The ATG Blog
The Power of Partnership: Attorney’s Title Group Values Everyone’s Role in Real Estate Transactions
At Attorney’s Title Group, we believe that every real estate transaction is a journey, and each individual involved plays a crucial role in its success. From real estate agents and mortgage lenders to home buyers and sellers, your partnership is essential to ensuring a smooth and efficient...
moreAttorney’s Title Group Announces New Closing Agent in Northwest Arkansas
ROGERS, AR (August 21, 2024) – Attorney’s Title Group, LLC, (“ATG”) has announced that it has hired Kris Conant as a closing agent in their Northwest Arkansas location.
Kris is an experienced real estate professional...
moreWhat Does the “As-Is” Clause Mean in Real Estate?
As the name indicates, the “as-is” clause in a real estate transaction means a property is being sold in the current condition, as it exists, with any faults and defects. This brings with it some benefits but also some risks that must be considered.
The benefits to consider are usually...
moreProtection Against Title Fraud
Real estate fraud is becoming an increasingly common way for criminals to steal someone’s property, and while it is less common than other types of fraud, title fraud is a form of real estate fraud that homeowners need to be aware of. Home title fraud is essentially the forging of a deed to...
moreAttorney's Title Group voted as "Most Admired Title Company" in AMP Magazine
Arkansas Money & Politics ("AMP") released its 2024 "Most Admired Companies" list in which readers throughout Arkansas nominated companies in multiple business categories. The criteria used for nominations included financial soundness, bold innovation, brand awareness, quality of...
moreAttorney’s Title Group Announces Opening of Newest Office Location in North Little Rock
NORTH LITTLE ROCK, AR (May 7, 2024) – Attorney’s Title Group, LLC, (“ATG”) has announced that it is opening its newest office location in North Little Rock. The office is located at 5600 JFK Boulevard, Suite 3, and will be managed by Shirley Worthy.
Worthy began her...
moreIntroducing ATG Portal: Closings Simplified
At Attorney’s Title Group, communication is one of our top priorities. Offering convenient closings is equally important. A few years ago, we implemented the use of CloseSimple as an enhanced method of communication with real estate agents, lenders, buyers, and sellers to keep everyone updated...
moreCombating Seller Impersonation Fraud in Real Estate
Fraud in the real estate industry is constantly evolving. Scammers are continuously searching for vulnerabilities to exploit, putting buyers and sellers at risk. Lately there have been several alarming stories of in real estate fraud in the news, shedding light on the need for heightened...
moreKey Players in a Real Estate Transaction: How Collaboration Seals the Deal
Real estate transactions can be complex and intricate processes. Whether you're buying your dream home, selling a property, investing in real estate, refinancing your loan, or engaging in any type of real estate transaction, numerous key players are involved. These individuals or entities play a...
moreShould I Worry About an Easement on a Property I’m About to Buy?
You’re about to close on your dream home. Then you meet with the title company and learn that the title search discovered that the property is subject to an easement.
What is an easement?
An easement gives another party the right to access your property and to use...
moreRobbie Wilson voted among Little Rock's Best Lawyers
Attorney's Title Group is proud to announce that Robbie Wilson was voted one of Little Rock's Best Lawyers in the December edition of Soiree magazine. Robbie was recognized in the Commercial Real Estate category.
The Little Rock Best Lawyer list is composed of 113...
moreWhen to Say “NO” to FSBO: Top Reasons to Use a Real Estate Agent to Buy or Sell a Home
Buying and selling a home will be the largest financial decisions many people will make, so thinking about how and when to save money on the purchase or sale of a home makes sense. Without knowing all of the details, it can seem like selling and buying a home on your own is the way to go. After...
moreAttorney's Title Group Northwest Arkansas Office Grand Opening
Attorney’s Title Group (“ATG”) previously announced its expansion into Northwest Arkansas and the hiring of Rick Long as the new Director of its Northwest Arkansas operations.
