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Writer's picturemelissa-gilbert

November 2024 Newsletter: Assisting All Agents

Updated: Nov 12





What sets us apart is attention to detail. Not only do we pay attention to the details of your contract, but we aggregate and analyze the data from hundreds of contracts. The resulting information gives us insight into market trends, which we delight in passing along to you.

 



GAR Form of the Month

Broker's Authorization to Hire Vendor (GAR F828)


This month’s newsletter spotlights an essential tool for agents: the Broker’s Authorization to Hire Vendor form (GAR F828). This form is designed to protect brokers when recommending vendors to clients. It clarifies that providing vendor names is a courtesy only and does not imply any guarantee or endorsement of the vendors’ quality, services, or reports. By signing, clients acknowledge that they’re free to choose any vendor and release the broker from liability regarding vendor performance.

I highly recommend agents use this form whenever arranging repairs before listing a property or when assisting with repairs during the contract period. Note that this form does not cover negotiating repair payments at closing. In those cases, it’s wise to consult an attorney about drafting a promissory note between the seller and contractor. This added step helps secure lien rights for the contractor in case the sale doesn’t close.


Note: The information provided in this newsletter is for general informational purposes only and should not be construed as legal or brokerage advice.

SS 738 UNFULFILLED CONDITIONS AT CLOSING*

Buyer and Seller agree that [ ] Buyer OR [ ] Seller did not complete the following prior to closing: ___________________________________________________________________________________________. For and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed that the items referenced above shall be completed by [ ] Buyer OR [ ] Seller within __________ days after the closing. It is the intent of the

parties that this provision shall constitute an Amendment to the Agreement and survive the closing.



Thursday, November 28, 2024

Thanksgiving Day

(Note : Most attorneys and RHRE also close Friday Nov 29, which is a state, not federal holiday)


Tuesday, December 24, 2024

Wednesday, December 25, 2024

Christmas Eve and Christmas Day

(Christmas Day is a Federal holiday but most closing attorneys are not open on Christmas Eve. If you have a 24th closing, you'll need to do an amendment.)







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