ARE YOUR LOOKING TO PURCHASE
of Real Estate Brokers - Buyers Beware
◊ Compliance with State and Federal Regulations
◊ The Questions You Should Always Ask!
THE BENEFIT OF WORKING WITH REAL ESTATE BROKER
HONESTY: Real estate professionals are often looked upon with
suspicion. Sadly, this reputation is often deserved. Truth
telling and direct honesty are not associated with our profession
as many brokers in an effort to make sales, deliberately "mislead" the public.
is having an exclusive VIP sales event August 25th. Buy before the
general public. This is a gorgeous 54-story waterfront tower with
magnificent bay views in Downtown Miami. Get ready for another quick
Here are the facts: 50 Biscayne OPENED TO THE PUBLIC before it opened to BROKERS. This is precisely why Mazor Realty, LLC did not advertise this building, although we were invited by the developer to do so. As we were not able to secure FIRST PHASE pricing for our clients, how can we present it as such? Mazor Realty advised clients interested in this complex to go directly to developer's representative, before August 25th!
Example 2: Copied September 9th, 2004
FREE PRIVATE TOUR OF NEW COMMUNITIES AND RESALE HOMES
You'll be driven to all new home communities and resale homes in Dade, Broward, Palm Beach, and St. Lucie Counties in south Florida by a new home specialist who utilizes real estate internet sites, [NAME OF REAL ESTATE AGENCY] exclusive databases, MLS, builder network and pre-owned homes to make sure that 100% of the housing market is covered.
100% of the market is not covered by brokers at all.
1. Real Estate companies are in business to make money. Real estate agents only assist buyers when they can earn a commission. Since some builders and developers do not cooperate with real estate brokers, and there is no commission to be earned, it is MISLEADING to claim that 100% of the market is covered!
2. Think about it. In pre-owned homes, For-Sale-By-Owner homes are NOT promoted by real estate agencies, are they? In pre- and new construction, brokers only promote properties built by developers who cooperate with brokers. In other words, to claim coverage of 100% of the market is FRAUDULENT!
COMPLIANCE WITH REGULATIONS: Florida has a murky past in its real estate dealings. Stories from the 1980s abound about swamp land sales and multiple buyers for single properties. The State of Florida government is working hard to make sure these problems are corrected and has instituted laws to protect buyers.
- Know your rights. Seek "Buyer's Agent" representation.
Did your real estate agent provide you with Agency Relationship Form, advising you of their obligations to you before introducing you to properties?
- Beware of real estate agents who "Collect Checks" for "upcoming opportunities." It is ILLEGAL!
Neither developers nor real estate agents are permitted to collect
checks other than at reservation or contract time. FREC (The
Florida Real Estate Commission) requires
real estate AGENTS to deliver checks to their broker within one
business day, and REAL ESTATE agencies to DEPOSIT IN BANK or DELIVER TO
DEVELOPER ALL CHECKS RECEIVED FROM BUYERS within three business days, unless
checks are post-dated.
SERVICE: Both knowledge of market, and honest dealings should be basic requirements of your real estate professionals. Once narrowed down to real estate professionals who subscribe to the above, how do you choose the ones to work with? Easy. Go with your gut. If it feels good, do it.
QUESTIONS YOU SHOULD ASK WHEN BUYING
PLEASE CALL YOUR MAZOR REALTY REPRESENTATIVE
IF YOU ARE NOT YET WORKING WITH A MAZOR AGENT
Mazor Realty, LLC
Boca Raton, FL 33432