For those of you who are not quite sure what this means, here’s an expanded explanation in a commercial Offer: “Purchaser’s Acknowledgements 10 (a) “As Is” and “Where Is”: The …
“As Is, Where Is” Explained
“As is, where is” is a rather strange expression. I understand the “as is” part, that means the condition of the object of the agreement. It will not change before …
Schedule “B” Use
Schedule “B”s are used by Listing Brokerages to add some standard provisions to an Offer. Really, they should be restricted to interest upon the deposit which will be held by …
Listing Agent under Cross-Examination
The Listing agent decides to commence an action against his client for commission. The listing didn’t go well and the property didn’t sell. The Listing agent did next to nothing …
Agent Signing for Client
Question: Can a Realtor sign paperwork related to listing and/or buying/selling real estate on behalf of their buyer or seller if the client asks/directs them to? Answer: I suppose it …
Deposit Delivery: Buyer Becomes Ill
Question: Seller just accepted an offer on Friday night (of a long weekend). The Buyer’s agent texted me this morning saying his client hurt her leg on the stairs and …
ntoxicated Agent
Question: It has come to my attention that there are realtors who are alcoholics. If you suspect a realtor of being drunk while signing a deal what are the legal …
Limit the Liability on the Purchaser
We previously looked at a very straightforward situation. The husband and wife are trade up Buyers. They wish to sell their $1 million dollar property and buy a $2 million …
Limit Liability for Husband and Wife as Buyers
We have a very straightforward situation. The husband and wife are trade up Buyers. They wish to sell their $1 million dollar property and buy a $2 million dollar property. …
Seller Sues on Two Transactions
The Seller will sue the defaulting Buyer both on the sale and on the purchase. Why should the Buyer get stuck with damages on the second deal? Wasn’t that the …