Legal

STATE REAL ESTATE CARAVAN INFORMS LICENSEES OF RULES

This week, local licensees in the fields of mortgage, appraisal and real estate were visited by administrative authorities of the Utah Division of Real Estate who conducted meetings at the [...]

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CHOOSE CONTINGENCIES CAREFULLY IN OFFERS

The state approved Real Estate Purchase Contract (REPC) provides for special considerations and contingencies when offers are prepared for purchase. In this day of Short Sales, Foreclosures and REO properties, [...]

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CONTRACTING PARTIES SHOULD HAVE AUTHORITY TO ACT

Practitioners in the business of representing others in the marketing and sale of real property must know that the parties responsible in decision making regarding the listing, marketing and sale [...]

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SWAMP COOLERS HAVE A HOME IN THE DESERT

Long time residents of Southern Utah know the impact and change that has occurred in this area due to the coming of air conditioning. One device known to many is [...]

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Contract Cancellation Throws Seller on Horns of Dilemma

The current Utah Real Estate Purchase Contract (REPC) is structured to provide the buyer the right to perform various inspections and evaluations within a prescribed time period and then in [...]

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Acceptance of Offers is Seller’s Call, Duty not Dictated

In order to form a contract, there must be, among other things, an offer and an acceptance. Relative to the timing and priority of offers when there are multiple offers, [...]

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Separation of banks from real estate is important

REAL ESTATE by Jim Coleman, REALTOR® SEPARATION OF BANKS FROM REAL ESTATE IS IMPORTANT The matter of whether or not to permit banks to be owners and operators within the [...]

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Current market demands some practical realism

REAL ESTATE by Jim Coleman, REALTOR® CURRENT MARKET DEMANDS PRACTICLE REALISM Readers have inquired as to the Buyer Representation Summit reported last week. A few observations and reflections are appropriate. [...]

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Mortgage fraud, no matter how small, is bad news

REAL ESTATE by Jim Coleman, REALTOR® MORTGAGE FRAUD IS HOT AND BAD There are many things for which Utah is, and justifiably can be, very proud, pleased and satisfied, but [...]

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Contract deadlines must be realistic in nature

REAL ESTATE by Jim Coleman, REALTOR® CONTRACT DEADLINES MUST BE REALISTIC Most contracts for the purchase or real property contain specific terms and conditions to be satisfied and deadlines for [...]

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