BUYER-SELLER DISPUTE RESOLUTION SYSTEM (DRS)

Introduction This Dispute Resolution System (DRS) is not intended to replace arbitration or mediation activities conducted by associations鈥 Professional Standards Committees. The program is designed to resolve disputes between buyers, …

SPECIFIC PERFORMANCE

Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific action, such as to complete the …

CO-LIVING

The鈥圧ising鈥圱rend鈥坥f鈥圕o-Living Spaces By now, you’ve already heard about coworking. But there’s a new concept on the way: Co-living, which is, in a sense, the coworking equivalent of finding housing. A …

WHAT IS A CORRECTIVE DEED?

What is a Corrective Deed? A Corrective Deed is a special type of deed used to fix problems in deeds that have already been recorded. Unlike other types of deeds …

REAL ESTATE LEVY

What is a Levy? A levy is the legal seizure of property to satisfy an outstanding debt. In the U.S., the Internal Revenue Service (IRS) has the authority to levy …

COMMISSION CREDITS

How Commission Credits Works Let’s say that an agent has signed a listing agreement with a seller. The seller agrees to pay the agent a 5 percent commission. The agent …