Special Town Hall Meeting

June 13, 2017 9-11 am

Orange Beach Community Center
Orange Beach, Al. 36561

What do we really know?

Knowing the letter of the law is not anyone’s favorite part of selling real estate, but it is arguably one of the most important parts of our job. Though we all work and act in ways that we believe to be appropriate and within the legal guidelines, too often agents are unknowingly breaking laws.

Creatures of habit

We are creatures of habit. We do things a certain way because that’s the way we have always done it. We may not even know why we do things a certain way but we certainly don’t want to change. To change would get us out of our comfort zone.

A Town Hall style meeting

Alabama Real Estate Institute is always trying to provide the best quality information available. We strive to stay abreast of the most current laws affecting the real estate industry and then we pass that knowledge on to our students. This is the reason we decided to have this “town hall” style meeting. Politicians use this type venue to get their message out and to gain support. So I decided to try it.

Attorney General speaks out

The main speaker for our meeting is Mr. Chris Booth. He is an Attorney General, appointed by the Governor of Alabama. He is also the senior counsel for the Alabama Real Estate Commission. I view him as the person that will prosecute us if we violate the state licensing law, and he is the one that will defend us when we’re in the right. Therefore, when he speaks, we should listen. During this meeting we will learn things that are not printed in articles.

Some of the topics discussed

Topics that will be covered in this town hall meeting are listed below; plus questions that you may want answers to.

  • Complaints received by the legal department of the real estate commission
  • What cost should be included in an estimated closing statement
  • Recovery fund verses E & O Insurance
  • Disclosure of caveat emptor and agency at initial contact
  • Power of Code of Ethics compared to the law
  • Property management issues and agent rentals
  • Disclosure of earnest money not collected
  • Real estate signs on non-listed property
  • RECAD and estimated closing statements as they relate to commercial property
  • Receipt of commissions bypassing the broker
  • Concessions and compensation as an inducement to purchase

It cost nothing for you to attend with the exception of your time. Breakfast type food will be provided at not cost to you. We do, however, ask that you RSVP me so I can save you a seat and make sure we have something for you to eat.

Please make sure you thank these sponsors for helping make this meeting possible.

Anchor Title and Excrow

Gold Star Realty

ACOPIA Home Loans

 

 

 

 

                       

 

 

Where Is Your Loyalty?

Loyalty Creates Respect

Loyalty Creates Respect

I want you to notice the resemblance of the words loyalty and royalty. The word “Royalty” expresses its own definition. When we think of royalty we automatically think of kings, queens and distinguished people of great importance or things held in high esteem.  Loyalty means the quality or state of being loyal. To be loyal is to be faithful in allegiance to a person, thing, cause, ideal, or custom. Personally I think of loyalty as repayment in service for a kind act that has been done to me. We are loyal to our spouse by keeping our self only unto them. I demonstrate loyalty to my drug store by purchasing all my medicine from them and not shopping at other drug stores; when at all possible. I am loyal to my favorite football team by being a fan regardless whether they win or lose. I am loyal to my children by elevating my love for them above all others. My true loyalty is always expressed by my actions as well as by my words.

Personally I feel I should be loyal to people outside my family and closest friends. I select the place I want to buy my gas based on their price, location and quality of service. If I am pleased with the quality of services they provide, I will demonstrate my loyalty by buying all my gas from them whenever possible. They in return demonstrate their loyalty to me by continuing to provide me quality services. The expressions of loyalty between two people are characteristics that make living more enjoyable; the joy of knowing that people hold me in higher esteem than my competitors.

The Golden Rule is to do unto others as you would have them do unto you. Unfortunately everyone doesn’t live by that principle. [Read more…]