The firm has officially opened its doors in Rogers in the Village on the Creeks center. The address is 2102 S....
moreFun with Real Estate Jargon - Grantor vs. Grantee
Buying a home or piece of property is a really big deal. Once you’ve found the perfect place, you start envisioning yourself in it. You think about where to place furniture and hang pictures. You may envision hosting guests, celebrating important milestones, and making memories in this special...
moreAttorney’s Title Group Announces Expansion, New Director in Northwest Arkansas
LITTLE ROCK, AR (August 7, 2023) – Attorney’s Title Group (“ATG”) has announced that it is expanding into Northwest Arkansas and has hired Rick Long as the new Director of its Northwest Arkansas operations.
Long brings a wealth of experience to Attorney’s Title Group....
moreAI and Real Estate Professionals
It can pass the bar exam, write your kid’s college essays, and...
moreAttorney’s Title Group Joins Little Rock Regional Chamber Talent Recruitment Campaign
LITTLE ROCK, AR (May 1, 2023) – Attorney’s Title Group is excited to announce our participation in the Little Rock Regional Chamber’s national talent recruitment campaign, Little Rock Love Connection. Inviting both former Arkansans and potential newcomers to love Little Rock, Attorney’s Title...
moreBuying Property: What is Tenancy in Common?
Ownership of real property comes in a variety of forms, with the four most common types being:
- Sole ownership by a natural person or a limited liability company or corporation
- Tenancy by the entirety, which applies to ownership by a married couple. Upon the death of the spouse...
What is a “Fixture” in Real Estate?
So you’ve fallen in love with a house—and its sparkling dining room chandelier. Is that chandelier yours when you close on the deal? It depends. On the other hand, if you are the seller and want to hold onto the sparkling chandelier, there are some important things to consider....
moreWhat to Know Before You Invest in Out-of-State Real Estate
Investing in out-of-state property appeals to people for a variety of reasons. If you live in a market with stratospheric housing prices, it’s likely crossed your mind to invest in a lower-cost area. Or maybe you want a place for your college-age child and roommates who can subsidize a mortgage...
moreWhat is Title Insurance and Why Do I Need It?
In the transfer of real property, title insurance is a way to protect buyers and lenders from losses or damages as a result of liens, encumbrances, or defects in the chain of title or ownership. There are two types of title insurance: owner’s...
moreFunds Disbursement FAQs
You’re excited about the purchase of a new home. Congratulations! To make it happen, you’ll need the help of an experienced closing agent at a reputable title company in the critical step of funding the loan and tying up loose ends. The title company will oversee the closing process and make...
moreAttorney’s Title Group, PLLC Announces New Location in Conway
Attorney’s Title Group (“ATG”), a real estate title and closing company based in Little Rock, has announced the opening of their new office in Conway later this month. The new location, at 685 Shelby Trail, Suite 102, will be the company’s second office in Arkansas, and will be managed by...
moreTips for Selling A Home Faster
If you’ve decided to sell your house and move to a new place, you probably don’t want to sit around for months on end waiting for your house to sell. Preparing your home so it feels welcoming and fresh to prospective buyers is one of the best ways to sell it faster, no matter the market....
moreAttorney’s Title Group Names Robbie Wilson as Co-Managing Partner
Little Rock, AR (August 24, 2022) – Attorney’s Title Group, an affiliate of The Wilson Law Group, is pleased to announce that Robert M. Wilson, III has been named Co-Managing Partner of...
moreWant to Increase Your Home’s Value? Upgrade Its Energy Options!
Did you know that eco-friendly energy upgrades can make your home more sellable? According to a National Association of Home Builders (NAHB)...
moreWire Fraud – What it is and How to Avoid it
Email spoofing and wire fraud has been in the news again lately, so we're re-visiting one of our older blog posts to share some information on the subject.
