You have a contract between the Buyer & Seller & are all set to close…. the property gets damaged & the Seller makes an insurance claim… what do you do now? What do you need to address contractually to protect the Buyer & the Seller? Watch the video to find out!
Are you on a real estate Team in Georgia? How do you sign contracts and brokerage engagements? Watch the video to make sure you are in compliance with Georgia License Law!
Why do I have to tell my Broker that I am buying / selling / leasing / marketing a property that I own if I am not paying or collecting a commission? It’s part of License Law – that’s why! Once you have a real estate license issued to you by the State of Georgia, there is no distinction between real estate activities you do for the public or for yourself. See O.C.G.A 43-40-29 & O.C.G.A. 43-40-12 & GREC Rule 520-1-.11. These Laws apply to you whether you:
* Invest in real estate to flip
* Invest in real estate to rent
* Buy or Sell your own personal residence
* Buy or Sell or Exchange
* Manage properties you own
* Buy or Sell your own properties even if your license is Inactive
* Whether these properties are commercial or residential
GREC requires all licensees in Georgia to take a License Law Class. See the schedule for Maximum One Realtors and feel free to attend any of our classes: http://www.registerforREclasses.com