Real estate investors selling residential rental properties often prepare a tenant estoppel as a disclosure document for potential buyers to review. Here is a question from one of our social media followers that illustrates the role of estoppels in real estate sales: “I’m selling a rental home and the buyer asked for a tenant estoppel […]
Beware of Personal Property In Real Estate Sales
Whether buying a home, land or commercial building – beware of personal property in real estate sales. Items that transfer from seller to buyer are referred to as either “real property” or “personal property.” Real property is the land itself and the improvements built on it, such as a house, garage, barn, swimming pool, or […]
Weekly Real Estate Question: Who Signs “Reviewed By”?
Real estate brokers and office managers are responsible for reviewing contracts originated by real estate agents who work under their supervision. This week’s real estate question regarding the Reviewed by signature block on standard real estate forms relates to an important facet of that supervision. “I see a ‘Reviewed by _____’ signature block at the bottom of […]
Weekly Real Estate Question: Is A Buyer Representative Agreement Required?
Many real estate brokers ask buyers they work with to sign a Buyer Representative Agreement. It’s a standard form and commonly used, but is it required? This week’s real estate question: “I met with a real estate agent to see if they could help me purchase a home. The agent said I had to sign […]
