March 19th, 2018 at 12:55 pm
Question: Last week you addressed how we cannot pay a commission to an attorney representing a buyer. What if an attorney merely refers to me a client — either a buyer or seller? Can I pay the attorney a referral fee? (more…)
March 12th, 2018 at 1:58 pm
Question: I am the listing agent. An attorney representing the buyer wants me to pay him the 3% commission listed in the MLS. He does not have a real estate license, and no one will be the buyer’s agent. The attorney claims that, as an attorney, he is exempt from the real estate licensing requirements. Can he receive a real estate commission? (more…)
March 5th, 2018 at 1:51 pm
Question: I am the listing agent. We received an offer from a buyer represented by an agent from another company. The buyer’s agent included in the offer package his Possible Representation of More Than One Buyer or Seller (PRBS). My seller refused to sign his PRBS because he is not the seller’s agent, plus the seller had already signed my PRBS when we entered into the listing agreement. The seller accepted the buyer’s offer. Now the buyer’s agent claims that we don’t have a valid contract unless the seller signs his PRBS. Is the buyer’s agent correct? (more…)
February 26th, 2018 at 9:02 am
Question: I am the listing agent for a pending sales transaction. Without any warning, the seller decided to cancel but had no right to do so. The buyer is threatening to sue for specific performance. What does that mean? (more…)
February 19th, 2018 at 8:54 am
Multiple Choice Question: I know we must include our license number on all our marketing materials, including business cards, print ads, social media and even For Sale signs. I also know that CalBRE will revert back to the Department of Real Estate (DRE) starting July 1, 2018. What acronym should accompany my license number in my marketing materials? Pick the best answer:
A. CalBRE or BRE until June 30, 2018, then DRE.
B. CalBRE, BRE, or DRE.
C. RE Lic. #.
D. All of the above. (more…)
