0:00 – Introduction 0:41 – Section 25. Jason reads section 25 in its entirety. If the other party doesn’t accept the offer, the offer shall lapse, and the earnest money…
These are the dates that matter the most in the contract. Get them right! 0:00 – Introduction 0:50 – Your Deadlines. The biggest issue we see is where dates are…
We hear it all the time, “What’s the response deadline?” Well, there isn’t one, because no such thing exists. It’s an acceptance deadline, you chump!0:00 – Introduction0:58 – Acceptance is…
It’s 5:00 somewhere, but what does that mean? The Utah State Real Estate Purchase Contract (REPC) spells it out in section 21: Time is of the Essence. 0:00 – Introduction…
Insurance protects you from loss. But what does the Utah Real Estate Purchase Contract (REPC) say about insurance and risk of loss during the purchase period? Spoiler: It says the…
What does “And/Or Assigns” actually do? 0:00 – Introduction. 1:03 – Assignable. To assign a contract is to sell the sale of the contract, NOT the actual property. This is…
Who pays for the attorneys when you go to court? Well, that depends on who wins.0:00 – Introduction0:55 – Losers Pay. REPC 17 is about attorney fees. Spoiler: loser pays…
Breaking contracts is a bad idea…and it’s gonna hurt if you do. 0:00 – Introduction. Section 16 of the Utah Real Estate Purchase Contract (REPC) is about breaking the contract…
Do you know how a contract works? Do you know when it binds versus when it can be voided? When can you legally walk away from a contract without penalty?…
The real estate purchase contract (REPC) provides for the ability to mediate dispute or to litigate dispute. Which one should you choose? 1:10 – What’s mediation? A non-biased third party…