Questions and Answers

Q: My in-laws are selling a shore home and had a contract. Monday would have been the closing and the buyer has backed out. Who is responsible for any fees incurred during the transactions to this point? A: Your answer is contained in the purchase agreement which you all … [Read more...] about Buyer Backed Out At Closing

Q: what is the law between agent and tenant to show a house to potential buyers but to be courteous to tenant? A: Not really a ‘law’, but in most rental or lease agreements, there should be specific language covering this. If not, then I suggest working something out with that … [Read more...] about Landlord showing home while occupied

Q: I NEED TO SUBMIT A CLAIM AGAINST AN ESCROW ACCOUNT–IS THERE A FORM FOR THIS? A: Check with the ‘entity (title company, etc) that is holding that escrow & see what they require. Also, it might be spelled out in the escrow agreement you entered into when that escrow was … [Read more...] about Submit Claim Against Escrow

Q: We have a 3 bedroom condo. The third bedroom had the door removed. But does have a closet. I am being told by the appraiser, there is a new rule, without a door is not considered a bedroom, is this true? A: There are (& will continue to be) ‘new’ & revised rules for … [Read more...] about Room With No Door Is Not A Bedroom

Q: In order to be classified as an independent contractor, how much of an individual’s income must come from commissions? A: I don’t believe there are income guidelines to establish being an ‘independent contractor’. It is sort of like if you were a builder, had a builders … [Read more...] about Contractor and income