Скачать или смотреть 🎉 Pop Quiz! ☺️ | Transaction Confidence: Top 10 Contract FAQ Answered

Ready to test your knowledge on real estate transactions and the 2022 GAR Purchase and Sale Agreement? Derek Varnadoe shares some of the most popular agent questions and provides insight and answers based on the terms of the contract. The GAR contract is the most popular contract in Georgia, is revised annually, and offers more protection for the parties and brokers than any other agreement.

THE QUIZ:
1. How should the contract be signed when the seller is an LLC?

2. If the Binding Agreement Date is the 1st of the month, and the earnest money is due within 2 days, when are the funds due?

3. Do weekends and holidays count when measuring timeframes for the Due Diligence and contingencies?

4. Should I include the Property Sold with Right to Request Repairs Exhibit or negotiate a Due Diligence Period?

5. If the property's condition changes, is the seller required to update the Seller's Property Disclosure Statement?

6. Can the GAR contract be assigned to another buyer?

7. Can I work with a buyer to make an offer on my listing? Note: My broker does not offer Dual Agency?

8. Can a buyer make an offer to purchase multiple properties at the same time?

9. What is a "10 Day Letter"?

10. The listing agent sent me a text, stating my buyer's offer was the winner, later to apologize and say the seller chose another offer. What can we do? Legal?

THE CLASS:
"Transaction Confidence: Working with Buyers and Sellers" is a three-hour continuing education course offered to Solid Source agents. Georgia real estate licensees are introduced to the key principles of advertising, brokerage relationships, and contracts. This class is instructed by Derek Varnadoe, who is a Georgia real estate broker, REALTOR®, and VP of Broker Services at Solid Source Real Estate Companies and is available to watch in a four-part video series.


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Copyright © Solid Source Real Estate Companies. All rights reserved. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, legal advice. You should consult your own legal counsel, or real estate broker if a real estate licensee, before engaging in any transaction.

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