by | Jan 10, 2019 | Legal Hotline Q&A
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...
by | Jan 7, 2019 | Legal Hotline Q&A
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...
by | Jan 6, 2019 | Legal Hotline Q&A
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...
by | Jan 5, 2019 | Legal Hotline Q&A
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...
by | Jan 4, 2019 | Legal Hotline Q&A
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...
by | Jan 3, 2019 | Legal Hotline Q&A
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...
