Five Considerations When Filling out Residential Purchase Agreement + Properly Handling Dual Agency
CRES Insurance Risk Management Webinar Series · CRES Insurance
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Show Notes
The Residential Purchase Agreement is the most important form of a real estate transaction. But it’s also the cause of most of the litigation that occurs in real estate.
In this webinar, Mark Carlson, an attorney from Carlson Law Group, and Dave Miller, who manages the CRES Advantage Home Warranty Program, discuss 5 key issues to consider when filling out the Residential Purchase Agreement (RPA), including:
The dangers of having incomplete information in the purchase agreement
The pros and cons of buyers specifying service providers in the agreement for things like escrow, title, and home warranty.
Properties with tenants and possession issues during the pandemic, with the uncertainty of eviction moratorium timeframes
Dealing with multiple counteroffers
When you have a validly approved counter-offer — and when you don’t
Dual agency is also a hot topic right now. The current market is tough and opportunities to be both the listing agent and buyer’s agent can be lucrative with commissions – but they can also be dangerous. Mark and Dave discuss the potential pitfalls, the importance of disclosure and confirmation, and your fiduciary duty if you do decide to pursue dual agency opportunities.