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16 February 2012 | 11 replies
If through a listing broker it will depend on what the listing broker entered on the MLS and MLS rules.In Georgia for instance on FMLS if as a broker you screw up and enter commission wrong,mistake things etc. you can be on the hook for the commission or lose access to the MLS.MLS's are sometimes controlled by REALTOR associations and other times are private entities that are non-profits or for-profit organizations.Also the brokers/agents involved it would matter if they were REALTORS or not.Generally your state's real estate commission does not handle commission disputes.They only care about license laws.The agent can argue procuring cause with the other agent but it should not stop your sale.Simply you would close and get your proceeds and the commission in question would be froze until a solution was given and signed in writing or a court order.There are so many variables to this and it is state specific.Procuring cause is a chain of events leading up to a sale of a property.If the chain is broken generally the broker/agents is not due a commission.The moral of the whole story is the buyers agent needs to learn how to protect themselves in the future.I am not going to court to get my agents commission when I only charge them a 300 flat fee as a broker.No legal advice
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10 February 2012 | 1 reply
There have been some poorly done rehabs in the neighborhood I am working in and unfortunately anything can qualify as remodeled...including homes with stained carpet and 12 broken windows...ugh!
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13 February 2012 | 18 replies
Here's a link to the IRS that discusses real estate basis http://www.irs.gov/publications/p551/ar02.html#en_US_2010_publink1000256941Thanks Justin.From their publication, it sounds like you can only add capital improvements to the basis, not things like replacing broken doorknobs, AC handlers, or redoing the floor, etc.I haven't really had to do any capital improvements so far.
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17 October 2012 | 55 replies
Tenants complaining about a broken stove when its stopped working because the grease build-up on the burner was not cleaned since the unit was rehabbed.
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19 February 2012 | 27 replies
Looks like my link is broken, but the chart I tried to show was 1985 to present.
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19 February 2012 | 9 replies
I tried to invite a buddy yesterday and the invite link it broken.
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20 August 2013 | 15 replies
However, we didn't factor in closing costs, delays and commissions.If we had sold for 95, after everything was said and done we probably wouldn't have even broken even.However, once we were finished with the job, we realized it was such a beauty that we listed it for 130.
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15 January 2013 | 1 reply
Things get broken, especially if you're renting to active families.- Wherever you list your property, make the listing accurate.
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23 January 2013 | 6 replies
Starting out with things broken never works.
15 January 2013 | 6 replies
I have seen MANY friendships broken due to working together.