What does legally sufficient mean in real estate?
What does legally sufficient mean in real estate?
Definition: A complaint that contains facts that indicate a violation has occurred of a Florida statute or a FREC or DBPR rule. Pronunciation: \ˈlē-gəl-ē\\sə-ˈfi-shənt\
What are the laws on real estate in Florida?
Florida has specific laws when it comes to landlords and tenants, real estate and property. For instance, a landlord in Florida has between 15 to 60 days to return a tenant’s security deposit, depending on whether the tenant disputes the deductions. The Sunshine State also has a checkered history of real estate scams and bogus property sales.
What are seller’s disclosure requirements for real estate in Florida?
In Florida, there is not any one rule of law that outlines all of a seller’s disclosure requirements. Rather there are many laws that can have severe consequences on a seller of residential real property for failure to disclose latent or material defects that the seller was aware of prior to the closing.
How can I get my share of Florida real estate law?
How can he go about to get his share Hire a competent FL attorney to file an Action for a Sale for Partition. If there is a large debt against the property, then you may have to wait for years until the equity is built up or all parties want to sell. Q: Am I required to give 50% of my homes value to my husband’s son?
Can a real estate licensee be disciplined in Florida?
A licensee may be disciplined by the Florida Real Estate Commission (FREC) for failing to include a definite expiration date in a listing agreement. An agent and seller should choose a mutually agreeable termination date, which they can always modify or extend by mutual assent. (Section 475.25 (1) (r), Florida Statutes)
Florida has specific laws when it comes to landlords and tenants, real estate and property. For instance, a landlord in Florida has between 15 to 60 days to return a tenant’s security deposit, depending on whether the tenant disputes the deductions. The Sunshine State also has a checkered history of real estate scams and bogus property sales.
Can a realtor give you legal advice when buying a house in Florida?
Although a real estate agent can fill out forms that are approved by the Florida Association of Realtors and/or the Florida Bar, an agent is not licensed to draft legal documents, nor to give legal advice. (The exception would be if the agent is also an attorney.)
Who is the owner of property in Florida?
Florida law is very protective of property ownership rights in our State. Under the law, there is never a moment when any piece of property is not owned by someone or something. Maybe it’s a person, or an estate, or a trust or some other legal entity (Corporation, LLC, etc.). The kind of owner may vary.
Do you need a real estate license in Florida?
Key components of property management (renting and leasing) are considered a real estate activity under existing Florida real estate licensing laws. A property manager needs broker license if he or she is paid by commission, and is handling rentals and leases for others.