Contracts exhibits, addendums, schedules or amendments serve different purposes. Read how and when each should be used.
Read MoreAfter the NAR settlement, unbundled services and negotiated commissions could benefit sellers of higher-priced homes more than buyers and sellers of low-priced homes.
Read MoreEssential contract terms, such as price, describe the basic business deal. But "everything else" in the contract defines the parties' relationship and can prevent misunderstandings and later disputes.
Read MoreA recent court decision declaring the Corporate Transparency Act unconstitutional only affects companies that were National Small Business Association members on March 1, 2024. Other companies and real estate investors still must report their beneficial ownership information to FinCEN.
Read MoreTerms such as "shall," "must," "will," "may," and "should” each convey different levels of obligation and discretion. Yet, legal documents or contracting parties often confuse or exchange these terms.
Read MoreAccording to a recent SEC report, Rule 506 continued to be the most popular exeemption for real estate securities offerings in 2023.
Read MoreMortgage discrimination through redlining was outlawed more than 50 years ago. Yet, recent Department of Justice cases indicate some mortgage lenders continue to engage in systemic redlining.
Read MoreThe Corporate Transparency Act, which took effect on January 1, 2024, requires many legal entities to report their beneficial owners and other information to FinCEN. In December, New York passed a law requiring LLCs to report similar information to its Department of State. The New York law will make certain beneficial owner information public, introducing privacy concerns not present with the CTA.
Read MoreReal estate ownership can provide short-term tax benefits and is an important part of a long-term plan to build generational wealth.
Read MoreEquity multiple and annualized rate of return can provide a quick and easy way to compare two investments. However, they aren’t a substitute for a detailed financial and risk analysis.
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