NAME, USE MARRIED OR MAIDEN NAME…?  Q: Buyers just got married.  Lender is requiring the woman to use her maiden name for lending purposes. Prequal has maiden name and PC has married name. Should we create and addendum indicating buyer is “maiden name” and use maiden name on all documents regarding the purchase going forward? I rep the sellers. The buyers agent believes we can use her married name on PC and other documents but her maiden name on all things pertaining to lending. It seems one name should be used/known for the whole contract but I am unsure which is correct.  A: The buyer should use her current, legal name on all documents.  She is no longer the "maiden" name, her legal name is now her "married" name.  Any signature otherwise now could be considered misrepresentation.  The lender will have to re-process their documents with her married name.

NAME CORRECTION ON PURCHASE CONTRACT:  Q: I have a purchase contract dated June 6, 2018(Transaction S201839543).  I noticed on the tax records that the owner of the property is Mortgage Relief Arizona LLC (the seller's LLC).  On the purchase contract I have the seller as "Brandon Miller".  What would be the best course of action to rectify this situation?  Addendum with name change?  If so, what would the language need to be?  Thank you again for your help.  A: Seller and buyer acknowledge and agree that sellers name on the purchase contract and all related documents is hereby changed to read Mortgage Relief Arizona LLC to reflect the current tax records."

NAR:  REAL ESTATE TOPICS:  https://www.nar.realtor/topics

NAR, CODE OF ETHICS:     https://www.nar.realtor/about-nar/governing-documents/the-code-of-ethics

Legally speaking, Can I talk to another REALTOR’s seller about taking a listing? (Article 16)  http://ohiorealtors.org/2016/01/12/legally-speaking-can-i-talk-to-another-realtors-seller-about-taking-a-listing/

NAR, CASE INTERPRETATIONS RELATED TO ARTICLE 16:  Cooperation, Respect for Exclusive Agency  https://www.nar.realtor/code-of-ethics-and-arbitration-manual/case-interpretations/case-interpretations-related-to-article-16

NEGLEGENCE:  Ignorance/Exculpatory/Hold Harmless Language are not a defense against negligence.   What would a reasonable person expect?

 

NET LISTING AGREEMENT:  BROKER NOTE:  NEW QC:  ERNet    Please remove the language on page 5 of the ER indicating commissions based on net profit to Seller. HomeSmart policy does not allow it's agents to enter into "Net Listing" agreements. Please contact the Broker's office if you have questions.

NET LISTING:  Q: Seller wants me to list it when completed and has offered me a yet to be determined "bonus" after it sells if he makes a "decent profit,” can I?  Am I an owner:  A: Hi David, just trying to hang in there like everybody else... A couple things on your note...first, unless you are on the deed as an owner, or have an ownership or equity position in an "entity" that is listed as the owner of record, then you will not be considered to be an owner/agent.  Additionally, we do not allow net listings or commissions or bonuses based on the net profit to the seller.  That is against HomeSmart policy and also not allowed as per MLS rule 8.2.  So, the seller can certainly offer to pay you a bonus, but it has to be agreed to upfront and cannot be tied to the net profit the seller makes on the sale.  Hope this helps, take care out there.  Jeff. (see following)

NET LISTING:  What is a net listing in real estate?  NET Listing. An arrangement in which a property owner pays the listing real estate agent all purchase price proceeds over and above a minimum figure required by the owner.  A listing based on the net price the seller will receive if the property is sold. Under a net listing the broker can offer the property for sale at the highest price obtainable to increase the commission. This type of listing is illegal in many states.

NET LISTING, NOT ALLOWED:  See  MLS rule 8.2:  Net Listings are not accepted for listing on the MLS. Except for Business Opportunities and Commercial (Sale or Lease) listing types, only Listings taken using Exclusive Right to Sell Listing and Exclusive Agency Listing contracts are accepted by ARMLS. For Business Opportunities and Commercial listing types, ARMLS will accept Open Listings but NOT Net Listings.  As discussed, see the following screenshot from ARMLS Rules & Regs 8.2. (SEE SCREENSHOT FROM 8.2)   We also have a Quick Code for NET Listings in RSB (ERNet) which reads as follows:

TY, JT

 

NEW AGENT:  Q: I have a signed contract and now I have questions. What should the buyers agent expect from me (the listing agent) in the coming days/weeks? What should I expect from the buyers agent in the coming days/weeks? What do I need to do within RSA for my listing?  A: Full execution of the contract and all of it's terms from both sides.  Create a sale file in RSA and attach your listing.  I highly recommend you use the form titled Critical Date List (on zipForms) to assist you in tracking contract deadlines.  You may also want to consider 1) joining our mentor program and/or 2) using our transaction services to help you with your paperwork.  Be sure to pursue continuing education (CE) classes  to help you increase your knowledge of both the industry and HomeSmart policies & procedures.

