All Forum Posts by: Michael Chalke

Quote from @Steve Vaughan:

Which state are you in?  That can matter.

Some states require a seller condition disclosure be completed on all residential sales.

It covers lots of things from having the right to sell or FROF o4 not to  boundary disputes to structure, roof, basement, sewer, etc.  In WA it's called a Form 17. 

Does your state require one and did she fill one out?  Not doimg it or lying on it could give you grounds for comp. 

What she did was put a large wall to wall rug in each room and had tables and chairs over them.  There was no way to check under the wall to wall rugs to see the deep scratches in the middle of each of the rooms.  As for the wall paper, she had holes in the bathroom and living room.  What she did was wallpaper those walls completely and left the holes as is. with picture frames covering them.  There was literally no way to see this without removing the wallpaper.  The light fixtures she said had dead bulbs, that is all, so the inspector thought nothing of it. I changed the bulbs the other day, some of them do not light, so I replacing two chandeliers and one vanity light w/ mirror.  The home is in the State of NJ, and since this was a known material defect, as a realtor, I believe she was required to disclose this.  If this was only a couple grand, I wouldn't give a crap, but labor alone for the repairing the walls, bathroom and floors is around 4k and we're still adding up all the costs for the supplies.  She did do a property disclosure report, but I do not believe this stuff is listed in the report.

I recently purchased a duplex and the seller was the listing agent. After she moved out and I was moving in, she hid many things that I am now fixing/replacing. She placed wallpaper over huge wholes in the wall, light fixtures no longer work, she had huge rugs over the hard wood floor which have dozens of deep gouges and needs complete refinishing.  I have estimates of 7700 - 10200 in repairs. Attorney says it was an as is sale, and there's nothing to do.  However, she was the real estate agent and materially hid things from us prior to the purchase. These things are not something an inspector work look for.  

Any one have any thoughts on what I can do?

Due to COVID, me and my partners finished the conversion of an old commercial building into a mixed use building back in June. However, we're having a hard time renting them out due to a lot of apartments flooding the market. Could be that some people are not wanting to move due to COVID. We were thinking about using the apartments for like office space instead for the time being until this COVID blows over. Believe it or not, we've had a lot of requests and inquiries on this. How gray of an area is this that we're considering going in to?  It's in Poughkeepsie, New York if it matters. Not sure if it matters, but the whole building and all units have a fire suppression system and other things needed for a commercial building since the 1st two floors are commercial, the city made us make the entire building outfitted with a fire suppression system and wireless notification.

Originally posted by @Tchaka Owen:

Originally posted by @Michael Chalke:

Originally posted by @Tchaka Owen:

Can you study the requirements for the CT real estate license and pass the exam? If so, there's your answer.

 There's state reciprocity between CT and NY. One doesn't need to take the test again in CT.

Then even easier!

Per your question, looks like your best bet is to hang your license with a brokerage in CT.

Thank you, for your comment. I already have a NY brokers license. The point of the reciprocity is that a broker in one state would not have to take the courses and tests to be licensed in another state. What you are suggesting is not what I am attempting to figure out. It would be great to see if a NY or CT broker could chime into this post since they may know the laws better.

What does your lease say?

I received an EIDL loan during the pandemic. I also had a major flood due to the hurricane last month in one of my properties. Anyone know if I can use some of those funds for repairs? It seems a gray area. It was an economic disaster, but my insurance is not covering it due to act of God.

Originally posted by @Mark Pedroza:

@Michael Chalke

Here's your answer: https://www.dos.ny.gov/licensi...

I already read that. It's not clear. It shows that NY will give CT licenses the ability to practice but they must live and work in CT.  So, that is why I am unsure.

Originally posted by @Tchaka Owen:

Can you study the requirements for the CT real estate license and pass the exam? If so, there's your answer.

 There's state reciprocity between CT and NY. One doesn't need to take the test again in CT.

I am a newly licensed broker in NY. Can I also be licensed in CT?  I now live in Westchester and would like to operate business in NY and CT.