When used strategically, a back-up offer can be a powerful tool. Here’s a breakdown of how to navigate them with care.
Posts tagged with “Back-Up Offers”
Legally Speaking
Navigating Contract Amendments: Key Risks When a Back-Up Offer Exists #588
Legally Speaking
Killing the Deal: The Dangers of Anticipatory Repudiation #582
Anticipatory repudiation can kill a real estate deal before closing day. Learn how to protect yourself and your clients from potential risks.
Legally Speaking
Hot Markets: Risks and Tips to Avoid Getting Burned #537
In this hot market, REALTORS® must keep their cool and remember that some of the oft-repeated, time-tested and best advice to protect themselves and consumers still applies.
Legally Speaking
Back-Up Offers: There’s a Clause for That #519
Roughly twice a year my heart stops when a claim comes to my attention. Why? Because a licensee reports that the seller has sold the property twice…
Legally Speaking
Limits Changes of First Offer #200
A vendor, who accepted a conditional offer to purchase and then accepts a backup offer, limits his right to renegotiate the terms of the first contract…
Legally Speaking
Section 36 of the Real Estate Act; Backup Offer, appeal of (Col. 89) #127
This Section prevents a licensee from retaining a commission which is based upon the difference between the price at which real estate is listed for sale, and…
Legally Speaking
Back-Up Offers #89
A vendor’s decision to take a back-up offer can be risky to the vendor’s financial health, as will be apparent from your review of the following facts…
