![]() However, the usage of team names and personal logos which are used primarily for marketing purposes can sometimes make this difficult for consumers. Through the real estate firm name, it is easy to determine the identity of the Principal Broker for any Salesperson. Any party to the transaction who would like to have a second set of eyes on the Real Estate Contract certainly may ask that the firm’s Principal Broker or a second Executive Broker review and sign the contract as well. While not prohibited, this is not considered a “best practice” because the same agent who completed the contract has reviewed the contract. Occasionally, an Executive Broker will review Sales Contracts in which they personally worked directly with a buyer or seller. This ensures that the buyer or seller can determine who is ultimately responsible for the accuracy and completeness of their Sales Contract. Each party to the transaction must receive a copy of the Sales Contract and any addendum related to the contract, which shows all required signatures, prior to closing. That Principal Broker or Executive Broker is required to sign the Real Estate Contract along with the Salesperson who worked directly with the buyer or seller. Only the Principal Broker or an Executive Broker designated by the Principal Broker may conduct the contract review. While Principal Brokers may delegate some of that authority and responsibility to Executive Brokers within their firm, the Principal Brokers cannot absolve themselves of the ultimate responsibility. What is not necessarily obvious in the typical real estate transaction is that a supervising broker must be in the background overseeing the Salesperson and the transaction.Įach Real Estate Firm has one Principal Broker who is generally responsible for all real estate business conducted by all other brokers and salespersons licensed with his or her firm. One of the advantages to consumers of using a licensed real estate agent in the sale or purchase of real estate is the assurance that their Real Estate Contract has been reviewed by a Principal Broker or Executive Broker prior to closing.Ĭonsumers involved in a real estate transaction often interact only with the front line of the real estate firm, which in most cases is the Salesperson working with that particular consumer. I have been representing Arkansans in court since 2008, and I look forward to using that experience to get you the best results possible.THE REVIEW REQUIREMENT FOR REAL ESTATE CONTRACTSīy Gary Isom, Arkansas Real Estate Commission, Executive Director Of my father’s four children, two became lawyers. Of Joe’s three children, two became lawyers. The opposing attorney was Thurgood Marshall, who would ultimately be appointed to that Court as one of its best and best-known justices. During that time, he argued a civil rights case to the United States Supreme Court. He opened his law firm in 1953 and became Little Rock City Attorney in 1957, a position that he held until 1978. Following graduation, he clerked for Arkansas Supreme Court Justice George Rose Smith. He attended Little Rock Junior College (UALR) and then went to Fayetteville, where he graduated law school in 1951. The Air Force drafted him in 1941 until the end of the war. He was woken by Officer Milk of the Little Rock Police Department, who arrested him for vagrancy. When he got off the truck, he hid in the doorway of a store on Main Street and fell asleep. He arrived at 2AM the next morning, possessing no education, money or clothes. Fed up, Joe punched him in the mouth, walked out of the mill, and hitchhiked to Little Rock on a tree truck. As a practical joke, and for the third time that day, Russell shot a board through the saw that hit Joe in the chest. On the day he left Dierks, he had been working the lumber saw with his younger brother, Russell. ![]() Kemp, moved to Little Rock from the timber town of Dierks, Arkansas in the 1938. I have lived in Arkansas my entire life and I love this state and its people. We add value to our client’s cases by being better prepared than our adversary and by communicating openly, honestly and often with our clients. ![]() Clients expect and deserve that their attorney will have the competence and expertise to achieve their desired goals, and they also expect and deserve to participate meaningfully in their own case. ![]() The need for a trial attorney usually only arises during a period of uncertainty and conflict. Angela Mann and I started this firm aiming to provide Arkansans with the highest quality legal representation in the state.
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