Is the NAR settlement consistent with what the Department of Justice wants? Based on some court filings from the DOJ, there may be more coming. Don't be scared, be prepared.
🧠 More insight into the NAR settlement on our newsletter. Join at https://www.rpro.academy.

The future of the industry is not just business as usual. Here is some insight from educator/attorney/broker Geoffrey Long with R Pro Academy.

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✅ Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy.
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Explain the contract to your clients the easy way!
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😎 The R Pro Academy Contract Explainer Video Set is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

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Ways we can work together.
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🙌 R Pro Academy is more than just real estate education. R Pro is your strategic partner to help you elevate your real estate business or association to new heights. See more and contact us at https://www.rpro.academy/your_strategic_partner.

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Connect with us!
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Facebook ➡️ https://www.facebook.com/rproacademy
Instagram ➡️ https://www.instagram.com/rproacademy

⏰ Timestamps ⏰
00:00 Quick first take
01:07 The DOJ's problem with the industry
04:34 What the DOJ wants the industry to look like
09:28 What the DOJ might do
10:57 What you can do to be prepared

#realestateagent #narsettlement

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Disclosures and Disclaimers
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⚖️ Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

🤝 Affiliate Disclosure: We may earn a small referral commission for any product links, but we only recommend products we fully believe it. As an Amazon Associate we earn from qualifying purchases.

Some big changes from the NAR lawsuit, what it means for commissions, and some BIG unanswered questions.

🧠 More insight into the NAR settlement on our newsletter. Join at https://www.rpro.academy. The future of the industry not just business as usual.

Here is some insight from educator/attorney/broker Geoffrey Long with R Pro Academy.

======================

✅ Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy.

======================

======================

Explain the contract to your clients the easy way!

======================

😎 The R Pro Academy Contract Explainer Video Set is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

======================

Ways we can work together.

======================

🙌 R Pro Academy is more than just real estate education. R Pro is your strategic partner to help you elevate your real estate business or association to new heights. See more and contact us at https://www.rpro.academy/your_strategic_partner

======================

Connect with us!

======================

Facebook ➡️ https://www.facebook.com/rproacademy
Instagram ➡️ https://www.instagram.com/rproacademy

⏰ Timestamps ⏰
00:00 Quick first take
03:18 Mandatory buyer agreements
06:31 Compensation changes
17:14 Some unanswered questions

#realestateagent #narsettlement

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Disclosures and Disclaimers

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⚖️ Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

🤝 Affiliate Disclosure: We may earn a small referral commission for any product links, but we only recommend products we fully believe it. As an Amazon Associate we earn from qualifying purchases.

Did you know your real estate business almost certainly needs to file a report with the Financial Crimes Enforcement Network? Have you heard people talking about the Corporate Transparency Act? This new filing requirement is here, and if you operate your real estate business or real estate investments through an LLC or Corporation, you need to complete this new required report with FinCEN. This video covers everything you need to know about this critical new reporting requirement, including the significant fines and jail time that could result from not filing!

Do you want an attorney at an incredibly affordable rate to help you, answer your questions, and submit the report for you? Check out our partner law firm GDL LegaL PLLC here: https://www.gdl.legal/practice-areas/corporate-transparency-act-fincen-filing

After watching the video, if you need more information on reporting, check out our page on the Corporate Transparency Act filing requirement here: https://www.rpro.academy/blog/corporate-transparency-act

00:00 Do you know about the new federal business report that’s required?
00:13 What is the Corporate Transparency Act reporting requirement?
00:33 Why do I have to do the report?
01:01 What do I have to report?
02:20 When do I have to report?
02:55 Do I report any changes in reported information?
03:23 What happens if I don’t report?
04:01 How do I complete the report?
05:16 File your report as soon as possible!

Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy. The R Pro Academy Contract Explainer Video Set (updated and improved for 2024!) is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

#corporatetransparencyact #fincen

Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

Affiliate Disclosure: We may earn a small referral commission for any product links, but we only recommend products we fully believe it. As an Amazon Associate we earn from qualifying purchases.

Dan Reynolds posted an interesting question about weekend deadlines in Oklahoma real estate contracts on Facebook the other day, and we just had to sit down to discuss it. One of Oklahoma’s real estate contract forms was changed so that if a particular deadline falls on a weekend, it would automatically move forward to the next business day. The justification for this change cites an obscure Oklahoma law on holidays.

How do weekends and holidays impact contract deadlines in Oklahoma real estate contracts? Is every deadline that might fall on a weekend in question now? Watch this video to see our discussion of this obscure law and how it might change how you handle weekend deadlines in Oklahoma real estate contracts.

Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy.

The new and improved 2024 R Pro Academy Contract Explainer Video Set is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

R Pro Academy is more than just real estate education. R Pro is your strategic partner to help you elevate your real estate business or association to new heights. See more and contact us at https://www.rpro.academy/your_strategic_partner.

