Closing is scheduled for tomorrow morning and everyone is excited to finalize the deal. You suddenly get a frantic call from your seller who explains they were about to leave the house with the last few boxes when a torrential downpour blew through the area and they now have an inch of standing water in the basement. Now what do you do about the closing in the morning?
Beginning July 1, all of the agreements should have the following elements to them, where applicable: fixtures and personal property, inspection limitations and reports and the Internet of Things and recordings.
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.
The Residential Lead-Based Paint Hazard Reduction Act of 1992 requires certain property sellers and lessors to disclose the known presence of lead-based paint, and also places a burden on agents to ensure compliance with the regulations.