ARCHIVED BLOG POSTS

2011 

General Powers and Duties  Professional Regulation (DBPR) Secretary of DepartmentDivision of Real Estate (DRE)Division DirectorEmployees of DBPRProvide services needed to administer lawExecutive ExecutivePower to regulate and enforce license lawQuasi-legislativePower to enact rules and regulation...
03/27/2011
•Five members are professional (licensed) members -Four must have held active licenses for five years -One must be a licensed broker or sales associate who has been active two years •Two consumer members never been licensed •Appointed to four-year terms by Governor -Confirmed by Senate -No more t...
03/27/2011
•Transaction Fees -Many real estate firms employ personnel to facilitate transaction closings and charge additional fees, called transaction fees, closing fees, or something similar. Such fees may range from $25 to $500, in addition to real estate commissions paid by customers. •Charging a transa...
03/20/2011
1 Comments
•The law does not require that licensees disclose the addresses of convicted sex offenders. While the licensee could possibly be sued for failure to reveal such information, providing outdated or wrong information could also result in substantial liability. -The FDLE cautions that positive identi...
03/20/2011
• -Residential licensees have long debated the need to make disclosures when a murder. suicide, or death occurs in a house. The property is said to be stigmatized or psychologically impacted.  »Changes to Chapter 689 (Conveyances of Land and Declarations of Trust) now settle the matter:  disclosu...
03/20/2011
0 Comments
•To protect the parties to a contract and to reduce their liability, licensees should use a Seller's Real Property Disclosure Statement, -This disclosure is a detailed fact sheet about a property, prepared and signed by the seller and given to a buyer before the contract is signed. The seller des...
03/20/2011
•Licensees often buy and sell property for their own accounts. Licensees who buy their own listing have substantial exposure to charges of misrepresentation. The licensee has probably helped the seller establish a listing price. The licensee has, therefore, acquired confidential information  abou...
03/20/2011
•The Brokerage Relationship Disclosure Act is important to licensees in two princi­pal areas:-It describes the type of brokerage relationship  a licensee may have with a cus­tomer.-It requires disclosure of  the brokerage relationship a licensee has with a cus­tomer. This section of the law appli...
03/20/2011
2 Comments
Bill owned a small house in Pompano Beach Florida, that he orally agreed to sell to Jane. She gave Bill a $2,000 good-faith deposit, and Bill allowed her to move in before the closing. Several weeks later, they argued about an unrelated matter, so Bill refused to go through with the sale of the p...
03/20/2011
•The statute of frauds requires that certain types of contracts, to be enforceable, be in writing and be signed by all parties. Contracts required to be in writing and signed are of two general types:-those that will not be performed within a short time and those that deal with specific subjects....
03/20/2011
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Captain Wayne - Rowlett Real Estate School

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