Blog
KAAR Volunteer Days 2023
The Knoxville Area Association of REALTORS prides itself on being involved in the East Tennessee community. June 4-10, 2023, the Association participated in eight different projects across Knox, Blount, and Loudon counties. Over 80 members and association staff...
Wholesaling in Tennessee
Court of Appeals of Tennessee, AT KNOXVILLE Toryiana Louisa SOTO, et al. v. PRESIDENTIAL PROPERTIES, LLC, et al. 2021 WL 1626275 Holding: Selling property that you do not own in exchange for valuable consideration requires a Real Estate Brokers License in...
The REALTORS® Relief Foundation Application Spring 2023
The REALTORS® Relief Foundation is now accepting applications from Tennesseans who experienced damage from the tornado and straight-line winds that whipped through Tennessee on March 31 - April 1, 2023. This weather event devastated communities across 10 counties...
Happy Thanksgiving!
Dear Tennessee REALTORS®, It’s that time of year when we slow down to reflect on the many blessings in our lives and give thanks. We wanted to take a moment to express our gratitude to you. No matter your specialty in real estate—whether you represent more sellers or...
One-Click Rule on Social Media
Q: If I post on social media the opportunity to receive a complimentary travel voucher in exchange for requesting a home-value report, is that acceptable as long as I put the requirements of the recipient and the travel information in a document one click away? A: The...
Office-Sign Law
Q: Our firm is looking to move offices into a co-op building where there are several businesses. There is no outside sign or advertising on this building, only in the lobby. Is it okay for a real estate firm to be located in an office like this? A: We have included...
Property-Condition Disclosure Changes?
Q: Why were some items, such as the question asking whether heating or air conditioning was supplied to all rooms, deleted from the Property Condition Disclosure? A: Certain items were removed from the 2019 Property Condition Disclosure Form because they are not...
Lot/Land Disclosure?
Q: I am doing a listing agreement for vacant land and noticed RF206 (property condition) has been deleted. Which form replaces it? A: RF206 was removed because disclosure reports are not required by law for vacant land. There is no replacement form; however, the forms...
Acknowledge of Receipt
Q: Is a contract “bound” if the binding agreement date gas not been filled in? A: A contract is created when both parties have executed the contract and the offeror receives notification of the offeree’s acceptance. The binding agreement date in the contract does not...
Wire-Fraud Form: Every Transaction? (YES)
Q: In regard to the new Wire Fraud Warning form, should I use it in every transaction? A: Yes. In November 2018, Tennessee REALTORS® made available a Wire Fraud Warning Form, RF308. This form was created in response to a widespread cyber-criminal activity...