by Gary Pickren | May 18, 2018 | Legal Tips
Often when a real estate agent works with a buyer, the buyer will mention what they intend to do with the property if they were to buy it. The buyer may say something like they want to install a swimming pool, store a recreational vehicle or raise horses on the...
by Gary Pickren | May 11, 2018 | Legal Tips
A real estate agent recently asked me about the meaning of the survival clause in the contract. The agent thought that the survival clause meant that if a party to the contract died, her family still had to purchase the house. The survival clause is Paragraph 28 in...
by Gary Pickren | May 4, 2018 | Legal Tips
If a property is under contract to close and the buyer notifies the seller that they will be unable to close, can the seller re-list the property and accept another contract? It is a difficult question to answer without some caveat. When this situation arises it is...
by Gary Pickren | May 4, 2018 | Legal Tips
If a property is under contract to close and the buyer notifies the seller that they will be unable to close, can the seller re-list the property and accept another contract? It is a difficult question to answer without some caveat. When this situation arises it is...
by Gary Pickren | Apr 27, 2018 | Legal Tips
I continue to get calls asking when a contract is considered ratified. The agents also want to understand how the contract effective date is determined and when timing is triggered in the contract on items such as due diligence. On June 17, 2016, I wrote an post...
by Gary Pickren | Apr 19, 2018 | Legal Tips
On August 26, 2016 I wrote a legal tip discussing the new Offer Rejection Form that was required under the new Real Estate Agent law. South Carolina Code §40-57-135(I)(5) states, “If an offer is rejected without counter, an offer rejection form, promulgated by...