NEW BUILD:  SEE SPECIAL SECTION,  PAGE 50

NEW OR NEWER:  SAFER TO SAY “NEWER,” PROBABLY SAFE TO SAY NEW BUT DEFINE NEW WITH A DATE.

NICKNAMES ON CONTRACTS:  FYI - Please be certain to only use the name you are licensed under at ADRE on contracts, listings and leases.  Please do NOT use your nickname - even if it is registered under ADRE.  Nicknames are for marketing purposes only and should not be used on documents. (Trudy, 7/19)

NMLS:  See Loan Officer:  NMLS stands for the Nationwide Mortgage Licensing System and Registry. NMLS is a web based platform for regulatory agencies to administer initial license applications and ongoing compliance requirements.

NOISESee Quiet Enjoyment

NOMINAL:  adjective   (of a price or amount of money) very small; far below the real value or cost.  "some firms charge only a nominal fee for the service"  synonyms:  tokensymbolic

NON AAR FORMS:  CAN AN AGENT USE NON AAR FORMS?  E&O INSURANCE COVERAGE:  Using a non-AAR contract could potentially become a problem if some type of legal issue were to develop, since they would be considered outside of our normal "area of expertise."  That might also affect our E&O as they also prefer that we use AAR approved forms and documents in our transactions.

NON-DECLARANT HOA TRANSFER FEE:  Also see HOA Non-Declarant Escrow Transfer Fee form in doc’s tab, aaronline hotline

From SPDS, line #28, “Are you aware of any association fees payable upon transfer of the property?  Explain:(ex, “Non-Declarant Disclosure Fee of $400)

NONDISCLOSURE OF A KNOWN FACT:  It has been the courts position that the seller/buyer has a duty to disclose known facts and that the nondisclosure of a known fact could be equivalent to the assertion that the fact does not exist.  Therefore, nondisclosure may have the same legal effect as fraud and misrepresentation.

NON-RECOURSE LOAN:  non-recourse debt is a type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount.   http://www.quickenloans.com/blog/recoursenonrecourseloans

NON-REFUNDABLE MONIES:  See Purchase Contract, line #81-82:  Buyer acknowledges that prepaid items paid separately from the Earnest Money are not refundable.

NON-RESPONSIVE AGENT:  Q: HI - I represented a seller with a post possession and we are turning over the property ot the buyer and her agent is being a b*^$#.  I’m just ignoring her little temper tantrum and going to be at the property.  At what point can I reach out to the buyer directly to give her the keys?  A: I think we still need to work through the agent even if the transaction has closed since it is still their client and there are continued fiduciary responsibilities.  That being said, if the agent is non-responsive and not communicating and you can document that, then reach out only as a courtesy to the buyer.

NON-SOLICITATON CLAUSE:  “If you are currently in an Exclusive Agreement or working with another Agent, please disregard this flyer and do not consider this as a solicitation.”

 

NON-WARRANTABLE:  A non-warrantable condo is a condominium property in which the loan is not eligible to be sold to Freddie Mac or Fannie Mae, and as such, mortgage financing for this type of property is considered by most banks to be more “risky.”

 

If the complex/unit are non-warrantable, you would cancel on the Unfulfilled Loan Contingency NoticeQ: My buyer discovered that the condo he wants to purchase is non-warrantable.  Is that enough reason to be grounds for cancellation to ensure a refund of his earnest money? Or does he need to cite a different reason.  Please advise.  A: This would be a loan denial, so the proper form would be the unfulfilled loan contingency notice which is on zipForms.  However, you could use this as a reason to cancel on the BINSR as well.

NOTICE FORM:  Use form to cancel on HOA Disclosures, cancel when any CURE notice is not resolved/extinguished, cancel when BCA dates expire, cancel when disapprove title report, Ins Claims History, Updated SPDS, Risk of Loss Provision, possibly to remove a contingency, etc.

