#251502 - 09/24/08 04:38 AM
Selling in another state?
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Junior Member
Registered: 01/20/08
Posts: 9
Loc: LA
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Hello. I'm still a newbie agent in LA and have a question about proper protocol...
My siblings and I inherited a small piece of land in FL that, because of restrictions, can only be sold commercially. There has already been an offer for the land by the business owner of the property next to it. In LA I have to disclose owner/agent status, but since I'm not a FL agent, do I need to disclose this? I've perused the FL statutes and couldn't find anything referencing a situation such as this. Any ideas? I don't want to inadvertently violate a rule that could later cause a problem for me.
I appreciate any suggestions.
_________________________
~ Shirah ~
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#251506 - 09/24/08 06:34 AM
Re: Selling in another state?
[Re: shirah]
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Veteran Member
Registered: 04/12/08
Posts: 897
Loc: Glover, Vermont
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Even IF you are not required to disclose the LA License, it's not going to hurt you to do so. You are not purporting to be any more of an Expert on Florida Real Estate than the Buyer is; but you may be a more astute bargainer.
Before accepting this Neighbor's Offer, I think you and your Siblings would be well advised to become acquainted with the local values and the extent to which the "Restrictions" you speak of are a Detriment to some; but may actually be an Benefit to others.
I would pay a Local Realtor or an Appraiser to prepare an independent valuation BEFORE entering into negotiations with the Neighbor.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"
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#251893 - 09/26/08 06:05 AM
Re: Selling in another state?
[Re: super realtor]
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Member
Registered: 10/01/07
Posts: 227
Loc: Indianapolis, Indiana
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I agree with Vermont, even if you don't have to disclose it wouldn't you rather just be safe?
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#252681 - 10/01/08 12:06 AM
Re: Selling in another state?
[Re: shirah]
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Major Contributor
Registered: 01/27/07
Posts: 1725
Loc: USA
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Hello. I'm still a newbie agent in LA and have a question about proper protocol...
My siblings and I inherited a small piece of land in FL that, because of restrictions, can only be sold commercially. There has already been an offer for the land by the business owner of the property next to it. In LA I have to disclose owner/agent status, but since I'm not a FL agent, do I need to disclose this? I've perused the FL statutes and couldn't find anything referencing a situation such as this. Any ideas? I don't want to inadvertently violate a rule that could later cause a problem for me.
I appreciate any suggestions. what does you agent say?
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#254731 - 10/12/08 10:45 PM
Re: Selling in another state?
[Re: estatereal]
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Member
Registered: 09/23/07
Posts: 390
Loc: Plano, TX
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I think you have to, I think it depends on the state law. Ask you agent.
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#256009 - 10/21/08 08:01 PM
Re: Selling in another state?
[Re: pikes peak]
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Member
Registered: 07/13/07
Posts: 235
Loc: Port St Lucie, Florida
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you should disclose.
_________________________
Richard L. McKinney, P.A.Integrity Realty of the Treasure Coast http://www.StLucieRealEstate.comIgnorance is Bliss...Stop being Blissful.
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