by AREI | Jun 3, 2024 | Career Development
Years ago, title insurance companies provided only title insurance. Earnest money was deposited and held in the listing brokers trust account and brokers would prepare the closing documents and conduct the closing. Today, title companies offer closing services,...
by AREI | Mar 5, 2024 | Career Development
Oh, the controversy! Google the question and you will find a plethora of opinions. Many originate simply from a defensive attitude designed to limit the brokers liability, without consideration of duties or best practices. This article will offer an alternative...
by AREI | Feb 7, 2024 | Career Development, Current Events
Understanding a Wrap Around Mortgage Historically a “wrap around mortgage” was used to accomplish a lower blended rate on real estate purchases in high interest rate environments. For example, let’s presume a seller has an existing loan at 3% interest for 50% of...
by AREI | Jan 16, 2024 | Career Development
MISREPRESENTATION OR FAILURE TO DISCLOSE A MATERIAL FACT. Colorado license law and Real Estate Commission rules require a licensee to disclose all known material facts. Facts are “material” if knowledge of such fact would affect a buyer’s decision to make an offer, or...
by AREI | Dec 28, 2023 | Career Development
This post is designed to assist licensed real estate brokers in Colorado avoid common mistakes while navigating through a transaction. Assume the judge will be the next person to read your contract Colorado License Law requires you to exercise reasonable skill and...
