 1 203 708 4797 www.deloitte.com Ms. Susan M. Cosper Technical Director Financial Accounting Standards Board
More informationEXCLUSIVE BUYER BROKERAGE AGREEMENT
EXCLUSIVE BUYER BROKERAGE AGREEMENT 2018 Printing State law prohibits Broker from representing Buyer as a client without first entering into a written agreement with Buyer under O.C.G.A. 10-6A-1 et. seq.
More informationWhat New Landlords Need to
2016 Printing What New Landlords Need to know about leasing property Suggestions for the Prospective Landlord This brochure was prepared courtesy of the Georgia Association of REALTORS to help owners with
More informationCOURSE OUTLINE SUPERVISION BROKERS, BRANCH OFFICE MANAGERS, TEAM LEADERS. I. Supervision Duties of Brokers, Managers and Team Leaders
COURSE OUTLINE SUPERVISION BROKERS, BRANCH OFFICE MANAGERS, TEAM LEADERS I. Supervision Duties of Brokers, Managers and Team Leaders A. Requirements of Maryland Real Estate Brokers Act (c) (1) A real estate
More informationCOMMERCIAL BUYER/TENANT REPRESENTATION AGREEMENT
COMMERCIAL BUYER/TENANT REPRESENTATION AGREEMENT USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS IS NOT AUTHORIZED. Texas Association of REALTORS, Inc. 2014 1. PARTIES:
More informationCommercial Land For Sale
Hinesville, GA - Liberty County 0.33 +/- Acres W. Oglethorpe Highway 20 Minute Drive Time Demographics 2015 Population: 66,712 2020 Projected Population: 71,073 2015 Average HH Income: $49,050 Current
More informationEXCLUSIVE RIGHT TO SELL AGREEMENT LISTING AGREEMENT
EXCLUSIVE RIGHT TO SELL AGREEMENT LISTING AGREEMENT In consideration of the covenants herein contained Sole Property Owner(s) (hereinafter called "OWNER") and Real Estate Company (hereinafter called "BROKER")
More informationRules and Regulations
Rules and Regulations Revised and Restated September 27, 2000 As Amended through March 20, 2013 TABLE OF CONTENTS ARTICLE I - LISTING PROCEDURES 1 SECTION 1.0 LISTING PROCEDURES FOR DIFFERENT PROPERTY
More informationPROPERTY MANAGEMENT AASHTO MINNEAPOLIS, MINNESOTA
PROPERTY MANAGEMENT AASHTO MINNEAPOLIS, MINNESOTA BEST PRACTICES OF DISPOSAL PROCESSES REVIEW OF 4 COMMON DEEDS IN REAL ESTATE As property managers and realtors we may want to review the various types
More informationNON-EXCLUSIVE BUYER BROKERAGE AGREEMENT
NON-EXCLUSIVE BUYER BROKERAGE AGREEMENT Georgia REALTORS State law prohibits Broker from representing Buyer as a client without first entering into a written agreement with Buyer under O.C.G.A. 10-6A-1
More informationGreater Central Louisiana REALTORS Association, Inc. Multiple Listing Service EXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS
Greater Central Louisiana REALTORS Association, Inc. Multiple Listing Service EXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS The undersigned owner(s) exclusively lists and places with the undersigned Real
More information$98, /- Acres. Chatham County, NC REDUCED. Paul Goins Office: Cell: Fax:
taylors@chapel road@s 10 +/- Acres Chatham County, NC $98,000 REDUCED National Land Realty 11316 Siler City Road Bear Creek, NC 27207 www.nationalland.com Paul Goins Office: 855.384.5263 Cell: 910.783.6105
More informationTHE BLACKSTONE REAL ESTATE
THE BLACKSTONE REAL ESTATE RENTAL APPLICATION CHECKLIST Be sure to provide the following items for a complete application: Photo ID copy for each applicant Completed Rental Application 45 application fee
More information1. A is a legal document used to transfer ownership rights to real estate from one party to another. a. plat b. lease c. sales contract d.
Chapter 5 Multiple Choice Questions / Page 1 Chapter 5 Multiple Choice Questions 1. A is a legal document used to transfer ownership rights to real estate from one party to another. a. plat b. lease c.
