Posts by Elliott Caplan
Ask Elliott 72: Contracts for Business and Building sold together
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Elliott – I have a Business broker I work with and we co-broker listings a lot. He is not a R/E Licensed Broker-he sells Businesses. He got a listing and told me the seller also has property he wants to sell with the business. Since he is not licensed so he can not sell property [...]
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Ask Elliott 71: Current Listing Agreement and Co-listor Signatures
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Elliott, One of our agents mentioned to me that on our current listing agreement there is not a place for a Co-listor to sign. Since this form is provided by the MLS, is it not necessary to have a place for a co-listor to sign? [...]
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Ask Elliott 70: When is waiving commission OK?
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My Brother and his wife bought a condo through me. The seller insisted to keep the sale price at $x and pay me a commission. Can I give my commission to my brother, saying commission waived? [...]
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REAL ESTATE BROKERS BEWARE: THE IMPORTANCE OF A SIGNED SELLER’S DISCLOSURE
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In New Jersey, failing to provide a buyer with a signed Seller’s Property Condition Disclosure (“Seller’s Disclosure”) can be very costly for a real estate licensee. This is because if a buyer is not provided an executed Seller’s Disclosure, and it is found that a real estate licensee repeated a seller’s misrepresentation(s) even if the [...]
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NAR slapped with second class-action lawsuit to end buyer broker compensation
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Suit alleges mandatory fees for buyer’s brokers violate anti-trust laws A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors. The suit, filed in the Northern District of Illinois on Monday by Minnesota-based corporation Sawbill Strategic, alleges that NAR, Realogy, HomeServices of America, RE/MAX and Keller Williams violated federal antitrust [...]
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Protecting Your Commission
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Are you ready, willing and able to convey your value to a seller, or are you stumbling over the age-old question “Will you cut your commission?” If you don’t have the right mindset, your words and techniques aren’t going to help you hold the line. One of the biggest mistakes agents make is saving the [...]
Introducing Elliott’s Industry News
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We will be bringing you curated New Jersey Real Estate News soon. Watch this page for stories to keep you informed and working best in your Real Estate career! [...]
Ask Elliott 61 – Must you provide a lead paint disclosure document?
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Part 1 of this question in Ask Elliott #60! [...]
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Ask Elliott 60 – Can you keep digital files on a hard drive instead of hard copies in the office?
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Part 2 of this question in Ask Elliott #61! [...]