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Reason # 432,123,599,322 To Get Your Realtor/broker License

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Digger88

Elite Member
Joined
May 11, 2010
Professional Status
Certified Residential Appraiser
State
Virginia
friend of mine is selling his house to a neighbor and didnt want to handle a real estate contract. so i wrote one for him and charged 1% for 1 hour's worth of work. MONEY!!! lol
 

CindyR

Senior Member
Joined
Oct 26, 2003
Professional Status
Certified Residential Appraiser
State
Arizona
Someone should tell the AMCs to become RMCs
 

Tom Woolford

Elite Member
Joined
Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Sounds to me like practicing law without a license.
 

Sid Holderly

Senior Member
Gold Supporting Member
Joined
Jun 16, 2005
Professional Status
Certified Residential Appraiser
State
Indiana
In Indiana you can fill in the blanks in a preprinted contract (or any other legal document), (many available on line), but not write a complete contract. They stress that in CE classes for RE agents, refer to Tom's statement.
The property owner or the property buyer can write their own, however, if they are not an RE agent. Since appraisers are a part of RE code in the State that probably gos for appraisers to.
 
D

Deleted member 134708

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Must not be to good of friends. US legal forms has whole FSBO packages, offer to purchase, real estate contracts, disclosure contracts etc for $49.
 

The Warrior Monk

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Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
Agents here don't fill out sales contracts; only attorneys fill them out due to liability reasons. If something goes wrong with a deal, which will happen many times over the course of a salesperson's career, the agent has provided any party suing one additional reason to sue them. IMHO, the liability isn't worth the compensation. If someone wants their 1%, they're better off doing various referrals; i.e., obtaining listings for an office (which someone else sells), referring people to various agents, etc.
 

Sid Holderly

Senior Member
Gold Supporting Member
Joined
Jun 16, 2005
Professional Status
Certified Residential Appraiser
State
Indiana
The lawyers for the State ASSN of REALTORS developed the forms that most use with the variable blanks as needed. The forms also include limitations on the seller/buyers recourse to the agent.
There is a form, amendment, adendun for many situations.
A lawyer generally owns the local title company and signs off on those documents and the deed.

RE agents and appraisers shirk their duties when they assume the County Data is correct. Assessors only rarely visit a property and make a detailed building by building inspection.
Total square footage, living area, basements, outbuldings often are different from the Public published data.

However, there are few disagreements that end up with the State Attorney General (Real Estate Licensing agency) for legal action.
 

Tom Woolford

Elite Member
Joined
Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Actually, here in AZ no lawyers are required for RE contracts and they RARELY get involved.

He was not an agent involved in the transaction. He was performing a service for which he is not licensed.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
88 ain't never worried about ethics, just $. I'm surprised he isn't on the Coester management team. He sure advertises with teasers.
 
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