Ask Elliott #11: Referral Fees
I got a referral for a listing nearly two years ago. Given the market, the property did not sell, even with a number of price reductions. I nearly lost the listing on the last renewal, but with a lot of effort I got it relisted. Happy to say the property is now under contract. The [...]
Ask Elliott #10: Tenant Eviction
Can a tenant be evicted if they originally applied to be a single occupant, and eventually added a second occupant that was a minor? [...]
Ask Elliott #9: Contract Changes
An agent writes a contract and changes are made during negotiations e.g.: price , mortgage terms, closing dates. Is it alright to change the first page and forward to everyone for signatures for the sake of a clean contract. Or do you need to show it with cross outs and initials? EB [...]
Ask Elliott #8: Owner’s Right to Possession
Ask Elliott: I am selling a property that is currently occupied by a month to month tenant. My Buyer plans to use the property as a second home, primarily on week-ends. I understand that he can get the tenant out if this is his residence. Can he get the tenant out under these circumstances? – [...]
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Ask Elliott #7: Seller’s Concession
Ask Elliott: If a contract is say $100,000 and the seller is giving a $5,000 seller’s concession. Is the commission based on 100,000 or 95,000 – JF [...]
Ask Elliott #6: IC Contracts
Ask Elliott: Is it a matter of law in NJ that all salespersons working for a RE broker be given an independent contractor agreement? What if anything happens to the broker if such an agreement is not provided? Are the salespersons permitted to be paid commissions without an agreement and commission schedule in place? – [...]
Ask Elliott #5: RESPA
Ask Elliott: My mortgage rep said that he would supply flyers for my listings because I usually refer my clients to him. Is it OK for him to do this? – RC [...]
Ask Elliott #4: Listings
Ask Elliott: I met a seller at a local function. He said that he was unhappy with the agent with whom he had listed his home and asked if I would be interested in listing his house when the current listing expires. What should I do? MR [...]
Ask Elliott #3: BPO for a Lender?
Ask Elliott: I have been asked to do a BPO for a lender. I am a licensed salesperson Can I do this BPO? – JH [...]
Ask Elliott #2: Listings (Tenant in Common)
Vivamus ac dolor diam, ut consequat sem. Integer placerat tincidunt libero vitae rutrum! [...]
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