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Rainmaker
4,362,208
Richard Weeks
Dallas, TX
REALTOR®, Broker

You go to a nice restaurant, order a steak and bottle of wine.  The waiter brings you your order and it is implied you will pay for your meal after consuming the steak and wine.

Aug 09, 2019 02:54 AM
Ambassador
5,763,164
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Failure to get a Buyers Agency Agreement signed often leads to an implied contract and failure of your fiduciary duties.

In our state until this is signed you are legally working for the seller, yet many will give their buyer customers the impression that they are actually working for them.  The agents give this impression by saying things that the sellers agent should not be saying, giving advice and opinions on things like price, terms, conditions and referring to them as "their buyer", rather than being very explicit that they are not working for the buyer and continually reminding the buyer that they are working for the seller until this is signed.

Aug 09, 2019 12:33 AM
Rainmaker
1,058,293
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I like Sam Shueh's response

Aug 09, 2019 08:02 AM
Rainmaker
2,086,317
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Over my whole career I never put myself in that position as a Real Estate pro. Get it in writing EVERY TIME COLLEEN MANLEY .

Aug 09, 2019 05:56 AM
Rainmaker
4,505,103
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Don't have any. Never once dealt with an implied contract in 26+ years in the profession.

Aug 09, 2019 04:35 AM
Ambassador
4,569,713
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

They're not worth the paper they're written on.

OH WAIT! They're not written - they're not valid in any court of law in NC or SC.

Aug 09, 2019 08:23 AM
Rainmaker
549,912
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

Real estate contracts in Florida do not have to be in writing but they cannot be enforced unless they are in writting.  Also, get changes to the contract in writing, too!  

Aug 09, 2019 07:57 AM
Rainmaker
2,692,824
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Actions, hints and suggestions outside of a written agtreement are implied

Aug 09, 2019 06:22 AM
Rainmaker
7,051,566
Roy Kelley
Retired - Gaithersburg, MD

When you show properties without a signed agreement with your prospects. 

Aug 09, 2019 06:13 AM
Rainmaker
1,231,605
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

COLLEEN MANLEY Best of luck with your online classes.

Aug 09, 2019 05:53 AM
Rainmaker
916,348
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Let's go beyond the real estate agent arena.

The courts LOVE the implied contract of 'peaceful enjoyment.'

If you intend to be a landlord, understand you will lose this case every time if harassing is the #1 means of getting a tenant to move out.

Aug 09, 2019 05:12 AM
Rainmaker
4,579,536
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Like Nina Hollander, in over 40 plus years never had it happen!

Aug 09, 2019 04:58 AM
Rainmaker
5,580,934
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I surely hope your instructor knows the answer..... 

Richard Weeks provided a great answer for you.....

Aug 09, 2019 03:22 PM
Rainmaker
5,768,176
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No examples, unless a contract is written and signed by both parties, it means ZERO..  A

Aug 09, 2019 08:12 AM
Rainmaker
1,185,039
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

That is where all disputes are. Got to be in writing signed and dated. 

Aug 09, 2019 07:26 AM
Rainmaker
2,054,999
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Shady Folks

Aug 09, 2019 07:25 AM
Rainmaker
1,028,297
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Contracts must be in writing to be enforceable.

 

Aug 09, 2019 07:13 AM
Rainmaker
468,849
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Implied "contract" in real estate?? In WA state all real estate "contracts" must be in writing and signed by both parties. I beleive this will be covered in the Contract Law portion of your studies. Implied agency is a different story.

Aug 09, 2019 06:46 AM
Ambassador
3,162,655
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies. 

Aug 09, 2019 11:19 AM
Rainmaker
1,431,721
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

None.  Don't do it.  RUN FORREST RUN!!!

Aug 09, 2019 10:06 AM
Rainmaker
2,066,224
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

:) I am with Richard Weeks 

Aug 15, 2019 01:58 PM
Rainmaker
1,598,130
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Oh, you won't believe - I don't remember.

Aug 14, 2019 06:00 PM
Rainmaker
5,337,934
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good luck with your studies.

Aug 24, 2019 09:47 AM