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Legal blog posts on real estate, closings, business, estate planning, and more. Blair | Cato is here to help and inform. If you believe you need our services, contact us.
An Out of State Banking Issue that Can Delay Funding Your Closing.
When your buyer is moving from out of state they don't always have access to a local bank. As such, getting a certified check or wire is often difficult because the bank requires the customer to come in person to implement the transaction. This out of state banking...
What Do Disney World and your Closing Have in Common?
Here is a short video on scheduling closings on the best day possible for you and your client.
AGENTS: REGISTER TODAY FOR MCE/CE!
There are still a few seats open for MCE/CE classes. The next class day is Tuesday, May 28. You can register at: https://www.blaircato.com/classes/
4 Reasons End of Month Closings are Bad for Agents!
Here is a short video on why you don't want to close at the end of the month. Let's change the industry and stop the madness!!!! Also, in case you missed it I posted our first installment of Brokers in Cars Talking Contracts. New episodes each week!...
Finally. Episode 1 of Brokers in Cars Talking Contracts!!
LET'S TRY IT AGAIN. TO PLAY CLICK ON THE PICTURE ABOVE!!! Episode 1 starring Fred Reichhardt of Coldwell Banker Residential Brokerage (retired) covers all you need to know about Paragraph 1 of The Central Carolina REALTORS' Association contract. This week's vehicle...
Do you Really Understand Interim Interest?
In last week's blog about not closing at the end of the month, I promised to discuss interim interest. Here is a short video on the topic. (I hope I did this right. Jordan is out having a baby so who knows if I downloaded it right!!). By the way, I am moving from a...
Save Yourself a Huge Headache!!!!
The last day of April was on a Tuesday. Blair Cato closed something like 25 houses on that day. On Wednesday I think we closed only 3 or 4. Those closings were mainly the ones that moved from Tuesday because lenders could not get the loan package done in time....
The New Problems with Earnest Money.
As you may have noticed, many real estate agencies have moved away from holding earnest money. Most of these agencies request the closing attorney hold the earnest money for the transaction. I have spoken to several closing attorneys and most are experiencing similar...
IT IS FINALLY OVER!!! After 10 Weeks We Filmed Our Last Show.
A ton of "controversial and dramatic" stuff happened on the Season Finale of the Bachelor this week. Did Colton find love? Was Cassie here for the right reasons? Is he still a virgin? Does you even care!!?!?!?! Each week over 1,000 people watched our tragically stupid...
Agents Beware of This Buyer.
Have you ever received a contract that was non-contingent on the Sale or Sale and Close of the buyer's house and wondered if the buyer was being truthful about their financial ability to purchase the house without selling their home? Have you ever complained about...
DOL Proposes New Rule Increasing Minimum Pay for Exempt Employees
The United States Department of Labor (“DOL”) has published a new rule it proposes to increase the minimum salary threshold for exempt employees from $23,660 annually ($455 per week) to $35,308 annually ($679 per week) in order for an employee to qualify for the Fair...
OUR FUNNIEST EPISODE EVER. ONLY TWO CHANCES LEFT TO WATCH 3 DUDES WATCH THE BACHELOR.
So much stupid stuff happened on the Bachelor this week (Colton finally jumped the fence) that our show could not help but be hilarious. Each week over 1,000 people watch our tragically stupid internet show about the greatest or worst show on TV. Join us on Facebook...