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Realtors

Multiple Offers and Asterisk Clauses (aka “Escalation Clauses”)

How to Suddenly Go From Two (or More) Buyers to None [Note to Readers: 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.] Thanks to practically zero inventory — and almost zero...
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4. Dress Code for Home Closings**

Realtor-Client Double Standard There are really only two rules when it comes to proper attire for a home closing: 1) the Realtors and other professionals (closers and lender) should wear formal business attire (sorry, no “business casual”); 2) clients can wear whatever they want. Which I guess means there’s only one rule. For men, at...
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Do Realtors Get Better Tables at Restaurants?

Sizing Up ” Quickly ” Restaurant Real Estate (the Inside Kind) OK, so I can’t prove that Realtors get better tables at restaurants. But, I’ve got a hunch that they/we at least know where they are. Casing the Room, or “Location, Location, Location” That’s because the ability to quickly size up the key spaces in a...
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Dress Code for Home Closings**

Realtor-Client Double Standard There are really only two rules when it comes to proper attire for a home closing:  1) the Realtors and other professionals (closers and lender) should wear formal business attire (sorry, no “business casual”); 2) clients can wear whatever they want. Which I guess means there’s only one rule. For men, at least,...
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Do Realtors Get Better Tables at Restaurants?

Sizing Up — Quickly — Restaurant Real Estate (the Inside Kind) OK, so I can’t prove that Realtors get better tables at restaurants. But, I’ve got a hunch that they/we at least know where they are first. Casing the Room, or “Location, Location, Location” That’s because the ability to quickly size up the key spaces in...
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Realtors, Wall Street & Fiduciary Duty

Goldman to Clients: You Shouldn’t Have Trusted Us If you didn’t know, Realtors’ owe their clients a fiduciary duty. What does that mean? Actually, quite a bit. The legal definition of fiduciary duty has two components: a duty of loyalty, and a duty of care. By definition, your Realtor knows more than you do about...
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