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Inaccurate property description reduces commission


The Supreme Court of Vermont partially reversed a trial court's ruling in favor of a brokerage's commission on the sale of a farm, a business operated on the property, and various equipment and machinery. The original verdict had stated that the brokerage was owed additional commission for the sale of the entire farm, including farming equipment, and so should receive payment for that as well. However, because the description contained in the listing agreement only set forth the property's street address, the state's high court partially reversed the earlier decision.

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Still Need CE or CORE in 2011? Get it here.


Licensees need the mandated CORE course at least once every four years as required by KREC. In addition to CORE hours, the course counts as 6 hours law CE. The course must be completed by December 31, 2011 to count as hours for this year.

Live Web Course Dates
December 21 - The Savvy Agent - 3 hrs law CE
December 22 - KY Advertising Laws - 3 hrs law CE
December 29 - CORE - 6 hrs law CE
December 30 - CORE - 6 hrs law CE
December 31 - CORE - 6 hrs law CE
Register here for live web courses


Online CE
KREEF has online course options available to help satisfy your annual CE requirements. These courses are affordable, can be accessed 24/7 from any computer and completed on your schedule. To count as credit for 2011, course must be completed by midnight on December 31, 2011 - no exceptions.
Register here for online CE courses

KAR Office Closed

KAR will be closed from Friday, December 23, 2011 and will reopen on Tuesday, January 3, 2012.

From the KAR blog:

  

For the latest headlines, click here or check out some of the most popular posts below:  

5 things to do NOW if you want to buy a home in 2012

Residential housing primed for rebound

Foreclosure deficiency bill seeks 1-year cap

Home buyers could pay for payroll-tax cut

Homeowners want political action, assistance

Tax credits expire Dec. 31 for home energy efficiency

Subscribe: You can subscribe to receive daily updates by clicking the links on the right hand side of the blog home page. Guaranteed at least one new post daily.

KAR Legislative & Business Meeting

February 7-9
Capital Plaza Hotel, Frankfort, KY
Register Here
  

Right now, the real estate industry is facing some major hurdles. This meeting is a great way to influence what issues are addressed and which ones become priority.

> Meet & greet your state leaders
> Share your REALTOR® concerns directly with legislators
> Support legislation & issues important to real estate in Kentucky
> Ensure policymakers hear your REALTOR® voice
> Increase the influence & clout of REALTORS® across the state 

Don't pay $500 at the end of the year

 
If you are looking for ways to get your annual CE requirements, take a look at these options (and don't get hit with a $500 fine at the end of the year):

Online Courses

Live Web Courses

Classroom Courses
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Save up to 30% on UPS shipping

  

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Members currently enrolled in the UPS Savings Program must re-enroll to take advantage of this new exclusive offer.

KAR members can save:
* Up to 30% on UPS Next Day Air® and Worldwide Express®
* Up to 23% on UPS 2nd Day Air®
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3 things to consider when representing a buyer or seller
 

1. Always advise buyers to purchase an owner's title insurance policy.
2. When dealing with short sales or foreclosures, ask a professional to help you in negotiating with the lenders and/or drafting the contracts.
3. Ask the lender to use the title company that best suits the buyer in terms of price, convenience, location, services, etc.

Contact Limestone Title & Escrow for more information on the products and services offered - (502) 632-2277. 

This is a paid advertisement
December 2011
Limestone Title
In This Issue
Inaccurate property description
CE and CORE
KAR blog
KAR Meeting

KAR Affinity Partners 


UPS (New Program) 

KAR members can save up to 30% on UPS shipping. Members currently enrolled in the UPS Savings Program must re-enroll to take advantage of this new exclusive offer.

 

Showing Suite
Get feedback on your listings, improve communication with your sellers, and set yourself apart from your competition with HomeFeedback®.

Drug Card

As a member, you, your family & friends may be able to lower your prescription drug costs.

Nationwide Insurance
Offering you a special insurance program that could save you up to $500 with special rates on your auto policy.

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Broker Involvement

Program 

 
Get involved in a program that will boost Kentucky's Call-for-Action response rates. If you are a real estate broker in Kentucky, please enroll (it's free and easy), and if you are an agent, please encourage your broker to join this effective network of broker leadership in public advocacy for REALTORS® across the United States.

Learn more and enroll here (to enroll, click the "Join the Program" button on the left side)

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