Residential Transactions

Reblogger
Real Estate Agent with Crystal Palms Realty

A written disclosure notice is only required for residential real estate transactions unless a transaction broker relationship is established. 

The disclosure requirements do not apply to:

  • Nonresidential transactions
  • Rental or leasing, unless there is an option to purchase property with four or fewer residential units
  • Auctions
  • Appraisals
  • Business opportunities unless improved with four or fewer residential units.

 

Residential Transactions

Chapter 475 mandates certain duties and obligations in each type of brokerage relationship that apply to all real estate transactions.  However, written disclosures are required only when dealing in residential real estate transactions.

− A written disclosure notice is only required for residential real estate transactions unless a transaction broker relationship is established.

A residential sale is defined as: 
− The sale of improved residential property of four or fewer units;
− The sale of unimproved residential property intended for use as four or fewer units;
− The sale of agricultural property of ten or fewer acres

The disclosure requirements do not apply to:

  • Nonresidential transactions
  • Rental or leasing, unless there is an option to purchase property with four or fewer residential units
  • Auctions
  • Appraisals
  • Business opportunities unless improved with four or fewer residential units.

"Let Your Career Start Here"

Rowlett Real Estate School


For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com .  Or give Captain Wayne a call at 850-547-1333

Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola.  We offer a full line up of courses online and in classroom for all your Sales Associate and Broker real estate license requirements.
                                   facebook icon 

Rowlett Real Estate School  Student Resours

 

 

Posted by

 crystal palms realty

Your #1 choice for all your Real Estate needs in the Florida Panhandle between Tallahassee and Ft. Walton Beach.  We are professional Realtors®.  Whatever your interest may be: country living, farm and lands, homes or lots, town homes, condos, commercial property or that perfect retirement location, let my team work for you. Just take a minute and call, e-mail or just stop by.  Whether you are buying or selling a home or just need a buyer's agent, we will earn your business.  I invite you to contact me or one of our agents at any of our three locations, as we would be happy to assist you with this important transaction.

crystal palms realty

Comments (1)

Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Feb 23, 2014 07:49 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?