Who Should Attend The Property Inspection?
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...
What Is A Wrap Around Mortgage?
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 the...
Common Reasons Brokers Get Into Trouble
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...
Simple Strategies to Avoid Problems
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...
Buying Property “Subject To”
The Current Market The real estate market is ever changing and evolving. In the current environment of high property values and increasing interest rates, people are understandably trying to find creative ways to get into a home. Purchasing property using “subject to”...
2024 Summary of Forms Update
Be sure to check out the Spotlight Page for other helpful documents. CBS1 (Residential), CBS2 (Income-Residential), CBSF1 (Foreclosure) Sec 8.4., 8.5., 8.7., Added statutory language regarding Metropolitan Districts and calls for inclusion of official websites...
Finding a Brokerage Firm
When applying for an active real estate license, each new Broker Associate must affiliate with a brokerage firm for a minimum of two years prior to upgrading to Independent or Employing Broker. Be encouraged by the fact that nearly all brokerage firms are hiring new...
Three Questions That Might Change Your Business
“First Installment” Public perception regarding services provided by real estate brokers can be incomplete or outright inaccurate. Some sellers might see access to MLS as the main benefit to hiring their own broker. The same might hold true for many buyers. If MLS is...