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Real Estate Licenses Could Be At Risk After Complaints

Business Disputes In Orlando

Many professionals need licenses before they can work in their chosen field. As a real estate agent, you had to obtain a license before you could start helping individuals buy or sell property. You may love your job, but you also know that, without your license, you would not be able to continue in this industry.

Because you want to continue in your chosen profession, you do not want to put your license at risk. Unfortunately, someone who believes that you did not act professionally could file a complaint and leave you facing administrative proceedings in front of the Florida Department of Business and Professional Regulation.

Why would someone complain?

Often, complaints against real estate agents result when a client loses trust in his or her agent. The client may feel that you did not act appropriately or did not handle a transaction well, and as a result, you have landed in a difficult predicament. If any of the following examples apply to your ordeal, you may understandably worry about your real estate license:

  • Misappropriating funds: Real estate agents handle clients’ money in various ways, such as keeping earnest money until closing, and if a client suspects that an agent took the funds for personal use or otherwise misused it, a serious complaint could result.
  • Not telling the truth: Some real estate agents may bend the truth or try to gloss over information in certain circumstances in efforts to make a deal, but lying about any information could result in serious claims against you and the potential for an administrative hearing.
  • Getting arrested: If authorities take you into custody, even for a crime unrelated to your real estate business, and you face a conviction, the state could suspend or revoke your real estate license.

If someone files a complaint regarding your actions, it could catch you completely by surprise. After all, you do your best to maintain integrity in your business practices and do not want to put your license in jeopardy. Unfortunately, panic may set in if you end up facing an administrative hearing. As a result, you may want to contact an attorney who can help you understand your available options for handling this type of ordeal. When your livelihood is on the line, you do not want to take any chances.

By : admin | May 29, 2020 | Real Estate Litigation

Do You Really Need An Attorney For A Real Estate Purchase?

Fort Lauderdale Real Estate Litigation Attorney

Buying a home is an exciting process, but it is also a process that can come with certain challenges and risks. This is why many Florida homebuyers find it beneficial to work with an experienced legal ally from the very beginning. This is a significant legal and financial step, and it’s worthwhile to be careful and cautious as you move forward.

If you want to buy a home, you know you will have to sign a purchase contract. By doing this, you are agreeing to the terms in the contract. Before you sign, it’s crucial to ensure you are not inadvertently exposing yourself to financial loss or legal complications down the road. From contract drafting and review to advocating for your interests in an unexpected situation, you will find it helpful to have a legal ally on your side at every step.

What’s going to happen? 

If this is your first home purchase, you may not know what to expect from the process. After the buyer and the seller agree to the asking price, you will then sign a contract. The following things will then happen before you can move into your new home:

  • You will need to finalize your financing.
  • There will be a title search, as is a requirement for most lenders.
  • Official ownership will transfer to you at the closing.

This may seem like a relatively straightforward process, but with all financial and legal transactions, there is the potential for complications. The inspection could reveal serious issues with the home, or you may discover a clear reason why you need to back out of the contract.

The terms of your contract

The terms of your purchase contract matter. It is in your interests to avoid unclear or unreasonable terms. The standard forms often used by realtors may not be enough to fully protect you, and a review of a contract could prove that you need to negotiate new terms or draft a contract suited to your individual needs.

If you are about to buy a home, make sure you are not also buying into potential problems down the road. There are many reasons why it can be beneficial for you to work with an experienced attorney, and you can discover these during an assessment of your case. Before you move forward, make sure you are doing everything possible to protect your interests.

By : admin | April 29, 2020 | Real Estate Litigation