ARCHIVED BLOG POSTS
2011
5
Comments
One of the most effective risk-management tools available to licensees is a home inspection. The inspection is intended to disclose defects in a building that buyers, sellers, and real estate licensees have missed. It is better to identify problems before the closing so the parties can negotiate ...
10/18/2011
0
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All licensees are presumed to be working as transaction brokers unless they have entered into another brokerage relationship with a customer. Because of this legal presumption, the licensee need not provide a brokerage relationship notice to the customer. A transaction broker provides limited rep...
10/18/2011
The initial real estate license expires on the first of two dates after 18 months have elapsed following issue: March 31 or September 30. A sales associate must successfully complete a 45-hour sales associate post-licensing course before the first renewal. A new broker must complete 60 hours of b...
10/18/2011
5
Comments
"A picture is worth a thousand words" is a timeworn expression because it is true. Sellers who review CMAs with licensees often have difficulty visualizing the comparable properties. The licensee who provides visual data can make a clearer presentation, and that may result in more realistic prici...
10/18/2011
0
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Federal law requires that: Sellers and landlords must disclose to prospective buyers and tenants the presence of lead-based paint in residential property built prior to 1978; An EPA pamphlet regarding the danger of lead-based paint must be given to buyers and tenants prior to the sale or lease of...
10/17/2011
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Prospective buyers of residential property must be presented a disclosure summary concerning ad valorem taxes before or at the time of execution of the contract for sale. The purpose of the disclosure summary is to caution prospective buyers that they cannot rely on the amount of the seller's pro...
10/17/2011
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Most buyers purchase real estate with the expectation that its value will increase, and they have been rewarded when the anticipation proves to be correct. In inflationary times, the anticipation of higher prices creates a multitude of buyers, driving prices higher than can be supported for long ...
10/17/2011
1
Comments
As computers have become more important in every phase of the real estate business, software programs help make impressive presentations to buyers and sellers. Many of these programs are formatted to print out an entire listing presentation to the sellers, tailored to their specific needs. In man...
10/17/2011
0
Comments
Any improvement to a property, whether to vacant land or a building, is worth only what it adds to the property's market value. An improvement's contribution to the value of the entire property may be greater or smaller than its cost. A licensee's opinion should be governed by a feature's contrib...
10/17/2011
1
Comments
A licensee involved in the listing or sale of a property should not prepare an appraisal for that property. A licensee may give an opinion of value when making a prospective sale or taking a listing. This opinion of value may not be referred to as an appraisal or a certified appraisal because th...
10/17/2011
Rainmaker
2,487,272
2,487,272
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School / Owner and Instructor