Mediation: Is it binding?

The standard residential agreements of sale mandate that buyers and sellers “will submit all disputes” arising from those agreements to mediation.

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Fessing up

Of the common mistakes in residential sales, none occurs more frequently than the failure to abide by timelines, specifically those found in the inspection contingencies. If there is a time limit, someone will miss it.

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A question of coverage

I always suggest that an insured broker/agent submit a claim to their E&O insurer. It is risky not to do so because even the smallest claims can cost more to defend than imaginable and damages have a way of aggregating as time passes.

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Is my office my office?

A licensed office must be “devoted to the transaction of real estate business and be arranged to permit business to be conducted in privacy.”

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