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FSR-ERA – MIAMI Realtors Webinar: As-Is Contract Disclosures That Every Realtor® Should Know
September 15 @ 10:00 am - 12:00 pm
Real estate agents are faced with countless contracts throughout the course of their career. However, while many of these legally-binding documents are practically a ‘standard’ in most real estate transactions, there are also some which are only needed under special circumstances or upon request. A recurring source of litigation in Florida revolves around the rights of buyers and sellers operating under an “As Is” contract for sale of residential property. Despite the existence of contractual language excusing a seller of a property from representations (i.e. the “As Is” language), Florida law provides a separate independent duty to disclose material facts that would substantially affect the value of a piece of property. Two main points include:
1. The Seller’s Obligations to Disclose Under Florida Law
2. “As Is” Contracts for Real Estate Do Not Destroy the Duty to Disclose
Understanding each line of every contract that real estate agents encounter can be overwhelming, even for Realtors® who have been in the trade for a while. It’s important to familiarize yourself with additional addendums or disclosures that could come up anytime during negotiation. This way, you can easily lead your customers to a smoother transaction and build your reputation as a bona fide real estate expert in your area. This class will cover disclosures relating to radon gas, permits, mold, flood zone, lead based paint, homeowner associations/condominiums associations, property tax, FIRPTA, and facts the seller knows about the property but are not readily observable, as well as several more.
- September 15
10:00 am - 12:00 pm