June 15th, 2020 at 1:12 pm
Fact Pattern: You are the listing agent. You receive an offer from a buyer who is working with a buyer’s agent from another brokerage. The buyer’s offer includes the C.A.R. Coronavirus Addendum or Amendment (CVA) (revised 4/30/20), but none of the boxes on the CVA form have been checked.
Multiple Choice Question: What should you do in this situation? Pick the best answer:
A. Ask the buyer’s agent to resubmit the offer with the appropriate boxes checked.
B. Advise the seller to reject the buyer’s offer.
C. Advise the seller to counter the CVA out.
D. Advise the seller to leave the CVA as part of the final agreement, given that paragraph 1 of the CVA, which has no checkboxes, does provide helpful information about the coronavirus pandemic anyway. (more…)
June 8th, 2020 at 11:47 am
Question: I am the buyer’s agent. I’d like to show my buyer a new listing that just came on the market. The listing agent works for another company. My buyer and I both signed the C.A.R. Coronavirus Property Entry Advisory and Declaration – Visitor or PEAD-V form. I forwarded the signed PEAD-V to the listing agent as requested. The listing agent, however, has flatly refused to allow us entry into the property unless I also provide my initials as an acknowledgment of receipt at the bottom of the form. What should I do? (more…)
June 1st, 2020 at 12:45 pm
Question: I am the listing agent. The sellers want to allow showings to principal buyers, but not to their under-aged children. Aside from COVID exposure, the sellers are concerned about children potentially breaking or damaging the sellers’ things. Can we restrict access to children? What if one of the sellers has a preexisting health condition that puts them in a COVID high-risk category? (more…)
May 25th, 2020 at 12:36 pm
Question: I have a new listing. We received an offer from buyers who may be members of the military, because they are going for a VA loan. Much to my surprise, my seller said that he is a pacifist and he will not sell to anyone in the military. What should I do? (more…)
May 18th, 2020 at 12:51 pm
Question: I just got a new listing to sell a home that is currently occupied by a tenant. I spoke with the existing tenant who flatly refuses to allow anyone to enter the property at any time, or to even just view the property through a virtual method. The seller says it’s my responsibility to deal with the tenant. What should I do? (more…)
