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…
Earnest Money Deposits (EMDs)
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Communication is Key – Legal Case Study – June 2024
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)…
EMD Defaults
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!?…
Failure to Promote the Best Interests of the Client – Legal Case Study – May 2024
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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…
EMD Communication – Legal Case Study – January 2024
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”)…
Failure to Follow Up – Legal Case Study – March 2023
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…
EMDs and COVID-19 – Legal Case Study – November 2022
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…
EMD and Partial Release – Legal Podcast
Laura and Santiago discuss what happens when a deal falls through but you want to move on.
EMDs & Extended Deposit Dates – Legal Podcast
Laura and Santiago discuss deposits & extended deposit dates.