Safeguard Your Real Estate License
Here are hot tips for real estate agents from a Florida transaction coordinator:
As the listing agent, always have the seller sign and verify all information submitted to the Multiple Listing Service. Protect yourself by having the sellers sign the MLS report before you put the property on ‘Active’ on the MLS.
Never sign for your client per a telephone call. Buyers or sellers should always sign all legally binding documents. An agent’s signature for his or her buyer or seller followed by the words “per telephone call” is not sufficient and will not stand up in court. Get a signature! We are in an age with fax machines and electronic signature programs are at the tip of our hands. All aspects of a real estate transaction are critical and everything needs to be signed by the buyer or seller.
Have the Buyers get a professional inspection. It is advised that the buyers have a professional home inspection completed by a certified home inspector. Inspectors from these agencies are held to a higher standard of care. DO NOT let the buyer skip a home inspection. Defects or conditions of the property that arise later, may come back to haunt the seller because it was not addressed before the transfer of the property.
Don’t give out the keys before the closing. On closing day, the buyer’s agent always wants the keys before the closing has been confirmed. Big no-no, since you never know when the closing might get pulled. Avoid liability for yourself, your brokerage, and the sellers and buyers by waiting until the closing is confirmed before passing on the keys!
Utilize these great tips for safeguarding your license and your clients when you work on your next real estate transaction. And, if you know anyone that needs a transaction coordinator for any transaction closing in the state of Florida, please do not hesitate to contact us via: