Does a transaction broker represent the transaction or the person?

A common phrase attorneys on Florida Realtors Legal Hotline hear is that a licensee “represents the transaction” when working with a buyer, seller or both in a transaction broker relationship. This isn’t technically correct because a transaction broker provides a limited form of representation to a person, unless they’re providing services to both sides and … Continue reading Does a transaction broker represent the transaction or the person?

How Can I Get Out of a New Construction Condo Contract?

Question: Several years ago, I signed a contract to buy a new construction condo unit. I have made all the required deposits, and we are six months from closing. I found out I have to relocate for my job. What can I do? – Don Answer: Many things can happen between signing a contract for … Continue reading How Can I Get Out of a New Construction Condo Contract?

See you in court! 10 ways agents typically get slapped with lawsuits

Real estate agents are particularly vulnerable when it comes to getting sued. With tons of details, multiple clients and valuable properties, it’s all too easy for things to slip through the cracks. Even the slightest mistake could end up costing you a lot of money, a lot of stress and worst of all, tarnish your … Continue reading See you in court! 10 ways agents typically get slapped with lawsuits