The listing agent may want to quickly advertise that the property has “sold” or is now under contract. And in some cases – particularly in today’s hyper-competitive market – the buyer’s agent may want to advertise the same thing to show other potential clients that they’ve successfully gotten a client’s offer accepted. How can agents advertise a “sold” property prior to actually closing the transaction?

If a seller dies pre-listing or in the middle of a transaction, the answer isn’t always simple.

A new PAR Commercial Property Management Agreement (Form CPMA) became available to members on July 1. 

New and revised forms include the Seller’s Property Disclosure, the Appraisal Contingency Addendum, the COVID-19 Property Access Notice and the Commercial Property Management Agreement:.

On the hotline, we really appreciate everyone working to keep it moving efficiently. Not only is the market insanely busy for all of our members, it makes the hotline that much more busy.

When the market gets hot, buyers focus on what they can put in an offer package that someone else cannot. That leads to considering writing what some people call a love letter, a letter drafted by the buyer to the seller explaining why they think they are the right buyer for the property. The love letter has a lot of different potential issues, which can vary depending on what side of the deal someone is on.