Sometimes a question arises during a class and the instructor promises to provide the answer at a later time. Here is where you would find that information.

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2010 - Two State Core:  

MINIMUM SERVICE REQUIREMENTS

I wrote a whole blog post about this, so go back and look for this title.

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November 24, 2009 Two State Core:

Here is the website where you can check if a mortgage is a Freddie Mac or a Fannie Mae loan. As I understand it, if you can't find the property listed, keep trying some spelling variations -- street, terrace, road, etc.  Click here for the site.

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November 11, 2009 Two State Core:

 The question was whether the Listing Agent can be present with the Selling Agent (and the Buyer) when a counter offer from the Seller is being presented.  (We had discussed how it was permissible for the Buyer's Agent to join the Listing Agent when the offer is presented to the Seller.)

The answer is yes! Here is the excerpt from the Heartland MLS Rules & Regs:

SECTION 2.3 - RIGHT OF COOPERATING BROKER IN PRESENTATION OF OFFER/COUNTER OFFERS

The cooperating broker (subagent, buyer agent, or broker acting in other agency or non-agency capacity) or his representative shall have the right to be present when an offer they secured is presented by the listing broker to the seller(s) of any offer he secures to purchase. He does not have the right to be present at any discussion or evaluation of that offer by the seller(s) and the listing broker. However, if the seller(s) gives written instructions to the listing broker that the cooperating broker not be present when an offer the cooperating broker secured is presented, the cooperating broker has the right to a copy of the seller's written instructions. None of the foregoing diminishes the listing broker's right to control the establishment of appointments for such presentations.

The listing broker or his representative has the right to participate in the presentation of any counter-offer made by the seller. He does not have the right to be present at any discussion or evaluation of a counter-offer by the purchaser (except where the cooperating broker is a subagent). However, if the purchaser gives written instructions to the cooperating broker that the listing broker not be present when a counter-offer is presented, the listing broker has the right to a copy of the purchaser’s written instructions.

From the Two-State Core class on August 5th:  Jan Pringle sought the opinion of one of the KCRAR Contracts instructors who also teaches Short Sales... "It is my opinion that the definition of a short sale is a sale in which the proceeds do not cover the mortgage amount owed. Whether the seller has funds to cover the difference is not what defines a short sale. 

Just because the seller has the funds to bring to closing to make certain everything is paid off does not mean he will actually do so when faced with doing it at closing time. I believe that it should be treated the same in all ways as a short sale where the funds are not available so there is no misunderstanding by the buyer."

Additionally, here is a lot more information in a column appearing in the August 2009 edition of KCRAR's Realeyes newsletter: (by Susan Bowers, HMLS President) This should explain things better than I did in class.

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From the class on June 9, 2009 - FBI & Appraisal Fraud. The student handout materials were lacking the following parts of Don Gossman's presentation.  Sorry! Here they are:

Part II

Part III