Jameson Stone, legal counsel for the Greater Harrisburg Association of REALTORS®, provides a legal column to our membership.
Who in the world signs an agreement of sale promising to sell a home then suffers a change of heart and refuses to budge? It happens, or at least is threatened, many more times than you might expect. And who are these seller‐offenders? Many times they are older sellers who have lived many, many years in the homes they are selling…
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It has been almost 17 years since Act 112 of 1998 became law authorizing real estate licensees to act as dual agents in a real estate transaction. During that time, I have consistently heard real estate licensees tell me that they “must” become a dual agent when an unrepresented buyer wishes to make an offer on one of their listings…
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Dual agency has been around long enough now that we see how it is working and whether it’s causing hardships for those who practice it. Here are few tips regarding dual agency issues that are either overlooked or not handled cleanly enough. The law requires that buyers and sellers consent to dual agency before it may be practiced…
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A FSBO, or for Sale by Owner, is objectively a seller who is marketing his/her real estate without the assistance of a licensed real estate broker. Subjectively, we think of a FSBO as cheap and not wise enough to know what he/she does not know about the marketing and sale of real estate. You, my readers…
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“Need to sell your house fast?” “We buy homes in [your town], PA for cash.” “We buy properties! Divorced? Bankrupt?” “We buy ugly houses.” Sound familiar? You have read these statements on signs on telephone poles, on the internet, and who knows where else. The outfits who post these are also the subject of a number of HotLine calls…
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