- Audio recorded with the DJI Mic set: https://amzn.to/3NRW1UY

- Video recorded with the DJI Pocket 3 Creator combo: https://amzn.to/3H8mZnE

#realestateagent #realestateagenttips

Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

Affiliate Disclosure: We may earn a small referral commission for any product links, but we only recommend products we fully believe it. As an Amazon Associate we earn from qualifying purchases.

If you are an Oklahoma real estate agent you need to be familiar with the Oklahoma law on psychologically impacted properties. What are psychologically impacted properties? These are properties where certain kinds of deaths occurred, felonies have occurred, and people with certain diseases have lived. You might have a client ask, “Do we have to disclose a death in the house?” Or perhaps a buyer wants to know if there were any deaths in the property before they buy.

Do you know how to handle these requests when working with buyers and sellers? Do you know what the law requires for disclosure and the factors it applies to? In six short minutes, this video will give you a complete rundown of Oklahoma’s law on disclosures for psychologically impacted properties!

00:26 What are psychologically impacted properties?
01:31 What is the process for disclosure?
02:30 Is disclosure mandatory?
03:22 Bonus tip for working with buyers.
04:46 Summary

Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy.

The R Pro Academy Contract Explainer Video Set is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

R Pro Academy is more than just real estate education. R Pro is your strategic partner to help you elevate your real estate business or association to new heights. See more and contact us at https://www.rpro.academy/your_strategic_partner.

#realestateagent #realestateagenttips

Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

Affiliate Disclosure: We may earn a small referral commission for any product links, but we only recommend products we fully believe it. As an Amazon Associate we earn from qualifying purchases.

Real estate agents need to make efforts to explain the real estate contract to their clients. This video showcases a small piece of a Code of Ethics class taught by attorney, broker, and educator Geoffrey Long with R Pro Academy discussing the benefits of explaining the contract to your client and how you can use video to make it simpler. This method has the added benefit of helping you to look more professional, save time, and out compete your competitors.

00:00 Not explaining the contract.
00:54 Why explain the contract?
02:54 Using video to explain the contract.
04:57 Contract explanation as risk management.

Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy.

The R Pro Academy Contract Explainer Video Set is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

R Pro Academy is more than just real estate education. R Pro is your strategic partner to help you elevate your real estate business or association to new heights. See more and contact us at https://www.rpro.academy/your_strategic_partner.

#realestateagent #realestateagenttips

Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

Affiliate Disclosure: We may earn a small referral commission for any product links, but we only recommend products we fully believe it. As an Amazon Associate we earn from qualifying purchases.

Does the Oklahoma real estate contract REQUIRE buyers to give the seller a copy of the inspection reports? I have answered this question dozens of times over the years, and there is often some confusion on how this works. We are going to clear this up once and for all in this video that will give you the definite answer to the question - Does the buyer HAVE to give the seller inspection reports?

00:00 Introduction
00:28 The Question
00:42 How Inspection Reports Work
01:39 The Contract Options - Cancel or TRR
02:47 The Answer - Giving the Seller Inspection Reports
03:09 The Oklahoma Contract Language
04:45 What If We Don't Give Inspection Reports?
05:24 Explaining the Contract to Your Clients
06:27 The Final Word - Please Like & Subscribe!

Get R Pro Academy's FREE transaction checklist by joining our email list at https://www.rpro.academy.

The R Pro Academy Contract Explainer Video Set is available for purchase in our store (along with our currently available online education courses) at https://www.rpro.academy/store.

R Pro Academy is more than just real estate education. R Pro is your strategic partner to help you elevate your real estate business or association to new heights. See more and contact us at https://www.rpro.academy/your_strategic_partner.

#realestateagent #realestateeducation

Legal Disclaimer: This video is for educational and informational purposes and is NOT legal advice. Nothing in this video should be considered to create an Attorney-Client relationship with Geoffrey Long or GDL Legal PLLC. Consult YOUR attorney if you have legal questions about real estate, the real estate contract, or your real estate transaction.

The contract is busting because the buyer doesn't like the inspection results. They have to give you a copy of the inspection reports, but you don't want them. You would rather not know so you don't have to deal with disclosing whatever was found! But, is that a good idea? Check out this video for the R Pro Academy take on getting inspection results.

Check out R Pro Academy online: https://www.rpro.academy

Purchase our Contract Explainer videos: https://www.rpro.academy/store

What's at stake if your buyer breaches an Oklahoma real estate contract? If you think losing their earnest money is the only thing that could happen, I have some bad news! It could get a whole lot worse and cost a whole lot more. This episode of The R Pro Show covers some of the worst case scenarios if your buyer breaches the standard Oklahoma real estate contract.

The contract says one thing and the Oklahoma Real Estate Commission rules say another! Which one wins? Or are they two completely different things? This episode of The R Pro Show teaches you everything you need to know about timely depositing earnest money and how to understand the two different three day requirements in the real estate contract and the OREC rules. Watch this episode so you never miss a deadline when handling earnest money!