In this article we’ll discuss some best practices to avoid being scammed when dealing with real estate...
moreConsiderations When Buying New Construction
Ah, the smell of fresh-cut lumber. The notion that you, and only you, will be the first person to live in a house. For many, buying new construction is much more appealing than inheriting someone else’s taste in bathroom tile and paint colors, never mind aging plumbing or an old roof....
moreBeyond the Backsplash: What to Look for When Buying a "Flipped" House
It’s a real estate fairytale: What looks like a teardown is coaxed back into beauty by gifted contractors and designers. In the space of 30 minutes of viewing, we witness a transformation and a happy ending for the renovators and the new homeowners.
Over the past decade, we’ve seen TV...
moreDoing a Real Estate Deal with Friends
Buying or selling a home—a large investment for many people —is a decision that demands real estate expertise. The first phone call many people make is to a real estate agent who is also a friend.
While it seems like a good idea in the first place, engaging in a real estate deal with a...
moreReasons Why Real Estate Deals Go South at the Last Minute (and How to Avoid Them)
Anybody who’s been through the sale or purchase of a home knows that “under contract” is just that: It doesn’t mean a deal is done. Seasoned real estate professionals can tell you there are common reasons why transactions get called off at the eleventh hour.
...
moreDOs and DONTs for Fixing Up Your Home Before Selling
Have you decided to sell your home? Now you’ve got another important choice to make: which renovations or repairs to undertake before putting the house on the market. Keep these considerations in mind as you make your list of pre-listing “DOs” and “DON’Ts.”
...
moreIntroducing Lisa Fields: Closing Agent
Attorney’s Title Group is excited to announce our newest closing agent, Lisa Fields. Lisa was previously serving as closing assistant before accepting the position as closing agent. Lisa has a strong background in real estate and title. She...
moreWinter Home Maintenance Tips
The weather in Arkansas can be unpredictable. When it comes to winter, there is always some chance of experiencing 65-degree temperatures and snow in the same week. To be on the safe side, it’s a good idea to take advantage of the warmer temps to prepare your home for the possibility of winter...
moreSpruce up or Sell? What to Fix and What to Forget When Selling an Older Home
Marketing a home with a few good years (and not a lot of maintenance) on it can be daunting. While some buyers are great at seeing potential, some lack vision—seeing past the pink bathroom tile or dated floral wallpaper, for example, can be a real stretch for the non-designers among us.
A...
moreSelling a "Haunted House"? Here's What You Should Know
With the spooky season approaching, it seems like a good time to revisit the “haunted house” statute. A question that agents have asked in the past: Do I have to tell a potential buyer that a property might be a “haunted house”?
In 2009, this was a legal gray area. Does the Realtor owe a...
moreThe Logistics of Buying and Selling a House at the Same Time
Are you considering selling your home and buying a new home? If so, you have two options: sell your current home before buying a new one or buy a new home before selling your current home. This can be a complicated decision. Whichever way you choose to proceed, you will want to have a solid plan...
moreReal Estate Contracts and the Force Majeure Clause
The real estate market is booming right now. Sellers are scrambling to get their properties on the market while buyers face fierce competition, often resorting to cash offers over the asking price. The result is often a lightning-fast round of negotiation in hopes of winning the contract....
moreDiscovery of Damage After Closing: What Should You Do Next?
After all of the work involved with house hunting, inspections, packing, and preparing to move, closing on your new home should be something to celebrate! But discovering major problems with your home after closing can cause a major headache. While maintenance is an expected part of...
moreNot All Home Renovations Add Resale Value
When we purchase a home, we want to make it a comfortable and unique space for our family to live – but it’s important to remember that a home is also an investment. When making improvements to your property, take a moment to consider whether each project will help add value to your home in the...
moreIntroducing CloseSimple: The Pizza Tracker for Title
At Attorney's Title Group, communication is important to us. Part of our concierge-style service is to ensure all parties involved in the closing process receive direct, reliable communication. We're excited to now be able to provide even better communication with the technology we've recently...
moreIf You Have Children, Consider These Things When Buying a Home
Buying a home can be an exciting time of change and opportunity for a family, but when you have kids, this can add a layer of complexity to the process. Not only do you have to account for the needs and desires of the adults in the household, but certain considerations must be made for the...
