Ever felt that your real estate agent or broker wasn’t doing his job and you wanted to “fire” him? Usually firing him is often as simple as paying a penalty of $250 or less, but you have to carefully read the “termination clause” in his Listing Agreement. Have your attorney review it and, if necessary, go directly to the Board of Realtors® in your state if he is uncooperative.
Firing your realtor® usually r » Read more: How and When to Fire your Realtor
During a time when the Real Estate market was HOT, escrows were known to be pretty smooth. For those of you who don’t know, Escrow is the process that transfers ownership between buyer and seller when the seller has finally accepted an offer. During the peak of the market, the escrow would usually close in 30 days as long as all paperwork was submitted by the seller’s agent, as well as the buyer’s agent. Now days, it can t » Read more: A Smooth Escrow
Trust account rules vary from state to state, but one constant for attorneys or anyone working in a fiduciary capacity is the over-riding fear of running afoul of strict requirements. Take the following steps and you won’t lose sleep worrying about your responsibility to comply with complicated trust account regulations.
1. Migrate from Manual to Automated Record Keeping
Review your firm’s trust bookkeeping » Read more: Trust Account Bookkeeping Basics
