The Massachusetts Board of Registration of Brokers and Salespeople has issued a long awaited advisory defining real estate teams. Teams are currently undefined in Massachusetts real estate licensing law and, until now, did not have any specific regulations around them.
Buyer letters, or love letters as they are often referred to in real estate, have been under a lot of scrutiny recently.
Starting today (Friday, November 6th, 2020), new executive orders by Massachusetts Governor Charlie Baker go into effect that impact real estate activities. Most notably, this restricts those in attendance at a private residence to a maximum of 10 people.
The short answer: It depends. Read on for the more detailed long answer!
My seller accepted an offer that waived the home inspection contingency, but now the buyer is asking for an inspection for information purposes. Is my seller required to allow this inspection?
It has come to the attention of the Cape Cod & Islands Association of REALTORS® that during regular audits of real estate brokerages, the Massachusetts Department of Professional Licensure (DPL) -, is also checking real estate brokerages for compliance with COVID reopening procedures.
