Easily Hide List to the Commercial Real Estate Contract

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How to Hide List to the Commercial Real Estate Contract

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hey guys so today i want to show you how to write a commercial contract okay so if youve been asking yourself am i allowed to do commercial deals the answer is yes you can do a commercial deal with the license you have the same one you use to do residential um so if you get a commercial deal uh you know feel free to work that deal or get some help on working that deal i want to show you how to do this simple contract there is a simple contract in transaction desk that you can use for a commercial deal one thing i will tell you is if it happens to be that you land some major deals such as a shopping center or shopping mall or something that is kind of a little bit bigger and outside traditional um you know single office building or whatever the case may be or a single industrial property uh you might actually want to have a lawyer involved for that buyer that will write a specific contract because there are just certain things about um you know bigger properties more complex properties

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What is the most common form of bdocHubing a listing agreement?

However, you would be surprised how many agents bdocHub contract by inadequately marketing their clients home. The National Association of real estate agents states that inadequate marketing is the most common way an agent can break a listing agreement.

At what point must a listing agent disclose material facts to all parties involved in the transaction?

They must still disclose agency at first substantial contact but may work under an oral agreement up until the submission of an offer on the buyers behalf. At the time of submission of an offer the licensee must have a written buyer representation agreement.

What type of information must be disclosed to the seller?

Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.

What is an example of a hidden defect?

A few examples of hidden defects: the house was built on a bed of gravel made up of pyrite; theres mould inside the walls; the foundation is crumbling, but the finished basement makes it impossible to see; the electrical wiring or certain pipes are defective; the house was used to grow cannabis; theres a hydrocarbon

When can one say that a defect is hidden?

To be considered a hidden defect from a legal point of view, the problem identified must meet several conditions: it must be serious, hidden, present at the time of the sale and unknown to the buyer.

What is a hidden defect in real estate?

Latent defects or Hidden Damage are defects to a property that are not generally discoverable by a prospective purchaser on a reasonable inspection and ordinary vigilance. This can include issues such as, faulty electrical wiring hiding behind the walls or a well-hidden termite or mold problem.

Who is liable for hidden defects?

If the seller knowingly conceals or otherwise manipulates the facts, he may not only have to compensate the buyer for the loss in value of the property, but may also be ordered to pay damages as well. The seller is therefore the one who bears the greatest responsibility for hidden defects.

What is meant by hidden defect?

Generally, a hidden defect can be described as any flaw or defect resulting from inferior design, deterioration, or an unseen construction mistake made prior to sale.

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