Comments on: Fiduciary and Legal Responsibilities of Realtors Relating to Short Sales http://topshortsalelawyer.com/fiduciary-and-legal-responsibilities-of-realtors-relating-to-short-sales Watson's Blog Tue, 17 Jan 2012 18:51:13 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Christopher Kudron http://topshortsalelawyer.com/fiduciary-and-legal-responsibilities-of-realtors-relating-to-short-sales/comment-page-1#comment-121 Christopher Kudron Mon, 31 Aug 2009 02:00:15 +0000 http://topshortsalelawyer.com/?p=19#comment-121 Jeff, a deal that I stopped the foreclosure 24 hours out was initially listed with a real estate agent, I had the agent and the homeowners sign a listing addendum that puts the home under the control of the option contract. Now the agent is telling me that the listing cannot be removed from the MLS until I close on the property. I explained to the agent that my company is now the principal in the transaction, and that as such she is representing the best interest of my company based on the addendum and the option contract. I am still getting static, any advice on how to proceed? Jeff, a deal that I stopped the foreclosure 24 hours out was initially listed with a real estate agent, I had the agent and the homeowners sign a listing addendum that puts the home under the control of the option contract. Now the agent is telling me that the listing cannot be removed from the MLS until I close on the property. I explained to the agent that my company is now the principal in the transaction, and that as such she is representing the best interest of my company based on the addendum and the option contract. I am still getting static, any advice on how to proceed?

]]> By: Mark Whittington http://topshortsalelawyer.com/fiduciary-and-legal-responsibilities-of-realtors-relating-to-short-sales/comment-page-1#comment-48 Mark Whittington Thu, 23 Jul 2009 01:15:33 +0000 http://topshortsalelawyer.com/?p=19#comment-48 We as investors are being judged by the questionable actions of a few bad apples looking for short cuts. Jeff, who I am sure has his phone ringing off the hook, took time today to both answer a question and more importantly review his broader thoughts on doing things right and the benefits of doing so. I am grateful for a leader in our industry that is so willing to give of his time to promote doing things the right way, whether or not it's the easiest way, and then walking that talk. When doing things right, we as investors are the single best option both sellers and realtors have to turn to for a successful resolution of their problem. Jeff, thank you for giving me yet another key phrase to use in explaining this benefit to agents and sellers alike. We as investors are being judged by the questionable actions of a few bad apples looking for short cuts. Jeff, who I am sure has his phone ringing off the hook, took time today to both answer a question and more importantly review his broader thoughts on doing things right and the benefits of doing so. I am grateful for a leader in our industry that is so willing to give of his time to promote doing things the right way, whether or not it’s the easiest way, and then walking that talk. When doing things right, we as investors are the single best option both sellers and realtors have to turn to for a successful resolution of their problem. Jeff, thank you for giving me yet another key phrase to use in explaining this benefit to agents and sellers alike.

]]> By: jwatson http://topshortsalelawyer.com/fiduciary-and-legal-responsibilities-of-realtors-relating-to-short-sales/comment-page-1#comment-41 jwatson Sat, 18 Jul 2009 17:41:59 +0000 http://topshortsalelawyer.com/?p=19#comment-41 Christopher, I am really not sure if I understand your question. Are you both an agent and the investor buyer? If so, then yes, you need to disclose on item 27 that a member of the buying entity is a licensed agent. If you are not an agent but are represented by an agent in making your offer then no additional disclosure is needed. Christopher,

I am really not sure if I understand your question. Are you both an agent and the investor buyer? If so, then yes, you need to disclose on item 27 that a member of the buying entity is a licensed agent. If you are not an agent but are represented by an agent in making your offer then no additional disclosure is needed.

]]> By: Christopher Kudron http://topshortsalelawyer.com/fiduciary-and-legal-responsibilities-of-realtors-relating-to-short-sales/comment-page-1#comment-38 Christopher Kudron Fri, 17 Jul 2009 22:40:21 +0000 http://topshortsalelawyer.com/?p=19#comment-38 Jeff, my question is: when working with a real estate agent is there any other documentation that needs to be included other than listing then as the representative under ITEM 27 of the Option Contract? Jeff, my question is: when working with a real estate agent is there any other documentation that needs to be included other than listing then as the representative under ITEM 27 of the Option Contract?

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