RECENT BLOG POSTS
A seller (or a buyer) may want to be represented by a real estate broker. In this case, the real estate broker is a single agent who represents the seller as a fiduciary in selling the home or the buyer in finding a home. The Florida real estate license law defines a single agent as a broker who ...
08/31/2015
If a licensee fails to renew an active or voluntary inactive license before the expiration date (other than the first renewal), the license reverts automatically to involuntary inactive status. The licensee must complete continuing education and renew the license to either active or voluntary ina...
08/31/2015
Voluntary InactiveA licensee who has qualified for a real estate license but who voluntarily chooses not to engage in the real estate business during a given period and requests such a change is placed on voluntary inactive status. A licensee may change an active license to a voluntary inactive l...
08/31/2015
License FeesNew applicants for licensure are assessed an initial application fee in addition to the biennial license fee. Applicants for initial licensure and for subsequent license renewal also pay an un-licensed activity fee and may be required to pay a Real Estate Recovery Fund fee, if applica...
08/31/2015
The following are three general categories of residential construction:·        Speculative (spec) homes. Building "on speculation" involves purchasing one or more lots and constructing a home (or homes) without a buyer in advance of construction.·        Custom homes. A custom builder constructs...
08/31/2015
Developers of residential subdivisions typically record in the public records restrictive covenants that affect the entire subdivision. Restrictive covenants affect how the land can be used and establish criteria such as minimum square footage, type of construction, architectural design, and so f...
08/31/2015
A broker's price opinion (BPO) is a written opinion of the value of real property. Florida real estate licensees are allowed to prepare and charge for BPOs provided the BPO is not referred to as an appraisal. Price opinions are often requested by relocation companies and lenders involved in short...
08/31/2015
Sellers often ask real estate brokers and sales associates what a buyer is likely to pay for their properties. Real estate licensees may help potential sellers determine an asking price by preparing a comparative market analysis (CMA). Also, sales associates and brokers prepare CMAs for buyers to...
08/31/2015
Property management is a professional service conducted by a person or company hired to maintain and manage property on behalf of property owners. The scope of the work the property manager performs is spelled out in the management agreement. Property management typically involves leasing, managi...
08/31/2015
Real estate sales associates involved in sales and leasing often specialize in any of the following five major sales specialties: 1. ResidentialChapter 475, F.S., defines residential real estate as 4 or fewer residential units, vacant land zoned for 4 or fewer residential units, or agricultural p...
08/31/2015
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