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The Arkansas REALTORS® Association DOES NOT RECOMMEND the use of escalation provisions outside of the obligations and limitations created by AREC Regulation 10.10 and the embedded Pope County Bar Association v. Suggs decisions from the Arkansas Supreme Court.
Arizona: Real estate attorneys are not essential for closing but may be advised by your real estate agent. Arkansas: Real estate attorneys are not essential for closing but may be advised by your real estate agent.
The Real Estate Commission consists of five members appointed by the Governor for three year terms.
Here are eight things you should do to make selling your home on your own a success: Decide whether FSBO is right for you. Price your property right. Prepare to show your home. Get serious about your listing. Be flexible and responsive to buyers. Negotiate the price. Hire a real estate attorney. Consider an iBuyer.
Most Common Complaints Incomplete and duplicate contracts. No permits. Easement errors. Mineral rights. Failure to review or recommend survey. Contract drafting. Failure to review title. Loss of earnest money.
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Drawbacks of the Escalation Clause \u201cOne of the main drawbacks to an escalation is that you give away your maximum number,\u201d explains Musau. \u201cIt's essentially showing all your cards, and can drive the price of the home outside of your top number if there's another offer with a higher escalation.\u201d
The mission of the Arkansas Real Estate Commission is to protect the public interest, through the examination, licensing, and regulation of real estate brokers and salespersons, and through administration of the Arkansas Time-Share Law.
An escalation clause is only triggered if there are competing offers, so you should not include an escalation clause in your purchase offer unless you and your real estate agent are confident that there will be multiple offers. The seller is not accepting escalation clauses.
These days, most real estate transactions are handled through standardized forms and real estate agents and brokers who aren't trained in real-estate law. If a piece of real estate is big enough to possess monetary value, it's important enough to warrant hiring a real estate lawyer in Arkansas.
There are four principle ways in which agents cheat customers: failing to tell sellers of higher bids when lower bids provide the agents with more commission through mortgage and insurance needs; switching second bidders to other properties when buyers are in short supply; selling unnecessary insurance or the wrong ...

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