I’m Paying a Referral Fee – But to Whom?
Based on Florida Realtors Legal Hotline calls, many members understand referral fee restrictions but the details confuse them, especially when they face a specific situation.
Based on Florida Realtors Legal Hotline calls, many members understand referral fee restrictions but the details confuse them, especially when they face a specific situation.
Dear Shannon: A broker discovered that one of their agents was bad-mouthing another local broker and appraiser online, with comments that fell under “unprofessional” and “judgmental.” Is this a big deal under the Code of Ethics?
A promissory note commits a new homeowner to make payments on their house. A mortgage gives a lender the right to take that home if they don’t do so. A recent Fla. court opinion highlighted those differences.
Every real estate contract includes deadlines, and sometimes one deadline – such as one for buyers and sellers to deliver an executed copy – will change. This confuses more than a few members. Hopefully this bullet-point timeline will help.
When does a seller’s obligation to disclose hidden defects kick in? That might be the wrong question. Here’s why that approach seems to miss the mark – and why many people correctly embrace the mantra disclose, disclose, disclose.