October 4, 2012

Bye, Bye, Home Seller Warranties — or, No More “Gotcha’s”

Seller Disclosure Looms Larger The big 2012-2013 change in Minnesota contracts to buy or sell residential real estate — effective Oct. 1 — is the omission of a clause whereby Sellers formerly warranted that the home’s mechanical systems would be in working order as of the date of closing. The primary reason? The language effectively served as...
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NY Times Gaffe: “Energize” and its Phantonyms

Define, “Enervate” (Ahem, Ahem) “Mr. Obama’s goal, it seems, was to indicate his continued willingness to serve in a job he believes he can do better than the other guy, but that doesn’t really seem to enervate or enliven him. That’s a problem, and not only for the duration of the campaign.” –Matt Bai, “Obama’s...
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“Procuring Cause” Multiple Choice

Who is Entitled to a Commission? Prospective home buyers may not know what “procuring cause” is, but it’s a good bet their Realtor does:  it’s what entitles them to get paid! So, guess which of the following actions — performed by the Buyer’s agent — are relevant for determining “procuring cause”: A. Negotiating inspection issues...
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