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When a Buyer or Seller wants to work with you & tells you they have “fired” their previous agent/Broker, are you allowed to work with them? Watch the video to find out what License Law says!

If a Broker is going to disburse Earnest Money to a Seller on a terminated contract, can the Broker require the Seller’s W9 ? Watch the video to find out!

The Georgia Association of Realtors (GAR) has revised the contract forms as of 6/1/19. Please watch this video for the changes (one MAJOR one) they made to the Exhibit – Closing Attorney Acting as Holder of Earnest Money.

Also watch: “How Closing Attorneys Create a Contract Issue that Must Be Resolved” https://youtu.be/mMeFGd-ccMI

 

When a Purchase & Sale Agreement designates a Closing Attorney to hold the Earnest Money, beware that the Attorney may inadvertently create an issue that must be resolved contractually! Watch the video to find out what that issue is & how to correct the problem they may create!

 

Georgia Association of Realtors (GAR) has completed the Midyear Revision of the Contract Forms. One of the biggest changes involves the Amendment to Address Concerns F704. Please watch this video for a full explanation! Index of 6/1/19 Changes to GAR Contract: https://files.constantcontact.com/1a9… PRIOR TO GAR Change 6/1/19 Video: “Amendment to Address Concerns – Is There a Time Limit” https://youtu.be/PhsAtxfwUPg

 

If the Buyer doesn’t terminate based on the Financing Contingency, may the Seller terminate the contract if the Buyer doesn’t provide proof of a loan commitment from a Lender? Watch the video to find out!

Related Videos:
Do I Need an Approved Lender on a Loan Exhibit? https://youtu.be/Fchlf9u9BUo When is a Buyer NOT Protected With a Loan Denial Letter? https://youtu.be/uUz8WHpmA6E When Must a Buyer Send a Loan Denial Letter? https://youtu.be/qQyEu7fKs2k

If a Buyer terminates a contract that is subject to Financing Contingency, they must do so prior to the expiration of the contingency time frame AND prove it with a Loan Denial Letter. HOWEVER, there are very specific reasons that are prohibited & will NOT protect a Buyer’s Earnest Money… watch the video to learn what those reasons are!

ALSO WATCH:

Must I Use an Approved Mortgage Lender? https://youtu.be/Fchlf9u9BUo When must I send the Loan Denial Letter? https://youtu.be/qQyEu7fKs2k

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