This week took me to the city of Enid. The Enid Board of Realtors invited me to speak to their lunch group about the Oklahoma Real Estate Commission and some of the changes the Commission instituted this year that affect what we do.
One item that came up was one of the minor changes that we will be seeing on the Seller's Disclosure Statement. The updated disclosure prompts a seller to disclose if the property is in foreclosure. The intent is that a prospective buyer will have knowledge in advance that a home may not make it to the closing table after a he or she has invested money in an appraisal and inspections.
Another item that was added is that properties with septic tanks now have a specific question as to if the septic system is working properly.
But the most lively discussion came about when talking about that an agent must have the brokerage's name and phone number on a yard sign that is "prominent" and "easily identifiable". If you have a yard sign with your information on it, you can't bury the broker's name in the fine print.
Otherwise, it was great day for drive and I've got to hand it to the broker's and Board of Realtors in Enid..You do a great job representing our industry!
If you ever have a question about the OREC code and rule, never hesitate to call me, even if you're calling for "a friend" :)
Have a great week selling!
Pete
Sounds good Pete! I am heading down to Ft Worth on Wednesday for RLI's National Land Conference. I will bring home some notes...
ReplyDeletePete...good to clarify the rules on the yard signs, I think CBS associates use our signs, but at the store I am always being asked what the rules are...good information to know.
ReplyDeleteI saw your pictures on facebook...Enid Board is working hard. Kathy Fowler and I were on Leadership OAR together, and she does a great job there.
Bonnie Baker
We certainly want to thank Pete for sharing his knowledge with us. Thank you, Thank you, Thank you!
ReplyDelete