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Get the Facts is produced by the Washington Association of REALTORS® each Tuesday and is provided as a member benefit to Washington REALTORS® and affiliates.
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December 15, 2015 | Weekly
MEMBERSHIP Newsletter
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QUESTION
Buyer delivers the Form 35R inspection response at 10pm Tuesday. The 35R is due on Wednesday by 9PM. Is it still considered delivered Wednesday because it was delivered after 9pm or was it delivered on Tuesday, to start the count down for the seller response?
ANSWER
Based on the facts presented, buyer's 35R was delivered Tuesday and the first day of seller's three day response period is Wednesday. The fact that Form 35R was delivered after 9 pm is irrelevant because the response was not due until Wednesday. Had the response been delivered at 10 pm on Wednesday, buyer would have already waived the inspection contingency by failing to respond timely (before 9 pm). Since buyer responded the day before the response was due, the time of delivery was irrelevant. Form 35R was delivered before midnight on Tuesday so it was delivered on Tuesday..... Printer-friendly Version
The Legal Hotline Lawyer does not represent Washington REALTORS or its members. To browse through our database of past Q & A's, visit www.warealtor.org. Attorney Annie Fitzsimmons writes the Legal Hotline Question and Answer of the Week. Please submit questions to legalhotline@warealtor.org or call (800) 562-6027. Please have your NRDS number ready when you call or e-mail the Hotline with your question.
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Department of Licensing Changes
IMPORTANT NOTICE FROM THE DEPARTMENT OF LICENSING:
The DOL is ending their Olympia Office Counter Services. Starting January 1, 2016, the Real Estate Programs will no longer offer counter services at the Olympia Office. Because of this change, initial license applicants will use their application as an interim license. The department will no longer provide a separate interim license for initial, renewal or other purposes.
WAC308-124A-727
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Urgent Alert:
Sophisticated Email Scams Targeting the Real Estate Industry
(source:
REALTOR.org) Criminals are hacking into the email accounts of real estate agents or other persons involved in a real estate transaction and using information gained from the hack to dupe a party into a fraudulent wire transfer. The hackers often send an email that appears to be from an individual legitimately involved in the transaction, informing the recipient, often the buyer, that there has been a last minute change to the wiring instructions. Following the new instructions, the recipient will wire funds directly to the hacker's account, which will be cleared out in a matter of minutes. The money is almost always lost forever.
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4 reasons 2016 is the year to buy a home
(source:
Money.cnn.com) INFO TO SHARE WITH CLIENTS: Mortgage rates have been bouncing around record lows for a while now. But even though they're likely to start going up, you haven't missed your chance to get a deal on a house. A number of factors are coming together, making next year a good time to buy:
1. Home prices will finally calm down Real estate values have been on the rise for a while, but are likely to slow their pace next year. Prices are expected to rise 3.5%...
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Latest Friday Video
Here is a
short video you can send to your clients and embed into your media to let your clients know that now is a great time to list your home
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A real estate agent's guide to handling divorcing clients
(source:
Inman.com) Laurel Starks, Keller Williams expansion team leader and author of the book,"Divorcing The House" tells her story of how handling divorce real estate became her passion. Handling divorce property is a challenge in neutrality, plus you are doing a lot more work, keeping both parties (and their attorneys) up to date.Doing your due diligence in divorce real estate is crucial -- mortgage payments can often be in arrears...
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5 Things Your Real Estate Photographer Wishes You Knew
(source:
Realtor.com) Folks, it's 2016 (nearly!). Contrary to what you might have heard, a buyer's first impression is no longer that special moment when they first pull up to check out your curb appeal. In fact, more often than not, they've already checked out your place from front to back online-and for all you know, they may have decided to cruise right by. Most buyers spend weeks
stalking perusing online listings, making Pinterest dream boards, texting must-see homes to their agent, and, well, judging. And what is the key difference between a home deemed a HILF (home I'd like to finance) and one doomed to be mocked on social media? Photos.
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Registration is Open!
Register today and mark your calendars for Washington REALTORS annual Legislative Day Event - January 20th-21st. This year's key note speaker will be NAR Senior Vice President and Chief Lobbyist, Jerry Giovaniello. Register
here and stay tuned for more details.
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FREE Housing, Land Use & Growth Management Resources
Washington REALTORS has prepared a number of policy and educational resources for local associations to better understand housing, land use and growth management issues in Washington State.
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Best-in-class...
WITHOUT THE CLASSROOM.
Innovative video technology. Recognized industry experts and coaches. A live-like environment.
Timely and relevant topics. Best-in-class learning from Keynote.
Quality CE -when you need it. Register here.
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BEST OF THE LEGAL HOTLINE
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If I put my license on ice in Olympia, am I allowed to be compensated by other RE Brokers for referrals? Or does my license need to be hanging in my Designated Broker's office?
The Legal Hotline is a Washington REALTORS Member's only benefit. To access the Hotline, you will be prompted for your NRDS # and your password.
The Legal Hotline Lawyer does not represent Washington REALTORS or its members. To browse through our database of past Q & A's, visit
www.wwarealtor.org. Attorney Annie Fitzsimmons writes the Legal Hotline Question and Answer of the Week. Please submit questions to legalhotline@warealtor.org or call (800) 562-6027. Please have your NRDS number ready when you call or e-mail the Hotline with your question.
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