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Real Estate Contract Termination Rights Due to Pandemic

What are real estate contract termination rights due to Pandemic? If a Buyer is outside of all his/her contractual contingencies and gets laid off due to this National Emergency, may he/she terminate a contract and get their Earnest Money back? What is “Force Majeure” & how does it apply to the return of Earnest Money? May an “i-Buyer” suddenly terminate a contract & have no penalty? What is the Georgia Association of REALTORS (GAR) Special Stipulation that was revealed on March 17, 2020? Please watch this video for all of this information & more!

Thank you to Closing Attorneys:

Andy Hartman – Andy@HartmanLawFirm.comhttp://www.HartmanLawFirm.com
Amee Davis – ADavis@DavisLawGA.comhttp://www.DavisLawGA.com
Doug Dean – DDean@Shafritz-Dean.comhttp://www.Shafritz-Dean.com
Shawn Horan – Shawn@DonDeFoorLaw.comhttp://www.DonDeFoorLaw.com

 

Real Estate Closings & COVID-19: 5 Things You Need to Know!

Real Estate Closings & COVID-19. This video covers 5 things you need to know as a real estate agent in Georgia regarding Real Estate Closings & the Coronavirus.

1. Closing Attorneys Procedures During This Time * Who may attend closings * Power-of-Attorney * Mail-Out Closings * Potential Delays in Recording of Deeds
2. Agent Pay – Traditional from Broker vs. “Pay-at-Close” from Attorney
3. Delay in Closing * GAR Special Stipulation * Explanation of GAR Special Stipulation * Click here for the verbiage & in-depth explanation:
https://maximumonerealty.files.wordpr…
4. Earnest Money Remittance
* Remote Deposits *
Bank Shot – Smart Phone Banking
* Wire
5. People are Still Buying & Selling!!!

How to Flex Your Real Estate Business Amid the Coronavirus Disruption

How to flex your real estate business amid the virus disruption. Also information about how to be Virtual at Maximum One Realty Companies. Maximum One Realty Branches are OPEN!! Also check out – Chris Hardin – Book Me Solid & Shantha Wetterhan – Competitive Edge Social Media Marketing. Check with your Lenders & Closing Attorneys for specific information about their offices.

The Art of Writing the “10 Day Letter”

This video is intended for Brokers & Managing Brokers who hold Earnest Money regarding tips and tricks for writing the “10 Day Letter.” When a contract terminates or fails to close and the parties do not agree in writing who gets the Earnest Money (i.e. they don’t sign the “Release” of a Termination & Release) then one of the options for the Holder of the Trust funds is to reasonably interpret the contract and disburse the funds based upon this interpretation. This is allowed for per Georgia License Law and the Georgia Association of Realtors (GAR) & RE Forms contracts. This video addresses tips to keep in mind when writing this notice to the parties of your intent, as Holder, to disburse those funds.

Thank you for watching! Browse the “videos” and “playlists.” Dana Sparks, Qualifying Broker, Maximum One Greater Atlanta, REALTORS http://www.KeepMoreCommission.com

Paperless Pipeline Tutorial

As an agent at Maximum One Companies, you will “turn in” your contracts to the Broker via the online Transaction Management System, Paperless Pipeline. Watch this video to learn how to access and use this system in order to stay in compliance with Maximum One policies and Georgia License Laws! If you have any questions, please contact your Compliance Broker or Branch Manager. Thank you & we are happy you have chosen Maximum One as your Broker!

Happy New Year 2020!

Happy New Year 2020! Gidget & Nami & Sema & I want to thank you for watching Real Estate Made Crystal Clear! We hope to have been of service to you as a real estate professional! Enjoy abundant Blessings and a strong vision for 2020! Dana Sparks, Qualifying Broker, Maximum One Greater Atlanta, REALTORS

2020 GAR Contract Changes: New Forms & Special Stipulations

Continuing the series on the 2020 Georgia Association of Realtors (GAR) Contract Forms. This video covers the New Forms & Special Stips.

2020 GAR Contract Changes – F601 – Sale or Lease Contingency Exhibit: https://youtu.be/ZmR1F68-pfw (released 11/23/19)

2020 GAR Contract Changes – F201 – Purchase & Sale Agreement: https://youtu.be/EgUo3vtEdyc (released 12/1/19)

2020 GAR Contract Changes – Listing Brokerage Agreements: https://youtu.be/lkxveiBuGOs (released 12/3/19)

2020 GAR Contract Changes: Buyer Brokerage Agreements – https://youtu.be/tQb_FRAyzCs (released 12/9/19)

2020 GAR Contract Changes: Financing Contingency Exhibits: https://youtu.be/fNTPhDPnSYo (released 12/12/19)

2020 GAR Contract Changes: Seller’s Property Disclosure Exhibit: https://youtu.be/oxfGkk6PIqs (released 12/17/19)

2020 GAR Contract Changes: F322 Community Association Disclosure Exhibit https://youtu.be/cbDmPCFEVEw (released 12/19/19)

Check out the online calendar to attend classroom classes on those changes in December & January & February hosted by Maximum One Realty Franchises & offered through the Georgia Real Estate Academy (GREC School #6915.) http://www.registerforREclasses.com – select your geographic area – select a month & a class. January & February calendars are still being finalized.

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