Recently, the President of my brokerage, REAL, created a video explaining the changes to the real estate world. As a buyer or seller of real estate, this video can help to address some questions or concerns you may ha...

Two percent for the listing agent is fair.With the new flexibility due to the NAR settlement, I wouldn’t, as a seller, offer to pay the buyer’s commission and have the buyer pay the buyer’s commission.

I would recommend that you file the loan at closing, meaning, reflecting on your settlement statement. 

Today, I wanted to chat about something that's been a major topic of discussion in our industry—the recent NAR settlement and its potential impacts on real estate agents.For those who might not be fully up to speed, the National Association of Realtors (NAR) recently reached a proposed settlement agreement related to broker commissions.

Seller Financing 93% of deal, brought 7% cash at settlement.

@Misook FoleyTypically a bank will not release one of the lien holders and a refinance would be necessary.As part of the settlement agreement the court may order the property and or the debt to one of the parties but again that name is not releasedOther factors do come into play such as what state it was in as some states have different laws regarding equitable interest etcI would speak to your divorce attorney about this and see what can be done

So, hence my interest in trying to buy the redemption rights to anticipate the settlement of the deed.

All money spend after the sale of the property should be posted to Profit & Loss.And yes on the day of the sale you transfer the pruchase price, loan cost, settlement cost, imporvements to Profit & Loss. 

Furthermore navigating the new NAR settlement rules have been a little challenging through all this as well.  

You may get a settlement instead if their gross negligence is obvious to the insurer.