More information$140, /- Acres. Pender County, NC. Cailein Campbell Office: Cell: Fax:
shaw@highway UVNTV@acres 56.46 +/- Acres Pender County, NC $140,500 National Land Realty 949 Delco School Road Delco, NC 28436 www.nationalland.com Cailein Campbell Office: 855.384.5263 Cell: 828.460.4049
More informationSUBCHAPTER 58A REAL ESTATE BROKERS SECTION GENERAL BROKERAGE
SUBCHAPTER 58A REAL ESTATE BROKERS SECTION.0100 - GENERAL BROKERAGE 21 NCAC 58A.0101 PROOF OF LICENSURE (a) The pocket card issued by the Commission annually to each broker shall be retained by the broker
More informationEXCLUSIVE AUTHORIZATION AND RIGHT TO SELL, EXCHANGE OR LEASE BROKERAGE LISTING AGREEMENT (ER)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 EXCLUSIVE AUTHORIZATION AND RIGHT TO SELL, EXCHANGE OR LEASE BROKERAGE LISTING AGREEMENT
More informationVIRGINIA ASSOCIATION OF REALTORS EXCLUSIVE AUTHORIZATION TO SELL
VIRGINIA ASSOCIATION OF REALTORS EXCLUSIVE AUTHORIZATION TO SELL OWNER AUTHORIZATION REGARDING INTERNET Internet advertising is one of the ways information concerning real property offered for sale is
More informationXLS. BROKER (Company) LICENSEE(S) SELLER. Does Seller have a Listing Contract with another Broker? Yes No If yes, explain:
LISTING CONTRACT EXCLUSIVE RIGHT TO SELL REAL ESTATE This form recommended and approved for, but not restricted to use by, the members of the Pennsylvania Association of REALTORS (PAR). XLS 1 2 3 4 5 6
More informationOhio s largest firm Specializing in the Sale of Real Estate at Public Auction
Real Estate Bidder's Packet 21 March 2018 7301 Far Hills Avenue Washington Township, OH 45459 Tim Lile, CAI - Auctioneer/Realtor TimLileAuctioneer@gmail.com (937)689-1846 Ohio s largest firm Specializing
More informationExclusive Right of Sale Listing Agreement Preparation Manual
Exclusive Right of Sale Listing Agreement Preparation Manual Table of Contents General Considerations for Completing Preprinted Agreements... 3 Specific Considerations for Completing the Exclusive Right
More informationSealed Bid Instructions & Forms
Sealed Bid Instructions & Forms 47 Woodland Hills Drive, Florence, AL 35634 1. Sealed bids due on June 24, 2010 @ 5 PM at 35 Claremore Avenue, Greenville, SC 29606 2.Bid Submission Checklist: Send $25,000
More informationSAMPLE CONTRACT TO BUY AND SELL REAL PROPERTY
SAMPLE CONTRACT TO BUY AND SELL REAL PROPERTY 1. Parties and Property: The undersigned and identified party ( Purchaser ) agrees to buy and ( Seller ) agrees to sell, on the terms and conditions set forth
More informationREAL ESTATE PURCHASE AND SALE CONTRACT
REAL ESTATE PURCHASE AND SALE CONTRACT THIS REAL ESTATE PURCHASE AND SALE CONTRACT, is made and entered into as of the day of 2010, by and between (Seller) HPJ Properties, LLC and ("Buyer") WHEREAS, Seller
More information$22, /- Acres. Harnett County, NC. Cailein Campbell Office: Cell: Fax:
senter@hills lot RV 1.49 +/- Acres Harnett County, NC $22,500 National Land Realty 949 Delco School Road Delco, NC 28436 www.nationalland.com Cailein Campbell Office: 855.384.5263 Cell: 828.460.4049 Fax:
More informationReal Estate Bidder's Packet 27 March 2018
Real Estate Bidder's Packet 27 March 2018 6190 Millshire Drive Washington Township, OH 45459 Tim Lile, CAI - Auctioneer/Realtor TimLileAuctioneer@gmail.com (937)689-1846 Ohio s largest firm Specializing
More information2018 GAR Forms Changes
2018 GAR Forms Changes ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
More informationCONTRACT OF PURCHASE AND SALE INFORMATION ABOUT THIS CONTRACT
CONTRACT OF PURCHASE AND SALE INFORMATION ABOUT THIS CONTRACT THIS INFORMATION IS INCLUDED FOR THE ASSISTANCE OF THE PARTIES ONLY. IT DOES NOT FORM PART OF THE CONTRACT AND SHOULD NOT AFFECT THE PROPER
More informationAUCTION REAL ESTATE SALES CONTRACT
STATE OF OHIO COUNTY OF OTTAWA BIDDER# AUCTION REAL ESTATE SALES CONTRACT THIS CONTRACT, made this the day of 2017, by and between CLEARWATER PRESERVE, LLC, ( Seller ) whose address is 1613 S DEFIANCE
More informationNATIONAL INTERACTIVE STUDY GROUP UNIT 3 QUESTIONS
