Contract Guidance
Seller Financing (a.k.a. Owner Financing) - FLORIDA
Seller financing (a.k.a. owner financing) can be a strong tool for your buyer, but in Florida, it needs to be structured carefully and documented correctly. Below is a practical, transaction-ready roadmap you can follow as the agent. 1. Confirm the ...
Florida Counter Offer – Purchase Contract
Florida Counter Offer – Purchase contract Only the final, accepted terms need to be signed by all parties. Here’s how it works in Florida: If a Counter-Offer Is Made A counter-offer is a rejection of the original offer and a new offer back to the ...
Understanding the Buyer Broker Agreement When the Agent Is the Buyer
Overview When a real estate agent acts as the buyer in a transaction, the Buyer Broker Agreement (BBA) remains an essential document. This agreement serves multiple purposes, ensuring that the relationship between the agent and their brokerage is ...
Understanding the Buyer Broker Agreement When the Agent Is the Buyer
Overview When a real estate agent acts as the buyer in a transaction, the Buyer Broker Agreement (BBA) remains an essential document. This agreement serves multiple purposes, ensuring that the relationship between the agent and their brokerage is ...
Understanding the Buyer Broker Agreement When the Agent Is the Buyer
Overview When a real estate agent acts as the buyer in a transaction, the Buyer Broker Agreement (BBA) remains an essential document. This agreement serves multiple purposes, ensuring that the relationship between the agent and their brokerage is ...
Understanding the Buyer Broker Agreement When the Agent Is the Buyer
Overview When a real estate agent acts as the buyer in a transaction, the Buyer Broker Agreement (BBA) remains an essential document. This agreement serves multiple purposes, ensuring that the relationship between the agent and their brokerage is ...
Contract Assignments & Double Closings
What Is a Contract Assignment? A contract assignment occurs when a buyer (typically a wholesaler) places a property under contract and then transfers their contractual rights to another buyer. Key points: The wholesaler is not selling the property ...
Buyer Cancelling a Transaction Broker Agreement
Agents may occasionally encounter buyers who wish to cancel their Buyer Broker Agreement before the agreement expires. If your agreement includes a cancellation fee, it’s important to follow the correct steps to ensure the brokerage is protected and ...
Exclusive Buyer Brokerage Agreement: Requirements for Self-Representation
As a buyer representing yourself in a transaction, you might wonder if completing the Exclusive Buyer Brokerage Engagement Agreement is necessary. While it may seem unnecessary, it is important and required to complete this agreement.
Choose the Right Contract for Buying or Selling Vacant Land: Unimproved vs. Farm & Ranch in Texas
If you're representing a Seller of vacant land, you'll choose either "Listing: Residential" or "Listing: Farm and Ranch" depending on the property. Representing a Buyer: A Farm and Ranch Contract is used for buying land intended for farming or ...
Florida Realtors New Forms: Buyer Brokerage Agreements
Hi there, Here is a comprehensive list of the updated Buyer Brokerage Agreement forms and when to use them. Click the link next to each document to preview it and see the redline version. Revised buyer broker forms Released July 9, 2024 The Exclusive ...
Commission Agreement for Florida Agents
I'd like to share a little more info about the FL - Commission Agreement (FRCA-7). This form is designed to be between a brokerage firm and either a seller or landlord (owner). The key terms are the name of a prospect, a commission amount, and a ...
Escalation Clause Overview & Information for Florida Agents
How do I add it to my loop? Can a buyer back out of their contract and get their deposit back if they used an escalation clause and the property does not appraise? What are the basics/pros and cons of an escalation clause so that I can explain to my ...
55+ - Housing for Older Persons Addendum (FAR/BAR)
55+ Info from FL Commission on Human Relations - for a community to be considered "housing for older persons" as a 55+ community, the housing must be intended and operated for occupancy by persons 55 years of age or older and meet the following ...
Commission Rebates, Credits, and Waivers
In certain situations, you may choose to give a portion of your commission back to a client, waive your commission, or provide a credit at closing. To stay compliant, these actions must be disclosed to all parties and documented properly. Legal & ...
