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Question and Answer Regarding Listing Price

Question and Answer Regarding Listing PriceQuestion: I am representing a buyer who made a full-price offer on a property. The seller issued a counter at $38,000 more than the offer. The buyer rejected the counter. The seller subsequently lowered the list price. My buyer made the same offer, which
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Nigerian Man Arrested in Wire Fraud Crime

Nigerian Man Arrested in Wire Fraud CrimeAccording to Interpol, a man known as “Mike,” ran an international criminal network, which specialized in hacking email accounts and diverting wires. Mike, who is 38, was arrested by Nigerian authorities. It is thought that he has swindled over
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Question and Answer Regarding Translation of Documents and Reports

Question and Answer Regarding Translation of Documents and ReportsQuestion: If an agent reads and writes a foreign language, can that agent translate documents and reports in that language for their client?Answer: No. If an agent translates documents and reports, it leaves open the possibility of a
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Question and Answer Regarding Receipt of a Commission By a Buyer

Question and Answer Regarding Receipt of a Commission By a BuyerQuestion: I am listing a property for sale. A buyer, who does not have a real estate license, has requested a three percent (3%) commission. Can I pay it?Answer: No. A non-licensee may not receive a commission. If the seller lowers the
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Court Finds Texts Between Agents Lead to a Binding Contract

Court Finds Texts Between Agents Lead to a Binding ContractA Massachusetts court recently held that texts between agents created a binding contract between their clients. In that case, the buyer made an offer through a letter of intent. The agents continued to text back and forth with various terms.
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Fraud Alert

Fraud AlertWe have been notified of a local real estate fraud. Apparently, a buyer/couple claim that the wife is a cancer victim and they write a purchase and sale agreement on a local high-end property. They offer an all-cash sale with a very short close. They present a bank statement indicating
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CCAR Disclaimer and Disclosure Advisory

CCAR Disclaimer and Disclosure AdvisoryIn June 2016, the Contra Costa Association of Realtors issued their CCAR Disclaimer and Disclosure Advisory. It is highly recommended that agents operating in Contra Costa County utilize this Advisory. If the Advisory is being used, the following forms do not
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Airbnb Sues The City of San Francisco

Airbnb Sues The City of San FranciscoSan Francisco recently passed a law requiring anyone who seeks to rent out their home on Airbnb or similar platforms, including VRBO, to register their property with the City of San Francisco. Interestingly, Airbnb helped draft the law, which is known as the
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