NATIONAL INTERACTIVE STUDY GROUP UNIT 3 QUESTIONS National Interactive Study Group 2 SESSION 3 JOHN MATHIS Notes for Tonight 3 1. To MUTE your phone line use *6 2. To UNMUTE your phone line use #6 3. Chat
More informationAuthorized By: New Jersey Real Estate Commission, Dawn Rafferty, Executive Director
INSURANCE DEPARTMENT OF BANKING AND INSURANCE DIVISION OF THE NEW JERSEY REAL ESTATE COMMISSION Real Estate Commission Rules Proposed Readoption with Amendments: N.J.A.C. 11:5 Authorized By: New Jersey
More informationAgreement of Purchase and Sale
Agreement of Purchase and Sale Form 100 for use in the Province of Ontario This Agreement of Purchase and Sale dated this... day of... 20... BUYER,..., agrees to purchase from (Full legal names of all
More informationLegal Bulletin Forms Revisions. By Northwest Multiple Listing Service February 13, 2017
Legal Bulletin 209 2017 Forms Revisions By Northwest Multiple Listing Service February 13, 2017 1. Introduction This bulletin summarizes revisions to several NWMLS forms, including: Purchase and Sale Agreements
More informationCS & ASSOCIATES, LLC. Rental Application Instructions
CS & ASSOCIATES, LLC 12191 W 64 TH AVE #304, ARVADA CO 80004-4030 303-422-7992 (O), 303-284-6250 (F), applications@csandassociates.net Rental Application Instructions Thank you for your interest in a home
More informationPART 1: BROKERS. Sources of Relevant Law. Selected Statutes and Regulatory Materials Concerning Brokers
PART 1: BROKERS Intro The broker puts a seller and buyer together and serves as an intermediary during negotiations. o They have the authority to show, advertise and market the property The sales agent
More information$140,000. LAND 56 +/- Acres. Abbeville County, SC. Bill Hueble Office: Cell: Fax:
charlies@creek recreational LAND 56 +/- Acres Abbeville County, SC $140,000 National Land Realty 1212 Haywood Road Ste 400A Greenville, SC 29615 www.nationalland.com Bill Hueble Office: 855.384.5263 Cell:
More informationEducational Version. Broker (Firm) Mailing Address: City, State, and Zip Code:
EXCLUSIVE RIGHT TO SELL UNIMPROVED LAND LISTING AGREEMENT This Exclusive Right to Sell Unimproved Land Listing Agreement ( Agreement ) is made on (Date) by and between ( Seller ) and (Insert Firm Name)
More informationArbitration Worksheet
Question Answer 1. Was an offer of compensation made through the MLS or otherwise? 2. Is the claimant a party to whom the listing broker s offer of compensation was extended? 3. What was the nature of
More informationAGENCY: SHIELD OF ARMOR: Comprehensive Final Exam Study Guide
AGENCY: SHIELD OF ARMOR: Comprehensive Final Exam Study Guide To find the applicable content within the course: Click the "TABLE OF CONTENTS" button in the upper right corner. Then click on the applicable
More informationPRACTICAL APPLICATIONS FINAL EXAM
PRACTICAL APPLICATIONS FINAL EXAM 1. According to Commission Rules, who is responsible for the closing statement as it applies to the party with whom the brokerage relationship has been established? a)
More informationLegislative Guide KBRLegal.com North Military Trail, Ste. 200 Palm Beach Gardens, FL Tel:
Legislative Guide -2018-1200 Park Central Blvd South, Pompano Beach, FL. 33064 Tel: 954.928.0680 9121 North Military Trail, Ste. 200 Palm Beach Gardens, FL. 33410 Tel: 561.241.4462 KBRLegal.com 1. Condominium
More information1. PURCHASE PRICE: The purchase price of said Premises shall be the sum of $ which shall be payable as follows:
PURCHASE AGREEMENT The undersigned Buyers (hereby referred to as "Buyer", whether one or more) hereby offers to purchase from BOARD OF LAKE COUNTY COMMISSIONERS hereafter referred to as "Seller", all of
More informationROGER K. SHERRILL, R.E. TUTOR, ALL TRUE NEVADA LAW
1 ROGER K. SHERRILL, R.E. TUTOR, ALL TRUE NEVADA LAW The Division CANNOT step in and take control of a broker s trust account without a court order. They must pursue an injunction by court action. Salespersons
More information$130, /- Acres. Iredell County, NC REDUCED. National Land Realty 233 South Sharon Amity Road Suite 200 Charlotte, NC
harmony@chicken house@f@farm@land 5 +/- Acres Iredell County, NC $130,000 REDUCED National Land Realty 233 South Sharon Amity Road Suite 200 Charlotte, NC 28211 www.nationalland.com Gloria Main Office:
