Instructor: Ashlee D. Gonzales
Adam L. Pedersen
$15 for SCCAOR Members
$20 for Non-Members
When a property is listed for sale in the fast-paced real estate market of the Bay Area, there is a flurry of activity that follows. Calls from interested buyers and expressions of interest from agents indicate demand for the property, but not necessary intent to purchase. The Earnest Money Deposit (EMD) is a tool for solidifying intent to purchase a property. However, the competitive nature of the market causes some buyers to bounce around properties or put in multiple offers, causing disputes to arise over the deposit. Presented by real estate attorneys Ashlee D. Gonzales and Adam L. Pedersen of Brewer Offord & Pedersen LLP, this program covers many elements about deposit disputes. From statutory provisions to real case examples, agents and brokers will learn how to advise their clients about deposits and protect themselves in deposit disputes.
- Determining deposit amounts & consequences of going over 3%
- What happens to the deposit if the contract is cancelled or escrow is not closed
- Deposit consequences if the contract is cancelled from a contingency
- Legal principles governing earnest money deposits
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