Contracts FAQ

 
Contracts FAQ

Due to delays, the lender was unable to finalize the loan in time. What happens if the buyer doesn’t settle on the Settlement Date, but financing is approved a few days later?

If Settlement Date has passed and Buyer is in Default, can Seller relist the property immediately or must Seller wait for Buyer to sign a release agreement?

I represent sellers who have installed smart home features like security cameras and thermostats in the property. Must these features convey with the property?

Can a buyer with a financing contingency use a different lender than the lender on the prequalification/ pre-approval letter without losing the benefit of the financing contingency?

Why can’t I find the NVAR Common Law Lease in the NVAR Forms Library?

What is a smart contract and how could it be used in real estate?

What happens if at the end of the Negotiation Period if the parties have not been able to reach an agreement?

What happens if the Seller does not respond at all during the Negotiation Period?

What happens if the Seller responds to the Buyer’s Home Inspection Removal Addendum?

Are contracts written by non-licensees valid?

What is a Settlement Agent?

What is a split settlement?

What if the Seller Wants to Close with a Different Settlement Agent?

Will the Seller be charged fees by both the Settlement Agent and legal counsel if they seek representation?

Why can’t I write “Market Rate” into the Specified Financing provision of the Financing Contingency?

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