ARCHIVED BLOG POSTS

2014 

  An important service created by NAR is the multiple listing service (MLS). The MLS is a database that allows real estate brokers representing sellers under a listing contract to share information about properties with real estate brokers who may represent potential buyers. The MLS compiles the ...
10/01/2014
  Residential Construction   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 bui...
10/01/2014
  Restrictive Covenants and Deed Restrictions   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...
10/01/2014
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  Dedication is the gift of land by an owner, in this case a developer, to a government body for a public use. A valid dedication of land from the owner to the municipality requires both an offer to dedicate (donate) the land and an acceptance by the municipality. To accomplish this, the develope...
10/01/2014
Before work can begin, most local governments require that developers submit a subdivision plat map of a new development for review by the applicable government planning board (commission). A subdivision plat map is an engineer's plan for land use superimposed on a map of the land to be developed...
10/01/2014
  Real Estate Development and Construction   Development and construction involve dividing larger parcels of land into lots, constructing roads and other off-site improvements, and then constructing buildings on the developed lots. There are three general phases of development and construction:  ...
10/01/2014
  Counseling   Real estate counselors provide advice to individuals and firms regarding the purchase and use of real estate investments. A counselor is typically paid a flat fee. Because few people have the education, experience in real estate, knowledge of investing, and tested judgment required...
10/01/2014
  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 sho...
10/01/2014
  General Powers and Duties   The powers and duties of the FREC fall into the following three general areas of responsibility:   1.     Executive powers to regulate and enforce the license law are delegated to the Commission by the legislature.   2.     Quasi-legislative responsibilities include ...
10/01/2014
Commission members do not receive a salary. However, in lieu of salary, they are paid $50 per day for each day they attend an official meeting and for each day they participate in other Commission business. In addition, they receive reimbursement for expenses connected with their official activit...
10/01/2014
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