moreTechnology & Real Estate
Over the last 10 years, technology has transformed and bolstered the real estate industry, making transactions more efficient and convenient for agents and homebuyers alike. Technological advances such as electronic signatures, virtual home tours, and online home listings have become so...
moreDue Diligence Steps When Buying New Property
Purchasing a home or another piece of property is an expensive and often life-changing decision that should not be taken lightly. Before making such a major purchase, it is essential that you perform due diligence, which simply means you are being responsible and doing your research on the...
moreHas the COVID-19 Pandemic Changed What We Want in a Home?
In home design trends, as in life, sometimes it feels like change is the only constant. While only a year ago, breezy living rooms and kitchens that promote family togetherness were all the rage among homebuyers, the COVID-19 pandemic has prompted many people to reconsider what they desire in...
moreHome Upgrades to Consider When Selling
If there’s any insight to gain from 2020, it’s this: the home buying market is resilient. Despite the fact that home buying slowed earlier in the year,...
moreWe're Moving to a New Location!
Attorney's Title Group is excited to announce that we are moving to a new location. Beginning November 1st, we will be in our new location at 5315 Highland Drive. The new location provides us with more space and added convenience to better serve our valued clients.
It’s true that 2020...
moreHow “Virtual” Options are Helping Buyers and Sellers during the Pandemic
For sellers, an “open house” means more visibility since buyers can swing by and view the home without making an appointment. An open house can be a fantastic way to have multiple home showings in a condensed period of time. Like many other things complicated by COVID-19, the pandemic poses...
moreBills of Assurance: The Basics
Residential communities with a governing document (such as a bill of assurance or declaration of covenants, conditions and restrictions) foster a cohesive, clean, neighborhood atmosphere. They spare property owners some responsibilities while also requiring those property owners to follow...
moreProperty Titles vs. Property Deeds: What’s the Difference?
The vocabulary of real estate can be complex. A person could spend years carefully studying definitions without fully understanding the entire scope of the real estate industry. While brushing up on terminology never hurts, there are really only a few key phrases you need to know while buying or...
moreCrash Course in Title Insurance
Every day, we do little things to protect ourselves and our loved ones. From buckling up before driving to locking doors before going to bed, the smallest of actions can go a long way towards keeping safe. Insurance provides similar protection – it’s why we invest money in auto and health...
moreHow Environmental Due Diligence Can Prevent Problems at Closing
When you’re a party to a commercial real estate transaction, whether buying or selling, it’s crucial to perform environmental due diligence on the property. Properties can have any number of hidden environmental liabilities that can cost a fortune, devalue the property, or turn into a legal...
moreCommon Causes of Property Disputes and How to Deal with Them
That perfect dream home or promising investment property you’ve purchased can turn into a nightmare if a property dispute arises. Real estate disputes can cover a range of issues and have devastating consequences if not handled quickly and skillfully. Here are three common property disputes and...
moreQuick Overview of Scrivener’s Affidavits
On our last blog post we covered “cloudy” titles, or clouds on title, and some effective ways to avoid or cure them. In this post we’re going to cover one of those potential solutions: the scrivener’s affidavit.
A scrivener’s affidavit is...
moreWhat’s a “Cloudy” Title, or Cloud on Title?
Cloudy, clouded, or the more common term, cloud on title is a colloquialism for a defect on a title (or an apparent defect) that can have short or long-term ramifications on the property and its owner. This article will give you a brief overview of cloudy titles, some real-world...
moreWildlife Conservation in Real Estate
Here’s a run-down to keep in your back pocket for your clients: Government Conservation Easements and how they work for your client. Knowledge is power, and a savvy Realtor has answers to even the most mundane questions.
So, What’s a Conservation Easement?