            

NOVATION AGREEMENT EXAMPLE     http://www.vaillaw.com/VailLaw2/Novation_Agreement.html   NOVATION EXAMPLES     https://www.tidyforms.com/download/novation-agreement-2.html

NRDS ID NUMBER LOOK-UP    https://reg.realtor.org/roreg.nsf/retrieveID?OpenForm  NRDS stands for National Realtor Database System.  All members of NAR will receive their own number.  Your NRDS ID is shown on your NAR membership card—every member should have a card. If your membership card isn't handy, you can also find your NRDS ID on the address label of your monthly copy of REALTOR® magazine. Or call NAR's Information Central, 800-874-6500, and ask for it.Sep 29, 2016

NRDS, CORPORATE NRDS#  080400805

OCCUPANCY REQUIREMENTS:  Check with the city regarding occupancy requirements, ie, what is the max number of people based on the number of bedrooms.

OCCUPANCY:  SEE POSSESSION

OFFER PRESENTATION:  SEE CASE STUDY ON MLS EXPANDED PAGE (RACQUET CLUB CONDO PAGE):

OFFERS, HOW TO HANDLE?  INCAPACATION, DETOX!  Q: I have a new listing at 10606 E Raintree Dr.  The couple are in the process of a divorce and the wife is going through a tough time.  The husband has informed me yesterday that she has checked in to a detox and will not be able to sign or be reached.  We haven't had the listing on for 24 hours and I already have a full price offer.  How do I go about letting the buyers know that I am not going to be able to respond to their offer without telling them the details of the seller?  A: Tell them one of the sellers has become temporarily incapacitated.  You are not legally required to go into any further detail.  Tell them you are not legally required to answer any questions.  Let them know you will be back in touch as soon as you have further direction from your client(s).

OFFICE SPACE QUESTIONS:  Send to Britton.

“ON OR BEFORE” COE DATE:  Do not write COE as "on or before xx/xx/xxxx."  Too ambiguous.  "COE may occur sooner with a written, mutual agreement between the parties."  OR “Seller and Buyer Acknowledge and Agree that COE may occur sooner with written, mutual agreement between the parties.” 

ON OR BEFORE:  FYI- It's not advisable to use the clause "on or before" when referencing the closing date in a purchase contract. You should always have a specific COE date and then if the parties agree, they can always sign an addendum changing it.  

 

ON SITE WASTEWATER TREATMENT FACILITY ADDENDUM:   Please upload a fully executed copy of the On Site Wastewater Treatment Facility Addendum.  ADRE/ADWR requires you t certify the septic tank prior to the transfer of title.  Do not allow this transaction to close without the required certification.  Any agreement to waive this requirement is not enforceable and the seller will be liable, even after COE.  Also, if for some reason a buyer wants to delay certification until after COE, see Great American Title Documents “Notice of Transfer with 15 days of transfer of ownership” (Under the documents tab). 

Q: Waste water addendum was not incorporated into the contract.  Waste water inspection was not requested during the inspection period.  Now the selling agent is requesting that the seller perform the inspection just 10 days prior to COE.  Seller is stating that since Addendum was not attached to and made a part of the contract he will not pay for it.  A: Good morning XYZ, regardless of whether or not the addendum was used, the requirements are still necessary for the Seller to complete based on the Arizona Administrative Code.  The seller needs to be advised of that fact  and if they still do not comply you would need to advise them in writing to speak with an attorney about the risks of not complying with the A.A.C.  See the following links with FAQ’s and the ADEQ site information.

Septic Inspection may be used by multiple sellers within the six month nspection period. Confirmed by Laurie, First Am Title, Septic Co. (50 x if 50 owners).

ON SITE WASTEWATER TREATMENT FACILITY ADDENDUM: Q: This is the second contract I’ve come across recently where the seller has had the buyer waive their right to a septic inspecton being provided by the seller.  I’ve put notes in the files however, I think we should follow up with a call on this?  Also, maybe this would be a good subject for education/meetings that the seller is required by law to provide the ubyer with the septic inspection and it must be don't by a licensed septic inspector and that it can’t be waive in the pc?  Possibly new/newer agents?  (It cannot be waived, Laurie will call).

https://legacy.azdeq.gov/environ/water/engineering/download/not_faq.pdf              https://legacy.azdeq.gov/environ/water/engineering/not.html         ANY PROPERTY SERVED BY A SEPTIC SYSTEM

