The Basics: General Contract Knowledge

What is a contract?

In real estate, a contract is a written agreement between two or more parties to convey an interest in real property for consideration. A contract may...

Offers & Counteroffers

You are obligated to present all offers and counteroffers in a timely manner, unless directed otherwise in writing.  It is not up to you to...

The Commandments

Memorize these Commandments and keep them close to your heart: 1. There are no “real estate emergencies”: Every time an agent calls in a panic, with a deal...

Legal Holidays & Contracts

What is a “Legal Holiday” in Florida? This is an important question and one on which few people, including real estate agents and attorneys, are...

Appraisals

When a buyer obtains a loan, the lender (not the buyer) will order an appraisal to determine the property’s value for the loan. Though appraisers...

The Financing Contingency & Deadline: WRITTEN Notice is a Must

This is a very important clause in the contract. The loan approval deadline is a crucial date that you need to pay attention to note...

Getting Help with Contracts:

Believe it or not, I feel deeply about giving our best to the people who entrust us with their real estate deals (both buyers and...

Bidding Wars:

Once in a while you end up in the unusual situation of having more than one Buyer or tenant bidding on a single property. Although...

Special Assessment Clause:

The “standard” language in typical sales contract Association Riders is one of the most frequent causes of disputes, failed transactions and bad-will. Generally, these clauses, whether in...

Sales Procedures

The formation of an executed contract for sale is the beginning, not the end, of your work as a real estate agent. The regrettable attitude...