For a quicker overview when examining mutliple markets quickly, I recommend checking out hostscouts.com/cities.

Seller has examined the information contained on this Data Input Form, which is attached to and made a part of the Listing Agreement and warrants that it is true and correct according to the Seller's best knowledge."

One of my clients had an issue that took months in court, expert witnesses, full title examination because the neighbor's mortgage company disputed it even though the neighbor agreed. 

Reading the SAFE Act carefully you'll see that there are two issues afloat, reserve requirements, bonds, accounting, examinations are all things banks screamed about when the first broker opened his door, banks were required to do all these things and brokers were not, so yes I'm sure they felt the playing field wasn't all that level.

Examining the T-12 operating statement is necessary for this purpose, since it gives comprehensive details on previous expenditures and aids in estimating future expenditures as the new owner.Verify that there are no omissions or contradictions in the statement.

At that time, RCA’s general contractor was given access to examine the units to pre-order all the materials needed for the 4 apartment renovations.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

Congratulations on passing your exam!In

My guess is there will be dozens, hundreds, or thousands of case studies to examine a few years down the road to use 20/20 hindsight to evaluate outcomes.On your second question about extending grace vs being tough: that also depends.

Although the legislative history is different, it's helpful in this situation to examine that case law body.I believe the courts today would agree with and implement a functional equivalence test that examines state law, the operating/partnership agreement, and defacto treatment and actions of the member/partner.