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MATERIAL FACTS (layman talk)

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

We all know what a fact is. A statement based on truth will suffice. Imagine or picture someone saying to another "isn't it a fact" and then making a statement? It requires an answer or the point stands as fact. Fact is where it all ends up but what to do with facts? They have a purpose and a place and that's a a fact!

FACT DRIVEN

In relationships, we don't formalize them by stating fact but we do practice honesty, sincerity and being open and inviting. In that realm, we expect and even nurture what takes place to be based on facts but not stated formally as such. Isn't it a fact that you like me and I like you? This is not necessary but instead, understood and acted or lived out in the acceptable, open and honest ways of the human

GERMANE (pertinent)

Lets bring the word "material" into it. Think relevant and necessary to the cause or case in hand or on point that the reason coming together is based on. This "material" is the foundation to either continue or terminate. It is a pivot point or the core matter of which someone comes to depend & expect to go on

WHATS GOING ON HERE?  (literally)

In Real Estate, when you are discussing binding agreements with large amounts of money, we summon into existence without hesitation or further adieu what is necessary to be known the sooner the better too. If one doesn't like what is revealed, there is no reason to further it along. Get to this right away!

DEAL-KILLER?

Furthermore, a material fact when introduced in Real Estate is the basis for many a legal dispute because it wasn't brought up. The standard statement by someone who sues goes like this; I would not have moved forward if I knew this. If the court agrees, then that means a material breach took place

SELL BUT TELL

The core, center or main point or crux of the subject matter is the material for the breach i.e. that one of the parties did not receive the substantial benefit of the bargain or deal. This is linked to disclosure, diligence and qualifies well for a lack of material facting.

LETS SEE IT

Back to relationships. If one wants to build an intimate, rewarding and long-term connection, then it is wise to build it on a honest beginning where what is relevant to starting out a significant interaction is never tabled, but put on the table, in clear view & sight. Continuation past that is considered acceptance

HERE'S A GOOD "TIP" (?)

How about in product purchase or usage? Many products can be used other for what they are intended and the manufacturer has to disclose this fact up front. For a good example, consider the Q-TIP. It is designed to swirl around and about the ear and areas but it also perfectly fits into the ear. Thus the material, must know fact is...DO NOT INSERT IN THE EAR! This relieves the one party from the other

LET THE USER BEWARE

In prescription medicine, lawsuits and deaths have resulted in standard disclosures when actually handing a drug to another for use. The doctor will go on record and verbally instruct and the dispensing party will give in writing all that is known in regards to using the drug. Then, caveat emptor is on user

THE LAST THREE SECONDS

If you have ever listened to pitches on radio or TV, at the very end is a quick, succinct and mandatory disclosure  rambled off that while you cannot remember word for word what was said, the courts have deemed it sufficient for you to investigate before going any farther. In other words, it was disclosed. But all I heard was mumbo-jumbo says the innocent party. That is admittance of the point

I NEVER SAW THE PLACE?

In rentals, if there is no handicap access, pets allowed or the residence cannot support more than so many people, this is considered relevant to the person wanting to rent way in advance of putting money down and signing paperwork. In every successful rental contract, it is implied and expressed that the property was seen, visited and inspected. Renting a site unseen doesn't hold up well for a defense btw

ON POINT WITH THIS

If there is something, that is not normal or expected or suspected involving another party which involves personal or professional interaction where a potential harm or damage can result in some way, it must be on the forefront of whatever is taking place and right away for every ones sake

Failing that, the breaching party takes the blunt of it all. Don't attend or be the life of that "party" but instead, don't be a party to it at all

Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

So as I read this, it began to occur to me that there are many material facts that have nothing to do with houses or condos! 

Dec 28, 2015 11:24 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Patricia Kennedy ..yes dear lady. This dynamic never ceases

Dec 29, 2015 12:06 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Richie - the fine print will kill you every time.  Or the high speed rambling at the end of a commercial.

Dec 29, 2015 01:47 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Grant Schneider ...two real at work "kill zones" mentioned by you. Thank you

Dec 29, 2015 02:22 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love your post. I hope consumers will read it. I also love Grant's comment.

Dec 29, 2015 08:34 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello  Gita Bantwal Grant Schneider ...knows his stuff as we all should...yes?

Dec 29, 2015 09:43 PM
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Disclosures, disclosures; sounds like a TRID presentation Richie Alan Naggar .   We all have to do them in proper form and time.

Jan 05, 2016 07:29 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Deanna Early ...good of you to stop in....best dear lady

Jan 05, 2016 08:11 AM