Rick will be at the Monthly MAREI Meeting on March 6, 2022, to meet with investors during the pre-event networking sessions and to provide a brief update on SB382, a bill introduced by the Kansas Real Estate Commission to require licensing of wholesalers in Kansas. Full Meeting Details If you’ve been in business for any length of time as a real estate investor you will either hear about or take part in a fire sale of properties when a fellow real estate investor passed away or was affected by a catastrophic illness.  Their empire was running like a top and then bam, it crumble ..read more

Wire fraud doesn’t just happen to uneducated or gullible people.  It happens to everyone — including real estate investors and landlords.  Join us for a discussion about how dishonest people attempt to take advantage of real estate transactions to steal money from buyer, sellers, and title companies and some of the ways you can protect yourself from becoming a victim. The post Wire Fraud: How it Happens and How to Avoid It appeared first on rickdavisLEGAL ..read more

Program Description An Advanced-Level Guide to Complex Construction Law Issues On any construction project, seemingly simple issues can quickly become complex if not handled correctly. That’s why it’s essential to have an in-depth understanding of critical construction project legal matters that have the potential to cause severe headaches for your clients. In this advanced-level course, our experienced faculty will share their decades of construction law experience and will provide you with valuable tools you can use to help your clients through change order disasters, project delay disagree ..read more

As the seller, there will be several documents that you will need to notarize as part of the online closing. To accomplish this, we utilize a company called notarize.com. How it works is that you will get an email from Notarize.com, which includes a link that you can use to review the documents. When you are ready to complete your side of the transaction, you will click on the link in the email, verify your identity and e-sign the documents. If you would like more information on the process, you can view the video below. You do not need to worry about signing your documents early as we w ..read more

I had the chance to speak with Kim Tucker from the Mid-American Association of Real Estate Investors (MAREI) about some basic legal concepts, such as forming LLCs and using contract forms you find on the internet. We also took a quick detour to discuss the Texas federal court decision that just came out finding that the CDC’s eviction ban was unconstitutional and why that isn’t as good of news as it sounds for Kansas and Missouri landlords. You can view the video below. After watching the video, please take a few minutes to check on the MAREI website and learn more about getting involved with ..read more

I get this question quite a bit. One of my investor clients reaches out and says they found a case from a federal court that says they can (or cannot) do something and they assume it applies to them. Although this may be true, many times its not. Our federal court system is made up of 94 district courts and 13 Appellate Circuits. Decisions are only binding on lower courts, so a decision in a California federal court may not mean the courts would interpet the law (even federal law) the same way in Kansas or Missouri. Below is a short video that provides and overview of our federal court system ..read more

We are humbled and honored to share that for the second year in a row Rick received the 2020 Silver Client Champion Award from Martindale-Hubell. The client champion award is based on client reviews received on the Lawyers.com website over a two year period. Fewer than 1% of all lawyers qualify for a client champion award, which is an exclusive recognition that demonstrates an attorney’s commitment to client service. Martindale-Hubbell is an online service that provides reviews of individual lawyers as well as law firms that they work for and is designed to provide people seeking legal help wi ..read more

The vast majority of real estate agents work on commission, meaning that they are paid once the transaction closes. To simplify how commissions are routed, sales commissions are paid out of the seller’s proceeds, according to the terms of the listing agreement and/or the sales contract. Thus, the buyers’ agent commission is paid by the sellers, as a portion of their listing commission. All commissions paid to a real estate agent have to pass through their broker; only a broker can pay a commission and only a broker can sign a listing agreement or a buyer representation agreement. When the home ..read more

Once your home is listed in the multiple listing service (MLS), your agent will begin marketing your home to ensure it gets in front of as many potential homebuyers as possible. Since over 95% of consumers search online to find their next home, according to the National Association of Realtors Profile of Home Buyers and Sellers, your agent will likely ‘syndicate’ your listing to all of the major real estate websites. Syndication is the process of publishing your listing to multiple sites at the same time. Using the property details, the written description, and all of the digital media they’ve ..read more

As you prepare to put your home on the market, there are improvements you can make – some small, some big – that will help you appeal to homebuyers and maximize the price you get for your home. And some existing home features can be a major selling point. According to the National Association of REALTORS® latest profile of homebuyers and sellers, buyers plan to occupy their homes for the next 15 years. They want homes that offer the room, flexibility and comfort they anticipate they will need in the upcoming years. Energy efficient appliances, windows, and systems in the home are important; to ..read more