Corporations are business entities separate and apart from their individual shareholders. Corporations Corporations are business entities separate and apart from their individual shareholders. Where corporate formalities are followed (among so so many other things), the corporation’s shareholders, directors and officers are generally protected from the claims against the corporation. A shareholder’s liability is usually limited to… CONTINUE

Brokers and Finders are NOT the same thing. The distinction is important when it comes to collecting money and limiting liability. Finders, for instance, are exceptedfrom California’s real estate licensing requirements, and other regulations governing the broker-client relationship. Thus, a finder need not be licensed as a real estate broker.1 Indeed, it maybe better not… CONTINUE

“Puffing” is an art; but where’s the line from “puff” — to problem? You want to get attention focused on your listing, as opposed to the swarm of others out there. You’re under obligation to the client is to make the property sound as attractive as possible – from a buyer’s perspective; whether it’s the… CONTINUE

It’s right there in paragraph 24 (or 16, or 32): “Time is of the essence.” So what? Many agents will tell a client “It’s just the boilerplate.” Or, even worse, “It doesn’t really mean anything, as long as you close close to the closing date.” (Say that three times really fast.) This “boilerplate” means something…. CONTINUE

Napoleon Solo; Simon Templar; Derek Flint; and – of course – Bond, James Bond. All of them, great agents. But did they owe “fiduciary duties?” A real estate agent is a fiduciary to the client, and as a result incurs a host of responsibilities – and potential liabilities. So, what makes an agent, an “agent?”… CONTINUE