From Kelly Monaghan, Esq., Holloway and Monaghan
SQUARE FOOTAGE LAW revisited:
If the licensee provides any party to the transaction square footage information, the licensee is required to identify the source of the information.
The source, referred to as “third party information,” includes an appraisal or measurement prepared by a licensed appraiser, a survey or developer’s plan prepared by a licensed surveyor, tax assessor public records, or building plans used to construct or market the property.
The law states the licensee has no duty to the seller or purchaser to conduct an independent investigation of the size or area of the property or to
Independently verify the accuracy of the third party information.
The law does not require any square footage information to be provided. However, IF provided, the licensee should provide information from all sources available to them, especially if the reported square
footage is not the same. Additionally, because the law does not limit the third party information previously obtained in connection with the pending real estate transaction, uncertainty exists whether third party information previously obtained by the licensee in a prior real estate transaction involving the same property must also be discussed.
If third party information is provided, the failure to disclose all third party information in the possession of, or otherwise available to, the licensee may be problematic. The adoption of, and compliance with, a written record retention policy will limit the third party information retained in the licensee’s files, including electronic copies. This in turn will assist in determining what third party information, if any, is to be provided to the parties. Prior to discarding any third party information,a written record retention policy that complies with applicable rules, regulations and laws should be adopted.
I am organizing a meal “support” system for Kara Folkins. Her sister in law, Claire, is now at home w Hospice and in the latter stage of her cancer. Kara is hosting all meals for guests and other family members these last days.
Food needs to be healthy and low carb to serve diabetic purposes.
Please let me know if you can help this week and I will assign the day and delivery. You will deliver to Kara’s home and she will handle from there.
I appreciate your help!
FYI For those of you w us for a long time, this is Ginger Gibson’s sister as well.
Wait is a Meal Train?
There are times in our lives when friends and family ask, “What can I do to help out?” The answer is usually to help them with a meal. When many friends give a meal, this is a meal train.…
Believe it or not, I’m going to jail and I need your help. While it’s not a real jail, it’s even more important as I’m raising bail to help children and adults with muscle disease in my community who are supported by the vital work of the Muscular Dystrophy Association (MDA). I might not be able to rely on good behavior to get out so that’s why I need your help – I need you to donate to my bail! Just click on the donation button to make a secure donation – I know that together we’ll Make a Muscle and Make a Difference in the fight against muscle disease.
Please join me in supporting the MDA LOCK-UP and help fight muscle disease!
On “thinking BIG” from ONE Thing:
When we connect big with bad, we trigger shrinking thinking. Lowering our trajectory feels safe. Staying where we are feels prudent. But the opposite is true. When big is believed to be bad, small thinking rules the day and big never seed the light of it
We have ONE Thing for sale at the office. Inquire with Jessica if you want to purchase. Think they are 10.00
Tuesday mtg topic was “texting.” It once was, before email and before texting, we had the discernment to withhold at least some of what pops into our head and not allow it to come out of our mouths. Not so much anymore. It would
seem that it has become the new norm to throw caution to the wind and converse “privately” over text. Privately? Really? Consider this;
What if you send a text venting about a client and u send to client in error?
What if you are bashing the other agent ( not nice) and you mistakenly send to that agent?
You are thinking “does this really happen?” YES YES YES
These are just a couple of examples. I could go on and on.
Bottom line. Any text or email can be used against you. Be prudent with the words you use. Ask yourself this when you feel an “ugly” moment coming over you. ” What does it look like to take the high road?”
And so it goes……until next time