Any house that’s constructed of wood — either outside or inside — could potentially be infested with termites or other wood-destroying insects. Following a few key steps regarding inspections and disclosures can help ensure your clients are protected.
It’s natural to want to help your friends and relatives buy or sell a home. But just because you’re close doesn’t mean that you can take any shortcuts in the sales process. A transaction for a friend or relative requires the same care that you’d give any other deal.
It’s not surprising, considering their mind–set, that appraisers react negatively when it’s suggested an appraisal should be revised. However, there are ways to approach a low-appraisal situation that are both legal and likely to produce results.
Internal Revenue Code section 1031 exchanges are increasingly being used by savvy residential investors to defer capital-gains taxes. Understanding these common misconceptions about the like-kind exchange will help keep you and your client out of trouble.
Whether you own a real estate brokerage, work for a broker as an independent contractor, or invest in or manage real estate for yourself or others, you need to protect yourself from lawsuits, unforeseen debts, unintended commingling of funds, and other potential financial disasters.
Your business plan is to offer gift cards for a home-improvement retailer or commission rebates. Yet, depending on the jurisdiction, you may be prohibited from or limited in the offers you can make to consumers, finds a new study.
Procuring cause acknowledges that to earn a commission a broker or a salesperson doesn’t have to be present when the buyer and the seller ink the deal. Rather, brokers need only show that they initiated an unbroken chain of events that resulted in the deal between the buyer and the seller.
Debate over limited-service business models is passionate, so much so that the issue is a source of legislative activity in some states. The newness of the business model also means there’s little case law to guide transaction participants.
Protecting yourself from potential lawsuits arising from your transactions is probably not even on your radar. Yet in an increasingly litigious real estate industry, you can’t turn your back on legal considerations if you want to prosper.