ON-SITE WASTEWATER TREATMENT FACILITY ADDENDUM: 

ONE BITE AT THE APPLE:  SEE BINSR, Single  Notice

OPEN DOOR:  CHANDLER COUPLE FOUND LIVING IN VACANT HOUSE FOR SALE:  AZ CENTRAL ARTICLE  September 10, 2019

OPEN DOOR, AGENT PROGRAM:  Q: Open Door partners with real estate agents that  are at other brokerages. In the information it said that my broker would need to approve, is this something HomeSmart would be OK with.  A: We investigated that program when it was first rolled out.  Laurie decided that HomeSmart agents could not participate for a couple of reasons including 1) broker supervision, and 2) liability for pre or post closing issues.

OPEN HOUSE, WHO CAN PAY YOU FOR HOLDING AN OPEN HOUSE?  BROKERAGE!  https://www.youtube.com/watch?v=EtzJiH5RC1g&feature=youtu.be&ct=t%28The_SAAR_News_Nov+29_2020%29

OPEN HOUSE, ALCOHOL, CAN I SERVE ALCOHOL AT AN OPEN HOUSE?  Q: Are there any rules about offering alcohol, such as a wine tasting, to guests during an open house?  A: We discourage that and feel it's not a good idea...but it's also not forbidden.   Agent is 100% responsible and 100% liable.  You should alert us if and when this might occur so we can be aware of the timing.  Also, Rich LaRue is our new DB, we will discuss this with Rich to see if he will continue to allow this type of activity at open houses.

OPEN HOUSE:  Q: May I have another agent with HomeSmart do an open house for me on a listing I have without the sellers consent since the home is vacant?  Or would I need the sellers permission to have another agent with our same brokerage do the open house?  A: Hi X, it's always a good idea to let the seller know exactly what marketing activities you have planned, including open houses. They should definitely approve of another agent who is not the listing agent holding an open house on your/their behalf. Do you feel the sellers are going to have an issue with it?  It's really their call, you should make sure they are good with it.

OPEN HOUSE:  Q: CAN HOMEOWNER DO AN OPEN HOUSE?  Homeowner should never do an open house.  The public expects to meet the realtor, not the homeowner.  The last thing we want is for the seller to have direct communication with prospective buyers.  All negotiations are through the Listing Agent as outlined in the ER.  If necessary, spell it out in the Listing Agreement.

OPEN HOUSE: Q: Hi, if a house is in the mls. Can the owner do their own open houses?  A: If they are the owner/agent, or it is a "Limited Services" Listing Agreement (which HS does not allow), that would be fine.  Otherwise, the homeowner should never do an open house.  The public expects to meet the realtor, not the homeowner.  The last thing we want is for the seller to have direct communication with prospective buyers.  All negotiations are through the Listing Agent as outlined in the ER.  If necessary, it should be noted in the Listing Agreement.  

OPEN HOUSE: Q: Is an OUTSIDE BROKERAGE allowed to sit an open house for me?  Thanks  A: Hi xxx, no can do.  A.A.C. R4-28-306(A)(2) prohibits an agent from performing real estate services on behalf of a broker other than the real estate agent's employing broker.  The act of holding an open house constitutes the performance of real estate services, ie, a real estate license is required, therefore, the listing agent is required to have an agent in their own brokerage firm hold the open house.  Maybe you could convince them to join HomeSmart so they would be able to hold your listing open...?  Take care, Jeff.

OPEN HOUSE:  CAN I HOLD AN OPEN HOUSE FOR A FSBO?  Q: Hello Brokers: Wondering about the Brokers view on an agent holding Open House on a FSBO?  A: Hello X, That would be against both HomeSmart and ADRE policy.  We would need a signed ER Listing Agreement with the seller since the act of holding an open house constitutes the performance of real estate services, ie, a real estate license is required.  A.A.C. R4-28-306(A)(2) prohibits an agent from performing real estate services on behalf of a broker, entity or individual other than the real estate agent's employing broker. 

OPEN HOUSE, CAN AGENTS ADVERTISE ON OPEN HOUSE IN PUBLIC REMARKS SECTION OF MLS?  NO!  Advertise in open house section:  daily functions, dashboard menu, tour, open houses, add under open house.

