| Show Artiertisto0 Sim) knell to The Salt Lake Trburv Deseret & The Salt Lake TribuneDeseret News September 10 1994 G7 Neos n take more classes The CCIM is considered the "PhD" of real estate It is given to members who have successfully completed 240 hours of graduate-leve- l study in property analysis valuation projections and analysis taxation syndication investment and marketing to list a few of the classes required So why go to all the extra work to achieve this lofty goal? Aside from higher income (median income of CCIM's is 25 percent higher than that of commercial investment practitioners not affiliated with the program) today's professionals — that is attorneys CPAs bankers engineers title and insurance executives — demand the best from agents The CRB designation is awarded to those who successfully complete the 300- CRB course series fulfill experience requirements and apply management concepts to daily practice All the designations are of course intended to provide more education and information to agents to they can better provide for the needs and services of their clients Agents upper-divisio- Continued from page GI The first designation an agent usually goes for is the GRI This requires an additional 96 hours of continuing educay tion or six classes These classes are offered through different boards so those attending must travel sometimes great distances in order to attend Instruction covers everything from listing and marketing residential property taxation and the agent's code of ethics the legal aspects of real estate fi- cash-flo- two-da- career and appraisals nancing of propmanagement and erty such as with condominiums and investment in commercial real estate About 10 percent of the agents go on to fill the GRI requirements Last year for example 130 agents completed and passed the course To receive the CRS designation an agent must take an pass GRI requirements then reach a certain sales level not only in the number of homes but also in dollar volume This allows them to w The Law Continued from page G6 agent's knowledge was that there were no defects the past problems with the pipes having been solved Having resolved the issue of the agent's liability the court then considered two other issues of importance to home buyers and sellers First the buyers alleged that the sellers breached a warranty given under the Earnest Money Sales Agreement with regard to sellers' notice of building code violations However the court dismissed this claim noting that the terms of the contract affirm the general principle that the provisions of a real estate purchase contract absent other language do not survive the conveyance of title by deed (Be aware however that under the terms of the Real Estate Purchase Contract now used by Utah real estate licensees warranties under the contract do survive closing) The second issue remaining involved whether or not the court should have award INERELIMME t FREE CLOSING COSTS CURRENT NOTE RATE help people finance 1 homes" 14a '- '''-- -- 1 Isi 538 St e o 865 SERVING trrAH SINCE 1988 if TIME: 7:00 PM which mortgage is best — fixed or variable rate the pros and cons of new construction vs resale what to know before you look at house what to do if you want to buy a home and have a home to sell how to get your best buy in today's market PLACE: The Keaton Hotel 5335 College Dr (480 Seating la limited! 9 Call for appointment 1981 E 4800 S Suite 110 WORK FOR DOWN LOW DOWN LOANS 0 now is the time to buy a home 0 who should not buy a home 0 CA STILEIZI1101s1 ES REALTOR TUF--S 0 0 GRAND OPENING! Teresa Larson PROFESSIONAL DATE: 0 APR Tom Rogan is a real estate attorney in Salt Lake City and is active nationally and locally in promoting preventive law and risk reduction in real estate transactions 4050 SOUTH 2200 WEST NEW HOMES FROM $117900 1 At this semin ar you WI Hearn 0 I YR APT4 e MANY FLOOR PLANS LOAN OFFICER "We re-sal- e AT QUAIL RUN '''44s Michael Logue REMODELCONSTRUCTION re-sal- 44: 4 Don't buy sell a home without attending this program! $100 OFF PURCHASEREFINANCE t to Home Buyer Seminar or FINANCIAL CENTER of Utah Residental Mortgage Division o ed attorney's fees to the sellers Here the court noted that although the purchase contract provides for an award of attorney's fees to the prevailing party the court may exercise its discretion and not award fees or award them in a reduced amount Also if attomey's fees are awarded they must relate to claims arising under the provisions of the contract As a buyer or seller of a residence then remember three important lessons from this case: first no home is free of problems and it is the buyer's responsibility (using the services of a competent home inspector) to discover these problems second real estate agents must disclose only what the know and they are not expected to know everything and third an award of attorney's fees is far from a certainty Call SEPT 263-087- 20 BUYER INCENTIVES OPEN W) SAT-SU- 12-- 7 11-- 6 MITCH MILLS Today! 8 M-- F N 599-068- 2 278-109- ERA PRESENTED BY: Rates subject to change without notice ' ' :Pr - s -- yl ':''' ! :1!-):- '' 4' C1 t ' 7' 4114 ea-Y t a i kr - LIU 12360 South 2086 West Riverton New Homes Near Completion l $1685001 12419 S 2075 West Lot 230 110 Acres of lakes for your enjoyment sailing and canoeing Tennis courts A Swimming pool Recreation center Observatory-Summe- r gazing parties Tues-F- ri Saturday I 1- -6 11-- 7 West View Park across from I pm 1- -7 Hunter schools within walking distance Views views views I Sunday Salt Lake City 4100 South 6000 West New Homes Community Open acre of kiddy play grounds 26 easy minutes from downtown 1 r e4e 4 18 Hole championship golf course t! Jkit Air AWWioP- 133 Country Club Drive a elk I - - c I Call 3644544 or West Hills AI$Z 2 rAri:e:tAtP7t7M8PN OF UTAH s-- '''' 'I: ta t mu CO New Phase Now Available ''4: ''') r MANSELL MORTGAGE CO Glen Aire Phase II and III A Master Planned Community - FIDELITY FIRST AMERICAN Village at Stansbury Park tts VILLAGE REALTORS WESTERN Call 254-173- Call 965-9557- 1 61 c)14 pm WATT HOMES pm 1 Bui Wing for a baser quality of life since 1947 Leader In Energy Egetent hatuml Gas homes NtW HOMES GROUP WOAXEY EllEg Ft W15 4 itliolDrr49"'4''''' |
