and selling a home is one of the biggest transactions you'll make
in your lifetime. You can't always predict when problems will arise
and they seem to happen when you are least prepared. Unplanned home
expenses can put a tremendous strain on your budget. A home warranty
will give you the protection you need.
here to learn more:
and post sale problems can be avoided through prompt and proper
disclosure. Federal, state and local laws govern disclosure. Often
states will require some type of residential property disclosure
form be used in sales involving a real estate licensee. A questionnaire
that addresses conditions of the property may be required. Frequently
the law will specify that potential buyers be given a copy of the
form. These forms often address foundations and structure, roofs,
mechanical systems, water and sewer systems, site, survey and restrictions.
These disclosures are effective in providing information to the
purchaser regarding known conditions. They do not necessarily eliminate
the need for a professional whole house inspection.
purchaser of any interest in residential real property on which
a residential dwelling was built prior to 1978 is notified that
such a property may present exposure to lead from lead-based paint
that may place young children at risk of developing lead poisoning.
Lead poisoning in young children may produce permanent neurological
damage, including learning disabilities, reduced intelligence quotient,
behavioral problems and impaired memory. Lead poisoning also poses
a particular risk to pregnant women. The seller of any interest
in residential real property is required to provide the buyer with
any information on the lead-based paint hazards from risk assessments
or inspections in the seller's possession and notify the buyer of
any known lead-based paint hazards. A risk assessment or inspection
for possible lead-based paint hazards is recommended prior to purchase."
For more information go to www.hud.gov/lea/
state and local law enforcement agencies are required to notify
members and or entities of the community if a sex offender resides
in the area. Inquires should be made to these enforcement agencies
to determine if a registered sex offender is residing in the area.
agency relationship is a legal relationship where one person known
as the associate, represents another person known as the principal in
dealing with a third party. Principals and or third parties to real
estate negotiations and agreements are either clients or customers
of a real estate licensee. Clients are persons represented by agents.
Associates owe clients certain duties. These duties include: loyalty,
honesty and fair dealing, negotiation for the clients best interests,
informing the client of all known material facts, and to maintain
confidential information. Customers are persons who use the services
of a real estate licensee but are not the client of a licensee.
Licensees are required to deal honestly and fairly with customers.
Payment of a fee to a real estate broker does not make that person
a client of the broker. In the state of Lawton the types of agency
relationships a buyer may enter into include: Seller Agency, Buyer
Agency, Sub-agency, Dual Agency (with consent). Some firms will offer
"Split Agency". In Oklahoma the types of agency relationships an associate
may enter into include: Buyer Agency, Seller Agency, Dual
Limited Agency, Designated Agency and Transaction Broker. Additional
questions regarding agency relationships should be directed to a
licensed real estate broker or the state licensing authority.
Expertise of a AMERICAN REAL ESTATE Sales Associate always provides valuable
assistance. For more information, please contact
a A.R.E. Representative.