Real Estate Term of the Day: Agency AGENCY – the relationship between a principal and his agent arising from a contract in which the principal engages the agent to perform certain acts on the principal’s behalf (Barron’s Dictionary of Real Estate Terms) In Colorado, there are three types of agency relationships that can be established: … More Real Estate Term of the Day: Agency
As a prerequisite for selling real estate, real estate professionals must be licensed by the state in which they work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations and experience, which are determined on a state-by-state basis, must be met. After receiving a real estate … More The Difference Between Real Estate Brokers and REALTORS®
Recently, Realtor Magazine published an article called “Clearing the Closing Hurdles.” This article named the 5 of the most common problems that are causing closing delays. They are: Financing falls through at the last minute Appraised value doesn’t support contracted sales price New lending and closing regulations create delays Title can’t be transferred at closing … More How to: Minimize Closing Delays
One thing that is certain in this challenging real estate market is the need for full-time REALTORS®. Things are changing on a daily basis in the real estate market; whether its changes in upfront MIP (Mortgage Insurance Premium), changes to the purchase contract, new lead based paint removal regulations, the HVCC appraisal code, etc. I truly … More The Importance of a Full-Time REALTOR®
LESLIE MONACO REAL ESTATE 