Watch the Video to Find Out! Thank you to Shawn Horan of Horan Law Group, P.C. SHoran@WestGALaw.com 770-942-8887
“This counter offer is being executed by all parties to evidence their intent to be bound by the terms contained in the purchase and sale agreement dated ________, and agreed to by all parties on ________. All parties agree that the binding agreement date and time for this purchase and sale agreement is __________.”
What contract confirms a Listing Broker’s Commission? a Selling Broker’s Commission? an Agent’s Commission? Can a Selling Broker rely on the “Co-Op Commission” listed in the MLS Service? What does “VRC” mean?” What if there is a mistake in the MLS (FMLS & GAMLS & Others) Service? How can an agent avoid a commission dispute? Is the Co-Op Broker Commission determined by the Seller or Listing Agent? Watch the video to find out!
Can you interchange the Georgia Association of Realtors (GAR) contract package forms & the RE Forms contract package forms when countering an offer? If so, what is the impact? What terms are actually binding upon the parties? Watch the video to find out!
Previous Video Referenced: RE Purchase & Sale – Why You MUST Attach the Standard Terms – https://youtu.be/UqC9NoOL0dA
When a Buyer & Seller are using the RE Forms contracts for their Real Estate transaction, it is IMPERATIVE that you print the “Standard Terms,” reference them & attach as an Exhibit. Watch the video to find out why!
RE 100 – Contract for Purchase & Sale of Residential Real Property
RE 1 – Standard Terms for the Purchase & Sale of Georgia Real Property
These forms are available to agents for FREE on FMLS rDocs & GAMLS Transaction Desk under the Forms sections.
Thank you for watching! Dana Sparks, Qualifying Broker, Maximum One Greater Atlanta, REALTORS http://www.KeepMoreCommission.com
What Costs Must a Seller Pay for a Buyer’s VA-Insured Loan? Can the parties write a Special Stipulation changing the Seller-Required Fees? Does a Seller still have to pay these if the Seller is paying part of the Buyer’s Closing Costs? Watch the video to find out!
GAR F65 – VA Loan Contingency Exhibit – paragraph #14
RE Form 201 – VA Loan Exhibit – “Seller Obligations” paragraph #2
Thank you to Linda Kennedy NMLS#209067 of American Eagle Mortgage – LKennedy@aemc.cc for this document “VA Allowable Fees” – https://maximumonerealty.files.wordpr…
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A person is required to have a Real Estate License to show property. Since this is the cases & there are license laws about who can pay an agent for real estate related activities, may one agent pay another agent directly for showing property or is this a violation of License Law? Watch the video to find out!
***Maximum One Corporate Policy: Regarding License Law §OCGA 43-40-25b (8) Maximum One gives affiliated licensees express written permission to pay another licensee directly for showing property or watching their business while agent is out of town or otherwise unable to cover their own business.