What is Earnest Money and when can a seller Keep it
Quick Answer EMD stands for Earnest Money Deposit, which is a deposit made to a seller that represents a buyer’s good faith to buy a home. According to the National Association of Realtors, the median amount of an EMD is 1% of the purchase price. In real estate transactions, an Earnest Money Deposit refers to […]
Exploring the Legalities of Dual Agency in Colorado
Quick Answer Dual agency is illegal in Colorado, even if the real estate broker discloses the relationship to the buyer and the seller in writing; it is against the law. Commission rule 6.7 states a broker and it’s agent may not enter into this relationship. But there are some situations where one broker and team […]
Squatters Rights in Texas: What Owners Need to Know
Quick Answer In Texas, squatters can gain legal rights to a property if they are able to demonstrate that they have been living there for at least three years. Squatters can gain legal rights to a property if they are able to demonstrate that they have been paying property taxes on the property for at […]
Here are your Options: Selling your house with Mold
Quick Answer: Ways to sell a House with Mold Sell it to an investor who pays cash List it with a real estate agent who will put it on mls List it yourself (FSBO) Mold is one of those things that everyone knows (many people think it’s dangerous) about, but no one wants to talk […]