A...
moreWhy It’s Handy to Have a Lawyer Near Your Real Estate
Involving minors in real estate transactions can be a tricky business, and it’s a common enough practice that more often than not, you’ll need a title agency and a lawyer to clear the title. In our real-world example this week, we’ll show how you can...
moreInspect Your Inspection
Inspections are so ingrained in the process of buying and selling Real Estate that at times they are taken for granted. It’s important to remember the purpose of the inspection is not to put an extra step between a buyer and their prospective property – it’s to prevent the buyer from acquiring a...
moreOverview – Power of Attorney
What is a General Power of Attorney?
A power of attorney is a delegation of authority by one person (usually called the principal) to another person (usually called the attorney-in-fact or agent). The attorney-in-fact is...
moreHOAs – The Ups and Downs
Subdivisions, Property Owners Associations (POAs), and Home Owners Associations (HOAs) exist for many reasons, whether a neighborhood is trying to maintain property value, safety, or uniformity. If you’re moving or working in one of these areas, here are a few examples of what type of...
moreDisclosure for Pros
Chances are, Realtors already understand disclosure, and what it means for all parties involved. This article is for educational purposes, and for those that want to up their game in their real estate communications. This blog piece will cover the basics of our Principal Instructor, Scott...
moreProperty Liens and How to Avoid Them
Selling a home can be a simple process, or a tricky minefield. Just when an agent thinks they know everything about the property, the title work comes back with a left hook. One such unpleasant surprise can come in the form of liens on a property.
Imagine you’re the selling agent and...
moreContinuing Education in Real Estate – the Ups and Downs
We’re entering the season where continuing education (CE) grinds to a halt in favor of summertime client relationship management. Buyers spend the warm months browsing for homes, and so Agents spend their time showing houses, networking, and hoofing it around town for work, not trapped inside...
moreWell, well, well…
Not every close call is a difficult one, but when problems arise it helps to have a fleet of attorneys at your back during crucial transactions like the purchase of property.
Some years ago, a seller and buyer came to us about a piece of rural property. The survey on the 5 acres came back,...
moreRealtors: We Appreciate 3 Qualities in Agents
When it comes to closing a property, there are a lot of moving parts (Realtors, buyers, sellers, lawyers, closing companies, lenders, etc.). With so many parties, effective cooperation becomes paramount. This week we share three qualities in a Realtor that make our job as title agents...
moreWhy 20% of Homebuyers May Not Sleep Tonight
Each year, approximately 20% of homebuyers fail to protect themselves by not getting owner’s title insurance. Unfortunately, this leaves them exposed to serious financial risk—causing endless worry and regret.
If you’re thinking of buying a home, here’s what you need to know to protect...
moreRepairs & Modifications that Sell the Home
Whether you’re looking for a “wow factor” or added value, repairing a home before it’s sold is a tricky business. The end goal when making repairs and modifications to a for-sale home is usually to shorten the time of the sale and/or maximize the return on investment for the homeowner....
moreLocation, Location, Location
Homebuyers with intent to move in are often buying at some key point in their life, whether they’re starting a family or are downsizing for space (or they won the lottery and need a house to prove it). Each type of homebuyer will have their own priorities when moving, and each person will have...
moreJoint Tenancy vs. Tenants in Common
The difference between joint tenancy and tenants in common is very important for partners buying real estate to learn, and therefore for its Realtors to learn. These two terms are similar, but very different ways that two or more parties can buy property...
moreZoning Nightmares
If you’re in the business of buying and selling commercial property, you’re likely very familiar with zoning, and the issues that can crop up with the process. If you’re not familiar, zoning is the process of categorizing the uses for a piece of real estate. The most common distinguishable zones...
moreFannie Mae and Freddie Mac – What Are They?
These companies are mentioned so much in the Real Estate Industry, sometimes we take for granted that not everyone knows what they do and why they do it. Here’s a brief overview to fill in the gaps.