More informationVA CONTRACT INSTRUCTIONS
VA CONTRACT INSTRUCTIONS VA Offer To Purchase And Contract Of Sale The VA OFFER TO PURCHASE AND CONTRACT OF SALE is the only contract accepted. It must be filled out completely and correctly in order to
More informationFebruary 22, RFQ No. 1 California WaterFix Real Estate Services ADDENDUM NO. 2
February 22, 2018 RFQ No. 1 California WaterFix Real Estate Services ADDENDUM NO. 2 This Addendum is meant to address Questions and Answers to the Real Estate Services Request for Qualifications (RFQ)
More information2015 Nuts & Bolts Seminar Coralville (Eastern Iowa)
2015 Nuts & Bolts Seminar Coralville (Eastern Iowa) TRANSACTIONAL TRACK Real Estate 1:30 p.m.- 2:45 p.m. Presented by Matt Hektoen Simmons Perrine Moyer Bergman PLC 115 Third St. SE Ste 1200 Cedar Rapids,
More informationLICENSING LAWS IN THE US
LICENSING LAWS IN THE US NANCY SUVARNAMANI Appropriate RE Licensing Law for Thailand, Bangkok, Thailand on July 7, 2018 Nancy Suvarnamani, ABR, CDPE, CIPS, CRB, CRS, RSPS, TRC nancy@century21sgr.com 2017-2018
More informationReal Estate Procedures for Registered Online Bidders
Real Estate Procedures for Registered Online Bidders 1. Download forms and complete information once this is done. Mail these form and funds to: 1008 North Main, Anderson, S.C. 29621 Attention: Online
More informationREAL ESTATE PURCHASE AND SALE AGREEMENT
REAL ESTATE PURCHASE AND SALE AGREEMENT This is a legal document; please read it carefully Kennewick, Washington September 19, 2014 Received from (Buyer the sum of Dollars in the form of check(s) for $
More informationDel Val Realty & Property Management
Property Management Agreement Checklist Please read the agreement carefully and ask questions, if needed Initial the bottom of each page and sign the bottom of page 5 Review section 13 (page 5) and let
More informationBID PROPOSAL FORMS FOR THE SALE OF REAL PROPERTY LOCATED IN THE CITY OF CORONA IN THE COUNTY OF RIVERSIDE
150813 BID PROPOSAL FORMS FOR THE SALE OF REAL PROPERTY LOCATED IN THE CITY OF CORONA IN THE COUNTY OF RIVERSIDE Bid Proposal to Purchase Real Property February 5, 2013 11:00 a.m. This Real Property is
More informationSales Associate Course
Sales Associate Course Chapter Eleven Contracts Copyright Gold Coast Schools 1 Elements of a Valid Contract Lawful subject Must have a legal purpose to be enforceable Copyright Gold Coast Schools 2 Elements
More informationDear Agents, Hardcopy: 2007 Vermont Ave NW; or. Fax:
2007 Vermont Ave NW Washington, D.C. 20001 OFFER INSTRUCTIONS Dear Agents, Thank you for taking the time to prepare an offer for our listing. To ensure that we have all the information we need to present
More informationEXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS
Greater Central Louisiana REALTORS Association, Inc. Multiple Listing Service EXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS The undersigned owner(s) exclusively lists and places with the undersigned Real
More informationCWCOT. REO ID: Property Address: Listing Agent: Brokerage Company: Buyer s Vesting: Buyer Contact: Buyer s Broker/Agent: National Title Vendor:
CWCOT REO ID: Property Address: Listing Agent: Brokerage Company: Bid Amount: Buyer s Premium: Total EMD: TOTAL Purchase Price: Buyer s Vesting: Buyer Contact: Buyer s Broker/Agent: National Title Vendor:
More informationBUSINESS PROPERTY LEASES
What is a lease? Freephone 0800 083 8018 BUSINESS PROPERTY LEASES 1 FACTSHEET 3 (2018) A lease is a legal agreement, drawn up in writing, which allows you to occupy and use a property for a certain length
More information(Otherwise Known As the Lease)
Chapter 3 THE RENTAL AGREEMENT (Otherwise Known As the Lease) A lease is a contract containing promises between you and the landlord. There are two types: a written lease and a spoken or oral agreement.
More informationTHIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING.
THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. AUCTION CONTRACT TO BUY AND SELL REAL ESTATE This Auction Contract to Buy and Sell
More information