Read Get the Facts including the Legal Hotline Q & A
Get the Facts is a Membership update sent to Washington REALTOR® members and contacts each Tuesday.  
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Weekly Membership Newsletter
January 1, 2019 • Stay Connected!
         
 


QUESTION:  What if the buyer put "0" in Form 22A, paragraph 3A? Does the seller still have a right to deliver a Form 22AR, Notice of Right to Terminate?



ANSWER:  Yes. In fact, seller has a right to deliver a Form 22AR, Notice of Right to Terminate, on the day of Mutual Acceptance. If buyer puts "0" in the blank on paragraph 3A, then seller must wait zero days to deliver the Notice of Right to Terminate.
               
 

 

The Legal Hotline Lawyer does not represent Washington REALTORS or its members. To browse through our database of past Q & A's, visit www.warealtor.org. Attorney Annie Fitzsimmons writes the Legal Hotline Question and Answer of the Week. Please submit questions to legalhotline@warealtor.org or leave a message at 800.562.6027. Please include your NRDS number.


 
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Couple Loses $130K Down Payment in Wire Scam
(REALTOR® Mag) Ross and Melinda Fulton were purchasing a home to live closer to their daughters and new granddaughter in the Kansas City area. Ross, a retired pastor of 46 years, and Melinda found the perfect home in Independence, Mo., and were planning to pay for it with cash. They received an email from someone they thought was their real estate agent. The message was sent from an iPhone and was signed with their agent’s name.
 
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2018 Brokers: Leading Through Change
(REALTOR® Mag) Broker-owners and managing brokers craved timely, relevant, actionable stories in 2018, with hot trends and market insights. REALTOR® Magazine’s Broker to Broker network added more voices to the conversation on best practices in the industry along with practical content on how to grow and shape a successful, ethical brokerage.
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The 5 Must-Read YPN Lounge Posts of 2018
(YPN Lounge) Blog posts packed with actionable, business-boosting tips and recommendations for real estate professionals were the most well-read of the year. New and returning contributing bloggers provided content for the YPN Lounge that received roughly 112,000 total page views in 2018. With readers seeking peer-to-peer blog articles for advice and best practices, here are the top five YPN Lounge posts of the year.
 
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6 Buying, Selling Myths Your Clients Believe
REALTOR® Mag Home buyers and sellers may have false assumptions about the real estate transaction process, believing in myths that could rob them of a purchase opportunity or keep them from selling for more money. Leaders of the Orlando Regional REALTOR® Association culled the top myths consumers fall for.
 
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Primary Mortgage Rates Survey
(updated every Thursday)  Source:  Freddie Mac
 
  December 27, 2018       30-yr FRM  15-Yr FRM  5/1-Yr ARM
 Average Rates  4.55%  4.01%  4.00%
 Fees & Points  0.5
 0.4
 0.3
 Margin  N/A  N/A  2.76



  December 13, 2018       30-yr FRM  15-Yr FRM  5/1-Yr ARM
 Average Rates  4.63%  4.07%  4.04%
 Fees & Points  0.5
 0.5
 0.3
 Margin  N/A  N/A  2.77



  December 6, 2018       30-yr FRM  15-Yr FRM  5/1-Yr ARM
 Average Rates  4.75%  4.21%  4.07%
 Fees & Points  0.5
 0.4
 0.3
 Margin  N/A  N/A  2.78



  November 29, 2018       30-yr FRM  15-Yr FRM  5/1-Yr ARM
 Average Rates  4.81%  4.25%  4.12%
 Fees & Points  0.5
 0.4
 0.3
 Margin  N/A  N/A  2.77



  November 21, 2018       30-yr FRM  15-Yr FRM  5/1-Yr ARM
 Average Rates  4.81%  4.24%  4.09%
 Fees & Points  0.4
 0.5
 0.3
 Margin  N/A  N/A  2.76



 
 UPCOMING CLASSES
 
Date Class Location CE  
08-JANNAR Code of EthicsWebinar3.0More info...
07-MAR The Hotline vs. The Bottom LineOlympia7.5More info...

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