Question #2: How Realistic Is It That They Will? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Normally, Minnesota home Buyers and Sellers decide when they negotiate the Purchase...Read More
My 16 year-old son is only in 10th grade, but I’m pretty sure he’s (eventually) headed to law school. That’s based on the following exchange the other day, just before I got to back to town after a recent trip: Me: “Gabriel, my plane gets in at 11 p.m. tonight; can you pick me up?”...Read More
Question #2: How Realistic Is It That They Will? Normally, Minnesota home Buyers and Sellers decide when they negotiate the Purchase Agreement whether they will handle any post-closing disputes through arbitration or litigation. If the parties are amenable to arbitration, they both sign an Arbitration Addendum (their agents, too). Alternatively, if only one party — or neither...Read More
DIY Home Buyers & Sellers The vast majority of Minnesota home Buyers and Sellers elect to settle any post-closing disputes thru arbitration rather than litigation. The explanation? It’s considered faster and cheaper. The occasional exception: Buyers who are lawyers, are related to lawyers, or otherwise think they can procure the required legal services at a...Read More
Going on 16(!) years selling residential real estate, I really only have two rules for clients I work with: Rule #1: “Don’t do anything to get yourself — or me! — sued.” Rule #2: “Don’t break Rule #1.” While it’s blissfully rare in Minnesota, home buyers and sellers have been known to depart from the...Read More
Realtors, Too (Don’t Forget About Realtors) “In a new lawsuit, the Chamber of Commerce is seeking to prevent the government from holding retirement advisers to the same standard as doctors, lawyers or accountants ” known as a “fiduciary” standard ” which requires people in positions of trust to always act in their client’s best interest.”...Read More
