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Posts Tagged ‘Real Estate Agent’

Las Vegas Vacation Homes

Tuesday, December 6th, 2011

If you are looking for the comfort of vacation homes in Las Vegas but want to leave the dreary drone of cooking and chores behind you, there are also vacation homes in Las Vegas available for rent that come equipped with a private chef and laundry service. For guests hoping to combine the relaxation of a Las Vegas hotel with the comfort and quiet of a homey space, this is an excellent option.

Great deals on renting many Las Vegas vacation homes can be located through travel agencies or on websites specializing in vacation homes. Package deals are often available, and guests should also be aware that vacation homes would usually have a required number of nights that guests must book. As such, rental homes are not great for travelers planning to spend just a few nights in Vegas. For travelers planning a longer stay, such as three weeks or more, a vacation home may be a money-saving option when compared to a long-term hotel stay.

Purchasing a Las Vegas vacation home or investing in Las Vegas time-shares can be a large investment, and tourists are encouraged to visit the area prior to making a substantial commitment. Travelers interested in purchasing a Las Vegas vacation home can find information through local real estate agents.

Whether you plan to invest in Las Vegas condos, vacation homes, or even a time-share, your time in Vegas will be full of sun and entertainment. Shopping, dining, clubbing, nightlife, and all that the Strip has to offer will be easily accessible.

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Liability Of The Real Estate Agent

Thursday, December 18th, 2008

According to the Law 39/1989 the real estate agent must be registered with the local Chamber of Commerce. If the agent is not registered, he will be liable to fines and other penalties and he will not be entitled to the agreed commission.
The above mentioned legislation provides an important guarantee for the consumer requesting that real estate agents must have adequate insurance cover in order to practise their profession.

As a consequence, although the real estate agent cannot be charged with technical-juridical investigations concerning the property that might have an impact on the transaction (legal due diligence), he is nevertheless charged with duties of information according to the principles of the normal professional diligence.The real estate agent is therefore obliged to give information on each circumstance in his knowledge or that simply he should have known according to the principle of normal professional diligence.
Wrong or non verified information would not be acceptable according to the law. Lack of respect of such principle could cause contractual responsibility and the right of the consumer to request the repayment of the commission.
Under special circumstances the consumer could also be entitled to request compensation for damages.

If the guilty silence of the real estate agent induced the consumer to finalize the contract under different conditions than he would have had if he was properly informed, the real estate agent could be responsible to pay for the difference.
According to article 1755 Civil Code, if the deal is closed thanks to his intervention, the real estate agent is entitled to a commission from both parties. Such right could arise already at the signature of the preliminary contract, assuming that such contract is complete in all the essential elements.In order to be entitled to the commission the real estate agent must have a decisive role in the transaction.Simply generating the lead of a potential buyer without accomplishing any other task, is not enough to be entitled to such right.The law does not provide the cost of the commission; therefore this can always be freely agreed by the parties. It is always advisable to agree the commission in writing.