FSBO: Paperwork, Commission and Relationship Information for Florida Agents
Paperwork for a FSBO will start with the Buy Side Residential loop. You will need: Something to show who is paying commission (commission agreement if seller, exclusive buyer broker agreement if buyer) Make up an MLS# for Dotloop. (IE ...
Deeds: Leasehold Estate Deed in Florida
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. The leaseholder has the right to remain in occupation for a ...
Contract and Signatures: Buyer(s) or seller(s) is aTRUST?
Verification is important, but here is some great general info regarding Trust signatures: Verify and insert the complete name if the Trust Verify the name of the name of the Trustee Verify the proper signature with the Title Company. It should look ...
Listing Agreement: Broker Signature Requirements
Dalton Wade requires broker initials on the Dispute Resolution clause on Pg. 3 - Line 154 – after the agent and seller have signed and initialed the listing agreement. When should Phil sign? ASAP. As soon as the agent and seller have signed. The ...
COVID: Coronavirus (COVID-19) Extension Addendum to Contract (COVID-1)
FAQ from Florida REALTORS: https://www.floridarealtors.org/news-media/news-articles/2020/03/frequently-asked-questions-about-covid-19-addendum This form is available for use in the event the parties would like to extend certain dates or time periods ...
Extending Dates: Extension Addendum to Contract
This form may be used with various contract forms to extend time periods, such as closing date, financing period, inspection period, title cure period, short sale approval deadline, feasibility study period, and due diligence period. If you are ...
Notice of Multiple Offers to Buyers in Florida
Dalton Wade strongly recommends sharing this form with the buyer in a Multiple offer situation. Multiple Offers are very common in a sellers’ market and the information provided is relevant. This form may be used in the event the seller(s) in a ...
Modifying/Changing a Contract: Blank Addendum to Contract
I'd like share a little more info about the Blank Addendum to Contract. It is the form that is used to add language to a contract. Buyers and sellers can agree to any language they choose, but we are real estate agents, not attorneys, so please use ...
Change or Modify a Listing Agreement in Florida
From time to time a listing agreement changes. Examples include a price change, and extension or a cancellation. Your listing agreement is a contract. When you want to change any of the terms of that contract/ listing, you need to do is use the ...
What to Do When a Buyer or Seller is a Corporation or LLC
When working with a buyer or seller that is a corporation, LLC, or other entity, it’s important to ensure the contract is completed correctly and that the person signing has proper authority. 1. Use the Full Legal Entity Name Always enter the ...
Release and Cancellation of Contract: What Does the Law Say? | Florida Realtors
I'd like share a little more info about the Release: Release and Cancellation of Contract: What Does the Law Say? | Florida Realtors If there was no escrow deposited then, you should be able to save a copy of your written notice to cancel, probably ...
Zillow Purchase Contract
Important Disclaimer: Dalton Wade Agent Support is not a law firm, and our team members are not attorneys. The information below is provided for general guidance only and should not be considered legal advice. For any legal questions regarding the ...
Owners Waiver of MLS Entry in Florida
The owners waiver of MLS entry can be found in dotloop or it can be downloaded from your stellar MLS. Either way, it will need to be filled out, signed by you the owner and Phil and uploaded to the MLS. Here's how to locate it in dotloop. How to ...
FHA/VA Addendum
Where in dotloop can I find the FHA VA addendum in Dotloop? Go to your Initial Docs folder Click add document (to the right of the folder name) Click templates Scroll the down the list of folders on the left to FHA/VA Click FHA/VA Form is ...
FAR/BAR AS-IS and FAR/BAR Standard (repair) Contract
The As Is Contract and Regular Florida Realtors/Florida Bar Contract forms are essentially the same, and they use the same riders and addenda on PG 11, with the following exceptions: Heading. Of course, the inclusion of “As Is” in the heading ...
Appraisal Contingency in Florida
Appraisal Contingency Overview/Information: Spotlight: “Buyer Waives the Appraisal Contingency” This means almost NOTHING. Why does it mean nothing ? There is NEVER an appraisal contingency on conventional unless it is added. You may want the buyer ...
Contract Time Periods: How to Count Deadlines
Great question—and you’re thinking about this exactly the right way. Yes, you should absolutely keep this article, but it needs to be generalized and positioned as a concept guide, not tied to the Florida FAR/BAR contract. Every state handles ...