Phil Newman

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So far Phil Newman has created 141 blog entries.

Navigating Earnest-Money Disputes

By our Legal & Ethics Counsel Upshot: In earnest-money disputes, there are several options rooted in the Brokers’ Act and TREC rules that you might explore to help your clients resolve the issue. When a contract falls through, the effects can include earnest-money disputes. For example, an agent might think the buyer and seller have

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Congrats TN Members on 2020 NAR Committees!

CONGRATS! Tennessee members who will serve on 
2020 NAR Committees: Barbara Adair Leading Edge Advisory Board - Member: At-Large Susan Barnette
 Professional Development Committee - Member: At-Large Melanie Blakeney
 Business Issues Policy Committee - Member: At-Large Alexander Bynum Board of Directors Land Use Property Rights and Environment Committee – Member: At-Large Neal Clayton

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TN LLCs and Real Estate Buys

Upshot: The TN Attorney General weighs in on whether an LLC can buy or sell property in Tennessee without using a real estate licensee. The Tennessee Attorney General (AG) recently released an opinion re: limited liability companies (LLCs) and how they are interpreted under the Broker’s Act, in response to a question from the then-acting

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New TREC Rules = Lower License Fees!

The Tennessee Real Estate Commission (TREC) approved several proposed rules at its meeting on Dec. 5, 2018. The rules were filed with the Secretary of State on Aug. 5, 2019, and will become effective on Nov. 3, 2019. These rules have been filed as Proposed Rules and will be promulgated without a hearing ninety (90)

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