PAR Service
Buyers beware!

Recent arrests in Philadelphia broke up an alleged scam where “sellers” were selling homes they didn’t actually own. Read how the recently approved PAR Multicultural Strategic Plan might help change that in the future.

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PAR Service
Transferring licenses and its effect on pending deals and listings

A recent Legal Hotline caller was concerned with what would happen to her pending listings and executed Agreements of Sale that had not yet settled when she transferred her license from Broker #1 to Broker #2. Can she take the listings with her to Broker #2? Is she entitled to a commission for those deals that settle after she leaves?

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PAR Service
Short sales…Long transactions

As we end 2008 and look back at this turbulent year, one of the defining terms of the year has to be “Short Sale.” Nobody is happy that many homeowners have found themselves in a position to need to sell their homes for less than their outstanding mortgage debt, but at the same time, this wave of potential transactions has created a niche market that can be well served by REALTORS® who have done their homework and know how to make a short sale happen.

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PAR Service
Switching brokers and taking sellers

The salesperson seeking to move his license to a different broker “plans”. In the opinion of the broker, he “plots”. Either way, the move is timed to enable the salesperson to reap the reward of past effort, if not more. It can also be a time of accusation and recrimination. Out of this cauldron, come some difficult ethical dilemmas.

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PAR Service
It's not really cheating if I feel good about it, right?

The Josephson Institute recently released its 2008 report called “The Ethics of American Youth.” A few tidbits from an AP article describing the report:
The survey found that 35 percent of boys and 26 percent of girls — 30 percent overall — acknowledged stealing from a store within the past year. One-fifth said they stole something from a friend; 23 percent said they stole something from a parent or other relative….

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PAR Service
It’s not really cheating if I feel good about it, right?

The Josephson Institute recently released its 2008 report called “The Ethics of American Youth.” A few tidbits from an AP article describing the report:
The survey found that 35 percent of boys and 26 percent of girls — 30 percent overall — acknowledged stealing from a store within the past year. One-fifth said they stole something from a friend; 23 percent said they stole something from a parent or other relative….

 Read More