In Your AREA Podcast
The Alberta Real Estate Association wants to provide the on-the-go, ultra-busy REALTOR® a bite-sized option for auditory professional development. Whether in your car, in the gym, or doing your paperwork, In Your AREA is available 24 hours a day and offers Alberta's REALTORS® the opportunity to learn without compromising their business. Offered monthly, each episode is no more than 30 minutes or so and offers a conversation between industry members and subject matter experts around topics that matter to REALTORS®. Happy Listening!
In Your AREA Podcast
Hammering out Holdbacks
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Alberta Real Estate Association
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Season 2
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Episode 12
In this episode, we welcome Ellyn Mendham of RE/MAX Realty Professionals. Joining her is AREA's new Provincial Practice Advisor, Bryan Statt. They discuss why a holdback is preferred, digging into the details of how much to hold back, as well as review the wording of terms and concerns around fraudulent activity. The duo chats about the current views of mortgage lenders regarding holdbacks and consider a lawyer's ability to enforce them.
We hope you enjoy!