What does possession mean on MLS?
Possession – The buyer occupying the property that is purchased or a tenant occupying the property that is leased. In a real estate sale, possession is rarely granted prior to closing when the seller receives their funds.
Why dual agency is bad?
The main reason so many legal issues surround dual agency is because your real estate agent is supposed to look out for your best interest. A dual agent can’t do that because they represent both the buyer and seller of the same home.
What does LCD stand for in phones?
2. The LCD (or Liquid Crystal Display) screen is entirely responsible for the display and touch-response function of your device.
How does an LCD work?
Liquid crystal display technology works by blocking light. Specifically, an LCD is made of two pieces of polarized glass (also called substrate) that contain a liquid crystal material between them. A backlight creates light that passes through the first substrate.
What is the difference between completion date and possession date?
The closing (or completion) date is the date that ownership and title to the home is transferred along with the payment of funds from the buyer’s lawyer/notary to the seller’s lawyer/notary. The possession date is the date the buyer is entitled to take physical possession of the home/property.
What does it mean if possession is negotiable?
It allows the sellers the option of asking the buyers to let the sellers rent the home after the sale until the sellers can move into their new place. This type of possession is usually negotiable and caution should be exercised anytime the right of possession does not coincide with closing.
Do sellers have to be moved out by final walk through?
Unless otherwise agreed upon, the sellers should be totally moved out of the house by the time of the final walk-through. Now, if they left behind a can of paint or a couple bags of trash, that’s probably not the end of the world.
Can you have 2 Realtors at once?
A multiple-listing agreement sees you sign up with a single agent – but rather than the property being sold by just that agent, the listing is shared with other agents who are members of a multiple-listing network.
Do you have to agree to dual agency?
California Agents Must Disclose and Obtain Consent for Dual Agency Relationships. … As explained on the disclosure form, all real estate agents (buyer’s agents, seller’s agents, and dual agents) owe each client a special fiduciary duty to act in that person’s best interest.
Should you allow dual agency?
To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.