A considerable number of homebuyers don’t have the money outright to buy a house in cash,...
moreCommon Pitfalls with Repairs and Maintenance
Buying a house doesn’t always have to mean getting the property as is. When a buyer finds a fault or concern with the real estate, they have the ability to negotiate repairs before the property trades hands. But where does the buck stop when it comes to checking that repairs have been made, or...
morePrice Per Square Foot Can Shoot You in the Foot
Pitching a house by the price per square foot is a popular and dangerous habit. While it might provide a close approximation of the market value of the property, it can go disastrously wrong if that approximation is inaccurate, and you’ve already signed a contract.
...
moreTitle vs. Possession
Title to land and possession of land are related, fundamental concepts regarding real estate that overlap considerably, but are not identical. Title is about ownership of land; possession is about, well, possession of land. A person who...
moreThe Pitfalls of DIY Trusts – And How You Can Avoid Them
A plethora of Internet fads are making the rounds in the short time we’ve all migrated to the World Wide Web. Everything from crafts on Etsy, to tutorials on YouTube, all the way to important things like personal taxes with TurboTax, have taken on a very do-it-yourself (DIY) feel. While the...
moreReal vs. Personal Property
We have seen numerous deals over the years hit a snag based on the misconception or miscommunication of what stays with a home and what is leaving with the seller. The answer begins with knowing the difference between real and personal...
moreBest Holiday Practices for Realtors
Working around the holidays can be mind-numbing for anyone. Between prepping for family, decorating, and shopping, it’s a wonder we get anything done in December. For an industry as seasonal as real estate, it might be an ideal time for a little holiday break, right? According to expert real...
moreProposed Regulation 10.5 – Part II
Last month we crafted an informational piece about proposed Commission Regulation 10.5, the contents of which would impose strict regulations on advertising any brokerage activities in Arkansas. After some deliberation, the Commission has decided to begin training on best advertising practices...
moreThe Haunted House Statute – And What it Means for Realtors
Halloween is just around the corner, and Realtors want to know: Do I have to tell a potential buyer that a property might be a “haunted house”?
In 2009 this was a legal gray area. Does the Realtor owe a duty to the buyer to make an inquiry about past events in the house? Can a buyer sue a...
moreWire Fraud – What it is and How to Avoid it
With the recent uptick in email spoofing and wire fraud, we thought it would be a good topic to explain in further detail. In this article we’ll discuss some best practices to avoid being scammed when dealing with real estate transactions.
Good Funds
As Realtors...
moreHow to Win at Disclosure
Chances are, Realtors already understand disclosure, and what it means for all parties involved. This article is for educational purposes, and for those that want to up their game in their real estate communications. This blog piece will cover the basics of our Principle Instructor, Scott...
moreA Year of Blogging – Get Caught Up!
If you’re new to “The Realty Blog” or just looking to take a stroll down memory lane, this week’s blog is a quick snapshot of some of our most popular posts from the past year. The experts at Attorney’s Title Group write these blogs to bring forward important real estate topics that are not...
moreProposed Commission Regulation 10.5
What You Need to Know About Proposed Regulations on Real Estate Advertising
This is a snapshot of what we know about Commission Regulation 10.5 (currently on the Governor’s desk as of September 7, 2018), the contents of which will impose strict regulations on advertising...
moreWhat Qualifies a “Bedroom”?
We all know what a bedroom is, right? At first glance it might seem like an obvious, common-sense piece of information for any Realtor or real estate expert. But if you look deeper into state real estate laws, you might find some conflicting opinions.
...
moreWhat a Subdivision Can Dictate About Your House
Subdivisions, Property Owners Associations (POAs), and Home Owners Associations (HOAs) exist for many reasons, whether a neighborhood is trying to maintain property value, safety, or uniformity. If you’re moving or working in one of these areas, here are a few examples of what type of...
moreThe Future of Closing (eClosing)
From ensuring everyone arrives on time to keeping all the paperwork in order, the closing process has always been complex. In 2018 eClosures are a rising trend in the way Realtors handle real estate. EClosures allow for lenders to review questions ahead of time and expediate the closing process...
moreMeet “The Title Guy” – Charles Ward
Today we’re going to talk about an important, often hidden, part of our team. The man behind the title work, who’s signature ends up on most of the paperwork, but our regulars have not met. Before he was “The Title Guy” he had a hand in several ground-breaking movements in Arkansas real estate...
moreFor Sale by Owner – It’s Not About the Commission
Everyone and their grandma has a computer these days, and the instant connectivity has led to the rise of do-it-yourselfers. While For Sale By Owner (FSBOs) has been around for longer than the internet, now it’s even easier to Google “how to sell your house”, and even download and print forms to...
moreWhat’s a Reverse Mortgage?
