Delivering and Holding the EMD
July 2024 - VAR Legal Team
This case examines a scenario in which a real estate licensee completed the terms of a purchase contract in a manner that violated the Virginia Real Estate Board…
Welcome Virginia REALTORS®
July 2024 - VAR Legal Team
This case examines a scenario in which a real estate licensee completed the terms of a purchase contract in a manner that violated the Virginia Real Estate Board…
June 2024 - VAR Legal Team
Allegations Violation of 54.1-2132.A.4 of the Code of Virginia (Count 1) Violation of 18 VAC 135-20-260.11.g (Count 2) Violation of 54.1-2131.A.4 of the Code of Virginia (Count 3)…
Posted May 14, 2024
You are the listing agent. It is a day away from closing, the buyer is missing from action, and you just realized that the EMD was never delivered!?…
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This case study highlights the importance of providing reasonable assistance to your buyer in satisfying their contract obligations. The damage done illustrates why it is important to communicate…
Jan 2024 - VAR Legal Team
Background: In December of 2022, Kinsella Realty (“Kinsella”) entered into an Exclusive Right to Represent Buyer Agreement with Terrance Mann (“Mann”). The buyer agreement listed Archie Graham (“Graham”)…
Mar 2023 - VAR Legal Team
Failure to Follow Up – EMD and Communications This case examines a scenario where a Buyer’s Agent did not perform due diligence in ensuring that her clients’ EMD…
Nov 2022 - VAR Legal Team
This case examines a scenario where the buyer’s agent failed to ensure that an earnest money deposit (EMD) provided to her was submitted to the escrow agent and…
Laura and Santiago discuss what happens when a deal falls through but you want to move on.
Laura and Santiago discuss deposits & extended deposit dates.