OPTIONS: Just a quick reminder that it has always been our policy that we don't advise agents on legal language for options, the principals in the transaction would need to have those drafted and reviewed by an attorney to determine if it's acceptable and/or legally binding and enforceable. Even though Article 26 states that licensees have the right to draft or fill out and complete, without charge, purchase contracts, options are outside our scope and field of expertise, we have always advised agents to have their clients to seek legal advice regarding options. AAR doesn't offer any standard legal language or addendums for options and HomeSmart doesn't offer any legal language, clauses or addendums for those as well.

“ OTHER TERMS AND CONTITIONS REMAIN THE SAME”  Do not use, creates an ambiguity.  Could refer all the way back to the original contract.”

 

O/A ADDENDUM, BUYER REFUSES TO SIGN:  Let them know this isn't just another document from the other brokerage.  It is our Owner/Agent Addendum to the purchase contract and it is a required document for our seller/owner/agent.  That is also why we advise to upload to the docs tab in the mls and instruct the agent to include it along with their offer.  Otherwise, you have to present it in a counter offer.  Ask them again to sign it, after all we sign their owner/agent addendum.

OTPC: Q: I show this file as being marked complete. Was the OTPC ever sent?  A: If there is a note in the history that says that the commission instructions have been approved by the agent, they have been sent. 

OTPC:  Commission approval sent to agent approx 5 days prior to COE.  Commission released to agent if file complete.  Will be sent to HS if file not marked complete. 

OWNER AGENT, B UYING:  Q: If I personally purchased an investment property for the purpose of fixing up and selling, BUT I had another agent from another brokerage list it for me, what are my liabilities as a licensed agent, and is this permitted by HomeSmart? The property would be held in an LLC with me as the sole member.  A: As a licensee with HomeSmart you are allowed to hire another agent to list and sell your property on your behalf.  You would need to disclose in the contract that "seller holds an active AZ Real Estate License."  Your liability would be the same as any other seller, ie, disclosures, performance, etc. 

OWNER AGENT:  SPECIAL LISTING CONDITION IN ARMLS

OWNER AGENT TRANSACTIONS: SALE, PROCESS AND DISCLOSURES: HomeSmart has very specific requirements regarding owner/agent transactions when you are listing and selling your own home.  E&O Ins. coverage could be affected.  Steps: 1) The first step is to create a listing agreement and transaction file using AAR approved forms with you as both seller and agent, 2) the SPDS and insurance claims history cannot be waived, 3) the buyer must be given the opportunity to complete a home inspection and choose a home warranty (at buyers cost), 4) the HomeSmart Owner/Agent Addendum must be attached to the purchase contract, we recommend that you upload that document into the docs tab of the MLS and in the private remarks section say something like “please submit the Owner/Agent addendum in the doc’s tab with your offer (if it’s not attached to the offer, you will need to submit a counter offer), 5) all advertising must disclose owner/agent, 6) if you have a yard sign you must attach an owner/agent sign rider, 7) the contract must include the language that the buyer is aware that the owner/seller holds an active AZ Real Estate License and is representing herself/himself in this transaction. 

 

Remember, you cannot represent the buyer when you are the seller.  The buyer will need to have their own representation or be unrepresented.  If the buyer is unrepresented, you will have them sign the HomeSmart form titled "Declination of Representation."  Also be sure to check the Owner/Agent Box in the Special Listing Conditions section of the MLS Residential Input Form.  Finally, the same fees are due to HomeSmart on owner/agent transactions.  (NOTE:  $20K E&O Deductible on owner/agent sales)

 

OWNER/AGENT QUESTION: QUESTION: Is it legal in Arizona for a Realtor to sell their own home and also represent the buyer (dual agent/owner agent)?  ANSWER: HI X, No, you cannot represent one principal (seller or buyer) when you are the other principal (seller or buyer) in a real estate transaction.  That would create a conflict of interest, you would never be able to be "objective" in your dealings with the other party.  ALSO SEE:  AGENCY, PRINCIPAL

 

OWNER/AGENT LEASE: Same basic process and disclosures as a sale:  1) You will need to create a listing file with you as both landlord and agent representing yourself. 2) Please also remember that as the owner/principal, the buyer will need to have their own representation or be unrepresented. 3) If unrepresented, you will have them sign the HomeSmart form titled "Declination of Representation."  4) In addition to the standard lease documents, you will also have them sign the Landlord/Agent Addendum to the Residential Lease Agreement.  This is also a HomeSmart document on your RSA Portal in the downloads link.

