Knowing and understanding the importance of critical dates in a contract are necessary to avoid risk and liability — not only to a buyer, but to the agent and the brokerage. In this blog, we address the most commonly seen risks and potential liability when writing a 2-week contract in a real-life example recently closed by [...]

On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act.) As part of the PATH Act, certain provisions concerning withholding under The Foreign Investment in Real Property Tax Act (FIRPTA) were amended. These amendments went into effect for transactions closing on and after February 16, 2016. [...]