Saturday, December 3, 2011

Hezbollah seeks to reassure Lebanon over probe (AP)

BEIRUT ? The leader of Hezbollah sought to reassure Lebanon on Thursday that he has no interest in stirring up trouble over an international investigation that has targeted members of his Shiite militant group.

Lebanon is deeply divided over a U.N.-backed tribunal investigating the 2005 assassination of Rafik Hariri, a former prime minister and billionaire statesman. There were concerns the country could be facing a political crisis after Lebanon agreed to fund the court this week, against the wishes of Hezbollah, the most powerful military and political force in Lebanon.

But on Thursday, Hezbollah leader Sheik Hassan Nasrallah said he will put the country's interests ahead of everything else.

"Although we reject the legitimacy and funding and cooperation with this tribunal, we will not cause problems in the country and we will put national interests above any other consideration," Nasrallah said in a televised appearance.

The investigation into Hariri's death ? and the degree to which the Lebanese authorities should cooperate with it ? has become one of the most divisive issues in Lebanese politics in recent years.

Hezbollah strongly denies any link to the crime and says the court is a Western tool to strike at the anti-Israel group.

Hezbollah and its allies, which hold a majority in the Cabinet, were expected to block the funding for the court during a vote this week.

But on Wednesday, Prime Minister Najib Mikati said he already had secured Lebanon's $36 million share of funding. Mikati did not say how he secured the money and Nasrallah also said he did not know the details.

Source: http://us.rd.yahoo.com/dailynews/rss/mideast/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_re_mi_ea/lebanon_hariri_tribunal

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Friday, December 2, 2011

Are Verbal Offers Legal? | REALTOR.com? Blogs

questions

Q: Where can I find the ruling on taking verbal offers and presenting verbal offers as being illegal? I am licensed in both Ohio and Pennsylvania.
?Anonymous, Andover, OH

A: I dont think verbal offers are illegal. I know in Illinois they are not. They aren?t binding, but not illegal. I would contact your attorney. They know laws the best :)
Matt Laricy is a Realtor? with Americorp Real Estate in Chicago, IL.

A: While verbal offers are not encouraged, they are also NOT a violation of the NAR Code of Ethics. Presenting an oral offer from a buyer falls within the intent of the Code. NAR Standards of Practice 1-6 and 1-7 talk about offers and counter-offers, but they don?t specify ?written? offers or ?written? counter offers.

Standard of Practice 1-6 states, ?REALTORS? shall submit offers and counter-offers objectively and as quickly as possible.? When you?re acting as the listing agent, Standard of Practice 1-7 says that you shall ?continue to submit to the seller/landlord all offers and counter-offers until closing or execution of a lease unless the seller/landlord has waived this obligation in writing.? Neither of these requires the offer to be in writing.

Article 9 however states that an agent?s obligation is to have agreements in writing ?whenever possible.? ?REALTORS?, for the ?protection of all parties, shall assure whenever possible that all agreements related to real estate transactions including, but not limited to, listing and representation agreements, purchase contracts, and leases are in writing??

With that said by the NAR, I think it?s fair to say that written offers are always preferable. However, Article 9 permits flexibility because of the phrase ?whenever possible.? And since NAR Standards of Practice 1-6 and 1-7 do not limit presentation of offers to those in writing, I would say that that all offers must be submitted (whether in writing or orally) but the fact that an offer is done verbally is not a violation of the Code of Ethics.

While it is still possible that your state licensing laws may limit presentation of offers to ?written? offers, the NAR Code does not make that distinction.

Even though I am not attorney I will offer that fact that oral offers usually do not constitute binding legal agreements in real estate transactions. To be sure, consult an attorney familiar with the Ohio and Pennsylvania statutes.
Lee Dworshak is a Realtor? with Keller Williams LA Harbor Realty in Rancho Palos Verdes, CA.

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Related posts:

  1. Do Realtors Have To Present All Offers To Their Clients?
  2. What Are The Rules About Responding To An Offer?
  3. We Are Stuck In A Bidding War, Is This Legal?
  4. Is A Realtor Allowed To Tell The Broker/Buyer About Other Offers?
  5. Why Can?t We Get Bank to Sell Us REO?

Source: http://www.realtor.com/blogs/2011/11/29/are-verbal-offers-legal/

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