Category: real estate law

Are Sizable Earnest Money Deposits Necessary?

Dear Monty: We are trying to buy a house, but the seller backed out of the sale. The real estate agent is holding our deposit until the seller pays their commission. I know this is not legal, but how can I get my large deposit back? Monty’s Answer: The seller signed two contracts in this…


How to Survive a Home Inspection

Dear Monty: We live in Florida. A realĀ  told us that all real estate agents here are transactional agents. They said it is impossible to have a buyer agent or a seller agent in Florida. Many people have depended on real estate agents to recommend a home inspector. Should prospective buyers ask a transactional agent…


A New Real Estate Agent Questions Her Decision

Dear Monty: I am a new agent. A relative asked me to co-list their home with an agent they knew. We both work at the same brokerage. I was to receive a portion of the listing commission with the split between us skewed toward the experienced agent. The experienced agent was to train me, be…