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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
14 February 2012 | 11 replies
How do I ask my lawyer, in legal terms, what kind of contract I need?
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12 February 2012 | 23 replies
I'd also include professional fees..accountant and legal as well and a monthly repair and maintence exp as well.
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17 October 2012 | 55 replies
Ill work out all the legal issues and be careful not to accuse anyone but it will be more or less known whats happening. the most prevalent crime here is prostitution..so ive got some good ideas on how to keep the customers away and make it a little humorous for the residents at the same time.
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14 February 2012 | 7 replies
I am not one and I do not know the legalities of this.
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30 April 2013 | 12 replies
Nothing for vacancy, long term capital (even if its rehabbed, if you plan to hold for 20 years you'll buy roofs, furnaces, ACs and other pricey items), routine maintenance, make ready costs between tenants (some, but not all, may be covered by security deposits), legal expenses, lengthy evictions, accounting expenses, etc.Now there will be some months, most months even, when you only expenses are the PM, taxes and insurance.
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13 February 2012 | 10 replies
Talk to a real estate attorney in your area and ask them if its legal.
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14 February 2012 | 5 replies
Is this legal?
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31 March 2012 | 4 replies
The bank is under no legal obligation to sell the house on a short sale.
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1 April 2012 | 28 replies
It may not be legal to put apartments in this building due to zoning restrictions.