OWNER/AGENT LANGUAGE:  “Buyer acknowledges and is aware that seller holds an active AZ real estate license and is representing herself/himself in this transaction.”

OWNER AGENT?  Is it considered an Owner/Agent sale if my husband/spouse owns the property sole and separate?  A: Hi Debbie, I did speak with Trudy, if it is your husbands sole and separate property then that would not be an owner/agent transaction, although you would still need to disclose that the seller is related to the listing agent.  As for the coming soon, yes, you could let people know now but you do need a signed listing agreement to market the property now.  Keep me posted, thx, JT

OWNER AGENT ADDENDUM:  Q: I have a buyer's agent that would like more insight on why Homesmart requires the Owner Agent Addendum when I am a listing agent of a home where I have ownership interest. Specially that clause that says "By closing escrow, Buyer agrees to release and hold HomeSmart harmless from any liability or responsibility for the physical condition of the Property.”  A: Hey, Danny. All of the things listed on the Owner-Agent Addendum are required by our E&O Insurance Carrier in order to cover our agent who is acting as a principal as the seller on the contract. As for the disclaimer, we are simply attempting to relay that the agent is an independent contractor acting on his/her own behalf, while at the same time reiterating the language that's already in Sec 8n of the purchase contract (Release of Brokers).  In other words, just because it's an owner-agent listing, it doesn't mean that the listing broker is proffering the buyer anything more then we otherwise would in a normal arms length transaction.

OWNER AGENT ADDENDUM:  VACANT LAND PURCHASE CONTRACT:  Q: Broker Comment that says buyer didn't initial line 2 of the owner / agent addendum.  It is vacant land so their isn't a home warranty available…?  A: Hi X, I confirmed with Ashley Gomez that you should upload the missing paperwork form and state that "This is a Vacant Land Purchase Contract, Buyers initials on line #2 of the Owner/Agent Addendum Do Not Apply."

OWNER/AGENT IS NOT A PRIVATE SALE!  Q: Title Co-Hello I’m working on this close out and I’m missing the commission breakdown can you please email that to me as soon as possible?   A: There are no commissions.  This was a private sale.  Any transaction in which you are involved must go through HomeSmart.  This is because as per ADRE rules, your employing broker (HomeSmart) is responsible for supervising all of your real estate activity and this means EVERY transaction in which you are involved.  That being said, we must have a file in our system and regardless of your taking  a commission or not, there will be instructions sent to title.  I do not see a file in our system for this transaction.  Please advise..........

OWNER AGENT, HIRE ANOTHER AGENTQ: I am listing a home for someone who is licensed agent in AZ.  I know I disclose that in MLS and we write  in PC.  Does this make her Owner/Agent also? or does that only mean if it were my house?  Owner/Agent term always confuses me. Thanks  A: You must state that the Owner has an active AZ real estate license.  If they are not the listing agent then you don't need the Owner Agent Addendum.   TM

OWNER/AGENT:  Q: Is it legal in Arizona for a Realtor to sell their own home and also represent the buyer (dual agent/owner agent)?  Can you direct me to where I find that in writing? Is it in the AZ Revised Statutes?A: Hi X, No, you cannot represent one principal (seller or buyer) when you are the other principal (seller or buyer) in a real estate transaction.  That would create a conflict of interest, you would never be able to be "objective" in your dealings with the other party.  Please let us know if you would like to discuss further.  AA:  Hi X, You had asked for some background on owner/agent dual agency and why it's not allowed...The clip below is from the HomeSmart Policy & Procedures Manual and includes acting as an owner/agent seller or owner/agent buyer, same concept.  I have also attached an article from the aar legal hotline which clearly states the the inherent conflict and that it's not allowed.  You can find more details in A.A.C. R4-28-1101 as noted in the article. (ATTACH AAR LEGAL HOTLINE ARTICLE, OWNER OF PROPERTY MAY NOT SERVE AS DUAL AGENT).

 

 

 

 

 

 

 

OWNER CARRY: (SEE SELLER FINANCING):  What does the term "Owner Carry" mean in real estate terms?              

http://homeguides.sfgate.com/owner-carry-mean-real-estate-terms-7866.html

OWNER OCCUPANCY REQUIRED:  SPECIAL LISTING CONDITION IN ARMLS

OWNERS TITLE POLICY IN CONTRACT:  See line #129, “Buyer shall be provided at seller expense…”