Kristin Rosan, Madison & Rosan, LLP | Hondros College Contributor
Articles by Kristin Rosan, Madison & Rosan, LLP | Hondros College Contributor
Real Estate Commission Issues License Revocations
Blog
November 15, 2018 |
To avoid a license revocation, a licensee must: Seek a purchase offer at a price and terms acceptable to the client Present any purchase offers to the client in a timely manner Provide the seller with a copy of the agency disclosure statement In its Fall of 2018 Newsletter, the Ohio Real Estate Commission… Read more
Is Your Practice Ready for Drone Technology?
Blog
November 9, 2018 |
Real Estate professionals have started using drone technology to take aerial photos of listings and the surrounding neighborhoods. The technology is especially useful in publicizing the unique features of a property, such as natural features like streams and rivers, outdoor amenities, and lot size. Also, offering clients aerial photographs may give you a competitive advantage… Read more
Delaware County Recorder Issues Notice of Documents Not Timely Recorded
Blog, Mortgage Lending
November 2, 2018 |
On October 26, 2018, the Delaware County Recorder issued a notice that certain documents filed with its office were not timely recorded. The notice indicates on October 19, 2018, the office located approximately 30 documents were not timely recorded. The documents were presented to the office over a period of approximately the last 3 years…. Read more
Protecting Your Business from Data Breach Liability
Blog
October 26, 2018 |
A nightmare for your clients can also become a nightmare for your business. If your business suffers a data breach and your client’s confidential information is stolen. You can be liable for any damages your client sustains as a result of your failure to implement reasonable information security controls. Luckily, there is a new… Read more
New Options for Settling Legal Disputes
Blog
October 19, 2018 |
If you’ve been involved in professional practice long enough, chances are you’ve had the need to work through legal disputes with clients or other business professionals. In an effort to reduce the volume of cases before the Court, the Franklin County Small Claims and Municipal Courts have unveiled several new options for settling legal disputes… Read more
Oil and Gas Professionals Must Now Obtain Real Estate Licensure in Ohio
Blog
October 11, 2018 |
Continued from my earlier article concerning this topic. Last week the Ohio Supreme Court issued a ruling that those Ohio professionals that help obtain oil and gas leases on behalf of clients must obtain a license licensure as a real estate broker or salesperson. Prior to the Supreme Court’s decision, the federal districts in Ohio… Read more
Are There Laws Against Littering On Your Own Property?
Blog
September 28, 2018 |
We know trash and blight can stigmatize neighboring properties, they can foster crime and become a public health hazard. Citing reduction in property values along with eyesores, health hazards, and rodents, State Representatives Boggs and Miller have introduced legislation to criminalize litter on one’s own property in the state of Ohio. During her testimony before… Read more
Flat Fee, Minimum Service, and A La Carte Brokers
Blog
September 21, 2018 |
The same strategy that low-cost airlines utilize is also becoming more common in the real estate industry. Consumers find it attractive to only pay for what they need. If they aren’t traveling with luggage, why should they pay the same price as a passenger that does? For buyers and sellers, why not do some of… Read more
Are Your Commissions Subject to Garnishment?
Blog
September 14, 2018 |
Many licensees believe that because they are independent contractors, their commissions cannot be garnished. This is incorrect. Ohio has several statutes that apply to a judgment creditor’s collection on its judgment from a judgment debtor. One is garnishment of personal earnings and the other is garnishment of property other than personal earnings. The former is… Read more
E&O Policy Claim Dismissed: Statute of Limitations
Blog, Insurance
September 7, 2018 |
The Ohio Supreme Court recently issued a decision clarifying when the statute of limitations starts to run for claims against insurance companies regarding professional liability insurance policies. The case stems from a real estate company’s lawsuit against their insurance agent for negligence in failing to procure an appropriate E&O policy for the brokerage and negligently… Read more
Blockchain: The New Real Estate Frontier
Blog
August 31, 2018 |
The Franklin County Auditor’s Office recently announced a pilot project to use blockchain technology to transfer a real estate deed. Ohio is not the first state to explore the technology for real estate transactions. In July of this year, California became the first state to conduct a blockchain only real estate deal. Similar to the… Read more