A reverse mortgage is very much what it sounds like: the lender takes out a mortgage on a house, but instead of giving the owner a lump sum of money for the loan amount, the lender instead makes a monthly fixed payment to the borrower (owner of the property). It’s a relatively recent tool for...
moreHome Amenities Post WWII vs. Today (Part II)
This week we explore the last three decades and how amenities handled the boom and recessions that followed:
1990’s
In the 1990’s the economy started to improve under the Clinton administration, leaving the developmental dark of the 80’s behind Interest rates were...
moreHome Amenities Post WWII vs. Today (Part I)
1950’s — 1990’s: The Evolution of Housing in Little Rock
HGTV and new neighborhoods, like Pleasant Valley and Chenal, have changed the perception of housing amenities throughout the years in Little Rock, leading consumers to want bigger and better houses. Before these...
moreBuying and Selling in the Golden Years
Whether you’re downsizing, hopping an RV to Florida, or relocating, buying and selling property after retirement requires a lot of planning. Here are some circumstances, best practices, and key terms to be on the lookout for.
Selling After Passing of Spouse
People in...
moreMillennial Cheat Sheet to Home-Buying
This week, ATG answered seven (7) questions that came from Millennials, the market’s future home-buyers. This is our insight into the most common questions you might run into as an agent working with this age group.
...
more5 Things to Know About Commercial Properties
Commercial Closing is “Easier”
Buyers of commercial property are often surprised at how much simpler the closing process is compared to residential. Residential buyers have a stack of papers to sign at closing from their lender, a stack which the law requires to be...
moreArkansas Taxes Are Easy!
“Arkansas Taxes are the Simplest in the Nation!”
Said no one, ever.
Have you ever wondered why Arkansas pays taxes in arrears (meaning 2018’s taxes will be paid next year) and why they are so confusing? We can help with that! The current theory is that during Reconstruction, after...
moreLiens on a Property
Selling a home can be a simple process, or a tricky minefield. Just when an agent thinks they know everything about the property, the title work comes back with a left hook. One such unpleasant surprise can come in the form of liens on a property.
Imagine you’re the selling agent and...
moreRealtor’s Duties at Closings
We often get the question, “What does the Realtor do at the closing?” We try to clean up those questions in this post.
Contract
The first thing the Realtor does is send the contract to the closing company. The contract lets the closing company know what the purchase...
morePowers of Attorney
What is a General Power of Attorney?
A power of attorney is a delegation of authority by one person (usually called the principal) to another person (usually called the attorney-in-fact or agent). The attorney-in-fact is...
moreIntegrity of Closing – Who Cuts the Check?
Closing a sale on a property is a complicated, many-headed beast. What works for one Realtor may not always be the best-case scenario with another. And when it comes to commission checks, you want to lock down specifics on as soon as possible.
...
more“Coming Soon” Listings
Recently there’s been a bit of buzz online about “Coming Soon” listings, and where they fall legally (and ethically) in a Realtor’s toolbox. While this topic has been an issue for numerous years, with the increased use of social media, they’re becoming more prevalent, raising difficult questions...
more5 Things Realtors Lacked in The 70’s
There’s no doubt technology has simplified many aspects of our lives, and while fads come and go, the pre-internet era is a abstract concept to the younger generations. Luckily, some of us are still here to reminisce about being a Realtor some 40+ years ago. Here are 5 things Realtors managed...
moreGovernment Conservation Easements and You
Here’s a run-down to keep in your back pocket for your clients: Government Conservation Easements and how they work for your client. Knowledge is power, and a savvy Realtor has answers to even the most mundane questions.
