Most residential real estate purchase agreements in Minnesota offer the buyer and seller the option of agreeing to real estate arbitration, rather than a trial in court, as a way of resolving disputes. As with all choices in life, there are positives and negatives to selecting arbitration. First, it is important to understand that your…
Continue ReadingA seller of real property is not the only one obligated to disclose facts about real estate. Real estate agents are also obligated to disclose to a prospective buyer information about the real estate.
Continue ReadingSellers of Minnesota real estate must make a seller disclosure. Minnesota law requires that all sellers of residential property disclose to prospective buyers all “material facts” that could affect a buyer’s use and enjoyment of the property. Minnesota law also requires that real estate salespeople disclose to buyers material information that they may know about…
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