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When something appears to be too good, it almost always is. Property listing scams naturally aim to steal your money. Scammers will try to get you to send a funds for a security deposit or move-in fee without ever seeing the apartment, and they’ll keep the money without any meaning of renting to you. Follow … Continue reading “How Can You Tell If a Property Listing Is a Scam?”
Real estate brokerage REX has filed a lawsuit against the State of Oregon for its antitrust practices and anti-rebate policies. Click here to read more There are a lot of talk and assertions by some on that it is illegal or unethical for a real estate agent to provide a rebate to a buyer in … Continue reading “Discount brokerage REX takes aim at real estate cartel”
Contingencies are legal clauses stating that certain requirements that must be met before the contract can go to settlement. Contingencies protect the buyer’s interest, and allow the buyer to terminate the contract and keep their earnest money (deposit given at the time of a ratified contract). We have broken down the different types of contingencies … Continue reading “What you need to know about contingencies.”
The legislature passed a 5 cent per $100 increase in Northern Virginia and a 6 cent per $100 increase in Hampton Roads to be used for their regional transportation projects. The Governor’s proposal had included a 10-cent increase in both regions and NVAR successfully lobbied to have theirs reduced to 5 cents. The Realtor® associations … Continue reading “Effective July 1, the grantor’s tax in Northern Virginia and Hampton Roads will increase.”