Both Paul Harmon and Phil Levin, managers at PMZ Real Estate, have stressed to agents the need to be aware of any fine print pitfalls the banks (property holders/owners) have been including into the purchase contracts of bankowned properties.

Please be sure to review your contracts and agreements that you have between your buyers and the banks.  An overview of this information with responsible scrutiny will help protect your client’s and yourself from being taken advantage of by any seemingly deceptive changes to contracts by the banks. Consult with your brokers legal adviser if necessary.

A quick update for those folks who couldn’t make it to the residential staff meeting this morning.

Mike announces availability of Letter of Mutual Commitment form
Having your buyers make a commitment to you as their sole agent allows you to focus 100% of your energies on them without worrying they are shopping around. CAR offers a more comprehenisve form that some buyers might find intimidating. This 5 paragraph, one-page document is simple and easy to understand for your buyers. Check it out under the Forms section of Zagaris Online Solutions.

Chris Johnson announces Nehemiah changes
We got a home loans update regarding the Nehemiah program for buyers, from Chris Johnson. He noted that fees for the program will be going up from $499 to $599, so be aware and start getting your clients in there for pre-approval to take advantage of this still lower price .

Jon Zagaris, Paul Harmon and Phil Levin on MetroList lock boxes
It is EXTREMELY important that agents remember that if you are listing your house on the Metrolist MLS, YOU WILL GET FINED if you do not have a Metrolist lockbox on the house.

They are having a sale on the lock boxes right now, so contact Phil at extension 1235 to get more information.