So, What’s a Conservation Easement?
A...
moreGreat Tip for Hunting Land Purchases
How Uncle Sam can help your duck season!
Duck hunters know about government programs that preserves and creates habitat. They know they need a federal stamp in addition to their state license to legally harvest waterfowl in designated seasons. But how many know there are programs to...
moreCommunication and the Closing Process
As you well know, buying and selling a house involves a lot of moving parts and communication, especially when it comes to the closing. While most Realtors bring their own process and experience to the table, they also have to take into account the wide range of priorities the buyer, seller,...
moreHow a Bad Marriage Can Impact a Closing
Realtors – Learn How a Bad Marriage Can Impact a Closing
Title issues with married (and divorced) couples are some of the most common problems we run into in this business. What most people don’t know about property ownership is that even though a couple can buy a house in...
moreClosing Time: 6 Steps Homeowners Should Expect
Your long home-buying journey is almost over. You found the home you love, the seller agreed to your offer and now it’s time for closing. Of course, there’s a lot to think about right now, and the last thing you want is something to go wrong. So make sure you work with an experienced closing...
more7 Reasons Why You Need Owner’s Title Insurance
Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner’s title insurance. Here’s why it’s so important for you.
...
moreDo I need to Keep Paper Records?
As the world turns and the digital age evolves past the need for paper documents, a common question arises from our brokers: Do I have to keep paper records?
AREC regulation 10.7 requires brokers to maintain records for at least three years. Fortunately, Regulation 10.7(b)(3)...
moreCo-Tenancy
Ownership of land by two or more persons is called a co-tenancy. There are two basic kinds of co-tenancies. One is a tenancy in common. A tenancy in common consists of two or more tenants in common. Unless the deed vesting title in the tenants in common provides otherwise, each tenant in common...
moreContracts for Deeds
What you need to know about Contracts for Deeds:
- A contract for deed is a way property can be purchased by a buyer who doesn’t qualify for more conventional mortgage financing.
- With a contract for deed the buyer pays the purchase price to the seller in monthly installments of...
Written Contracts
The law that requires certain contracts to be in writing in order to be enforceable is called the:
(a) Written Instrument Law
(b) Parole Evidence Law
(c) Statute of Limitations
(d) Statute of Frauds
Answer: (d)
The Statute of...
moreAm I a Dual Agent?
If I sign an Exclusive Buyer’s Agreement with a buyer client and show a home listed by another agent in my office am I a Dual Agent?
Yes, you are a Dual Agent. The buyer and the seller are both clients of your Broker, thus as a sub-agent of your Broker you represent both the...
moreRiparian Rights
Riparian rights concern properties abutting moving water such as streams and rivers. If a property abuts a stream or river, the owner’s riparian rights are determined by whether the water is navigable or not navigable.
If the property abuts a non-navigable stream, the...
moreLiving Trusts
- A living trust allows the trustor, during his or her lifetime, to convey title to a trustee for the benefit of a third party. The trust charges the trustee with all necessary responsibility for managing the property, protecting its value, and securing whatever...
Fun Real Estate Facts
■ Warren Buffet lives in the same house he purchased in 1958. He bought it for $31,500.
■ In Scotland homeowners...
moreDoes the Fridge Come With the House?
We have seen numerous deals over the years hit a snag based on the misconception or miscommunication of what stays with a home and what is leaving with the seller. The answer begins with knowing the difference between real and personal property. In the broadest since, real property is...
moreViolated Setback Requirement
My client has mistakenly violated the setback requirement on their new home; what can they do?
We have all had the situation arise in our careers when a client calls and says they accidentally built a permanent structure on their property too close to the property. Now...
moreClient vs. Customer: Open House Visitors
Client vs. Customer: What duties are owed to an open house visitor?
We have all faced this situation: a couple comes into our open house and begins to ask questions about the property and real estate in general. We politely answer their questions and gather information....
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