Updated Listing Contracts Coming July 1
PAR’s three listing agreements – for commercial, residential rental and residential sale – are getting some minor updates on July 1.
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Updated Pennsylvania Sales Agreements Coming July 1
All five of PAR’s standard sales contracts – commercial, manufactured housing, new construction, residential and vacant land – will be updated as of July 1.
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Qualified Associations: What Realtors® Need to Know
Has someone told you that it would be a good idea to set up an LLC for your real estate business?
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One Size Fits Most
Before you use any of PAR’s standard forms, ask yourself: Is this the proper use of this form?
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(Business) Relationship Problems
When the buyer-seller relationship is beyond saving and the parties can’t seem to agree between themselves who is going to get to keep the deposit, then mediation may be a reasonable option for resolving the dispute.
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Who Writes These Things, Anyway?
If being part of the production process of standard forms interests you, there are two task forces currently looking for more volunteers.
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Sexual Orientation, Gender Identity Protected Classes in Real Estate
In Pennsylvania, several municipalities prohibit discrimination based on one’s sexual orientation or gender identity, as does the Realtor® Code of Ethics. However, this interpretation of the Fair Housing Act means that these protections are now the law of the land and applicable to most real estate transactions, regardless of the location and Realtor® involvement.
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Your Appraisal Woes… Solved?
PAR already has an Appraisal Contingency Addendum to the Agreement of Sale (Form ACA), which allows a buyer to terminate the agreement if the appraisal doesn’t hit a specified value. But member feedback indicates that parties are often trying to write in stronger language to keep buyers in the deal. This new revision addresses that issue by expanding the form with a second buyer option.
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New and Improved Seller’s Property Disclosure Statement
Although it may seem at first glance that there are many changes to the form, most of the new language you’ll see is a clarification of current questions and not the addition of new ones.
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Code Violation or Petty Annoyance?
There are many petty annoyances that are not the height of professionalism, but probably don’t rise to the level of a code violation.
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