If you attended last nights meeting wasn’t Jennifer fantastic? She provided us with so much information and knowledge it’s a wonder our brains didn’t explode. Haha. Attached is her PowerPoint presentation from last night. Here are some points I thought were interesting.
- In the CAR contract insurance is now a buyer contingency. During inspection should the buyer not be able to obtain insurance or the insurance quote is to high the buyer can cancel.
- Insurance companies are sending drones to inspect properties and if the find hoarding issues they can cancel your policy.
- As a small business we need to file information about our small buyer due to the Corporate Transparency Act by January 1, 2025. This is all part of the Anti-Money Laundering Act of 2020.
- Make sure you read the part about commission and the CAR contract. Jennifer stated that as escrow we should have the listing agreement in the file to make sure we are complying with correct commission amount.
These are just some of the highlights I found interesting. Should you have any concern or questions about how your company proceeds you should contact your management and/or attorney.
SAVE THE DATE!! Our next meeting will be May 14th.
More information will follow.
It was great to meet and see everyone last night and thank you to all who brought raffle prizes. It was a great time. We look forward to more informative meetings with you. Have a great day!
The link below is the handouts from the the dinner.
