V Real Estate Agency

05/02/2024

In our sales meeting this week, our agents examined case law on the legalities surrounding non-refundable earnest money deposits. Is it a good idea? What are the possible legal repercussions?

V agents are legally trained to understand the nuances on these types of issues so that they can better represent and protect their clients. If you need help buying or selling real estate, give us a call and rest assured that your interests are safeguarded by a highly trained professional!

02/15/2024

In our sales meeting this week, our broker and attorney broke down the new Utah commission lawsuit. Our agents learned how this lawsuit is similar to the suits currently being litigated and, more importantly, some of the key differences that makes this suit notable and important to understand. Our agents walked away with a full analysis of the Utah suit and well equipped to converse with clients and customers about it.

Our broker also analyzed a court case dealing with the question of 'what constitutes reasonable due diligence in order to trigger certain rights when enforcing the REPC.' Our agents learned what due diligence really is, how the courts analyze due diligence efforts, why a home inspection may not fully protect a buyer's right to preserve certain claims against a seller's non-disclosure, and how to best advise clients during the due diligence period.

V Real Estate agents are second to none in their knowledge of the law and ability to protect their clients. If you're looking to buy or sell, contact us for the protective representation you deserve!

02/02/2024

In our brokerage meeting this week, V Real Estate agents read and analyzed a Utah Supreme Court case where the sellers have instructions to their listing agent to sign the REPC for them because they were unavailable to sign. The instructions came from the husband after he and his wife talked about the offer. However, the buyer later cancelled the contract and the sellers sued for breach of contract.

The primary issue before the court was the wife's consultation with the husband and his instructions to the agent. The court has to wrestle with the statue of frauds and how that is impacted by spousal owners. Ultimately, the court held that a REPC never existed because of how the wife's involvement affected the transaction.

From this case and the legal training our agents receive, they know exactly how to handle this type of situation and how the law treats spouses in creating a contract. As a seller or buyer, you will receive top notch representation when you work with a legally and professionally trained V agent.

Give us a call. You'll be in great hands!

01/25/2024

In today's sales meeting, our broker and attorney trained our agents on technical writing techniques for drafting an addendum. From the training, V agents learned the correct legal usage of legally operative words like "shall" and how it is currently being misused by agents. Interestingly, using the word "shall" incorrectly can lead to serious contract ambiguity, confusion, and disputes! We also learned the correct formula to draft iron-clad obligations in an addendum to better ensure that our clients' interests are solidly protected.

When you work with a V Real Estate Agent, you're getting more than a Realtor. You're getting a legally trained, polished professional.

01/17/2024

In today's sales meeting, our agents discussed and analyzed a recent case from the Utah Court of Appeals in which the Court examined a REPC between a buyer and an LLC. We looked at the Court's analysis of Utah law and how an LLC can affect the formation of a REPC. In the case, the Court ultimately held that the REPC was invalid because the LLC was organized as manager-managed and the parties' mistake on that point proved to be fatal to the formation of the contract.

V Real Estate agents walked away with a deeper understanding of Utah law with respect to how to handle transactions involving legal entities such as LLCs, partnerships, trusts, etc. they learned from the Court's own words the additional duties a party has BEFORE executing a contract with a legal entity. They learned exactly what to do when the other side is an LLC to make sure the contract is valid!

As a buyer or seller, you need an agent with the actual legal training to correctly handle these types of situations. Our agents are trained to know exactly what you MUST do before you sign the contract with that LLC! Don't end up in a legal mess where the Court ultimately finds that you never had a valid contract to begin with! Work with a V agent and get the Vigilance you deserve!

01/15/2024

Brokerage dinner to ring in 2024. Here's to a fantastic year of growth and success for these fine agents!

01/05/2024

In our sales meeting yesterday, we continued our legal training by analyzing a case decided by the Utah Supreme Court in 2012 where the Court decided legal issues concerning liquidated damages clauses in contracts. This case is incredibly important in fully understanding the legalities surrounding section 16 of the real estate purchase contract and correctly advising clients with respect to this important provision.

V Real Estate agents are educated weekly by a practicing attorney and are taught the deeper nuances of the law and the contract--a truly unmatched level of training. As a homebuyer or seller, you deserve an agent with formidable knowledge. You deserve a razor sharp agent.

You deserve a V Real Estate agent.

04/25/2023

After 6 hours of marketing analytics before listing, then an aggressive and solid marketing campaign, this home was booked full of showings for 2 days straight! 12 offers received within 18 hours and under contract for 105% of the asking price!!!

04/20/2023

Voila!!! Behold the Value of this Vibrant Vision!!!

Just hit the market. 2736 sq. feet, AWESOME neighborhood! Only $470,000!

MLS #1872124

View this amazing property, images, and listing information.

04/16/2023