Ask Elliott…Answers to Questions

If a tenant rents space from a landlord who is also a broker(who owns and manages the building) may I approach the tenant to see if they would like to relocate to a different location? Is that interfering with an existing relationship? [...]

Read More... from ASK ELLIOTT #41: Is the tenant a client?

Seller has disclosed to Broker A they are dissatisfied with their current listing Broker B and will not renew the listing when it expires. When can Broker A discuss with the seller a new listing agreement without interfering with the listing? [...]

Read More... from ASK ELLIOTT #40: Seller unhappy with Broker

What is a bulk sale? An agent asked me to ask you since she’s away and needs an answer [...]

Read More... from ASK ELLIOTT #39: What are “Bulk Sales”?

Hi Elliott………I have a buyer who is so happy with my service that he wants to give me a monetary gift after the closing. Is it ok to take it? My gut says no and I know all commissions must be paid out through the broker but I’m just not sure in the case of [...]

Read More... from ASK ELLIOTT #38: Can I accept a monetary gift from my Buyer?

A friend of mine down San Diego way made an offer on a condo. Counter offer was made, everyone agreed on the deal. Loans in place. On the way to the closing, a 5.9 magnitude earthquake struck. Is the seller under obligation to disclose any resulting damage? [...]

Read More... from ASK ELLIOTT #37: What to do when an earthquake occurs before closing?

If you say: “I saw it on Zillow”  I will take $100 off ot the price of the house. [...]

Read More... from ASK ELLIOTT #36: Advertising Violation

I have a question- by the way great forum!- I showed my buyers a listing that showed only a short history- when I looked up all prior history on MLS showed it had been listed for over a half a year, sold and boom, then expired then relisted as a totally new listing. My clients [...]

Read More... from ASK ELLIOTT #35: Disclose inspection issues when relisting required?

I represent a buyer who was already out of attorney review and the seller’s attorney has tried to void our contract and accept a contract for another buyer. In addition he has deposited our deposit monies of 19,000. into his trust account. My buyer has initiated suit claiming specific performance against the sellers and has [...]

Read More... from Ask Elliott #34 Protect Commission While Buyer & Seller Litigate

What are the requirements for continuing education for a New Jersey Realtor for 2010? [...]

Read More... from Ask Elliott #33: Continuing Education Requirements

How do you get on the list of agents/agencies to list REO properties in Monmouth County? Do you need special designations? [...]

Read More... from Ask Elliott # 32: How do I get REO listings?