James Goldsmith, Esq. is an attorney with Mette, Evans & Woodside and serves as outside counsel to PAR. A substantial portion of his practice is dedicated to providing advice and counsel to real estate licensees. He and his firm represent and defend real estate salespersons and brokers in civil lawsuits and licensing claims across the commonwealth. Jim also defends Realtors® in disciplinary hearings conducted by the Real Estate Commission.
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.
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.
As a Realtor®, can you sell a mobile home? Does a seller’s agent have to provide the Consumer Notice and the Statement of Estimated Closing Costs to the listing agent? Recent calls to the hotline yielded answers.
In a recently published opinion, the Pennsylvania Superior Court ruled in the case E.S. Management v. Yingkai Gao, et al. that a residential landlord violated Pennsylvania’s Landlord and Tenant Act by requiring tenants to pay a security deposit equivalent to two months’ rent and advance payment of the last month’s rent (discounted by $200.00).