Real Estate Dispute

By
Real Estate Broker/Owner with Jim W Hildreth Real Estate Brokerage & Mediation Services 00569218

July 26th 2008 by Jim W Hildreth Real Estate Mediation Services

As a real estate mediator who's specialty is mediation involving real estate disputes is always important to disclose disclose, disclose.

In California there is the Transfer Disclosure statement, the supplemental disclosure and the seller questionnaire.

The seller and agents have a duty to disclose.

As an example on a recent mediation the sellers did not disclose that a home had a history of plumbing problems involving roots. Major repairs had been done and over the years ongoing roto rooter plumbing repairs had been made.

Within day's of a new buyer purchasing the home, major back up of sewage occured.

The same household seller reported the furnace to be new, in fact it was ten years old.

The same property had and has retaining wall issues.

A mediation is ongoing, if the parties cannot settle, this will go to binding arbitration.

The winners will be the attorneys if it goes to the next phase.

All three items could have been easily disclosed to the buyers prior to close of escrow.

Jim W Hildreth

Real Estate Mediation Ser4vices

www.Realestatemediation.org

(209) 536-1103

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
RE/MAX Active Rain Bloggers

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
78,168
David Slavin
Keller Williams Premier - Katy, TX
CDPE, ABR, SRES Keller Williams Premier

I always tell my sellers that if they are questioning if they should disclose something, my answer is YES!  Always disclose everything no matter how minor the seller thinks it is... it will be major to the buyer.  Disclose EVERYTHING!!!

How do you become a real estate mediator?  Does it pay well?

Jul 26, 2008 09:50 AM #1
Rainmaker
29,875
Jim W Hildreth
Jim W Hildreth Real Estate Brokerage & Mediation Services - Sonora, CA
Real Estate Mediation Services

David- Thanks for your valued comments, I went back to College and UC Berkeley offered a certificate program, I then did one year of pro-bono in the Alameda County Superior Court gained loads of experience, that was 2.5 years ago. I continue to build my mediation practice and sence it will take about 5 years. Being a non-attorney has some challenges on the other side, I have 32 years of Real Estate Brokerage experience.

I have done around 55+ Mediations and the majority have settled with written agreements.

I'm making progress as I was just appointed as a civil Mediator for two Superior Courts.

The pay is based on an hourly rate, depending on location, time etc.

My website is www.RealEstatemediation.org  and practice from the Mother Lode Sonora to the central valley and the Bay Area.

I could not agree with you more its so easy to disclose.

Jul 26, 2008 10:28 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
29,875

Jim W Hildreth

Real Estate Mediation Services
Ask me a question
*
*
*
*
Spam prevention

Additional Information