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#251502 - 09/24/08 04:38 AM Selling in another state?
shirah Junior Member Registered: 01/20/08 Posts: 9 Loc: LA	Hello. I'm still a newbie agent in LA and have a question about proper protocol... My siblings and I inherited a small piece of land in FL that, because of restrictions, can only be sold commercially. There has already been an offer for the land by the business owner of the property next to it. In LA I have to disclose owner/agent status, but since I'm not a FL agent, do I need to disclose this? I've perused the FL statutes and couldn't find anything referencing a situation such as this. Any ideas? I don't want to inadvertently violate a rule that could later cause a problem for me. I appreciate any suggestions. _________________________ ~ Shirah ~
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#251506 - 09/24/08 06:34 AM Re: Selling in another state? [Re: shirah]
Vermont Veteran Member Registered: 04/12/08 Posts: 1060 Loc: Glover, Vermont	Even IF you are not required to disclose the LA License, it's not going to hurt you to do so. You are not purporting to be any more of an Expert on Florida Real Estate than the Buyer is; but you may be a more astute bargainer. Before accepting this Neighbor's Offer, I think you and your Siblings would be well advised to become acquainted with the local values and the extent to which the "Restrictions" you speak of are a Detriment to some; but may actually be an Benefit to others. I would pay a Local Realtor or an Appraiser to prepare an independent valuation BEFORE entering into negotiations with the Neighbor. _________________________ Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#251693 - 09/25/08 12:24 AM Re: Selling in another state? [Re: Vermont]
super realtor Major Contributor Registered: 05/01/05 Posts: 5503 Loc: georgia	Commercially is a GOOD thing because generally you get much higher value than residential. As a commercial broker I would tell you you need to define that lands HIGHEST and BEST use to get the most money when you sell.The business next door has an interest but you might get more selling to someone else. Respa laws do not apply to commercial transactions. What size is this small piece?? What size and shape of the lot among many other things will determine it's potential.Post and I can give you some ideas.
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#251893 - 09/26/08 06:05 AM Re: Selling in another state? [Re: super realtor]
Mike Taylor Member Registered: 10/01/07 Posts: 245 Loc: Indianapolis, Indiana	I agree with Vermont, even if you don't have to disclose it wouldn't you rather just be safe? _________________________ Indianapolis Homes\|Fishers Real Estate\|Indianapolis Real Estate \|Carmel Homes
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#252681 - 10/01/08 12:06 AM Re: Selling in another state? [Re: shirah]
estatereal Major Contributor Registered: 01/27/07 Posts: 1841 Loc: USA	Originally Posted By: shirah Hello. I'm still a newbie agent in LA and have a question about proper protocol... My siblings and I inherited a small piece of land in FL that, because of restrictions, can only be sold commercially. There has already been an offer for the land by the business owner of the property next to it. In LA I have to disclose owner/agent status, but since I'm not a FL agent, do I need to disclose this? I've perused the FL statutes and couldn't find anything referencing a situation such as this. Any ideas? I don't want to inadvertently violate a rule that could later cause a problem for me. I appreciate any suggestions. what does you agent say?
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#254731 - 10/12/08 10:45 PM Re: Selling in another state? [Re: estatereal]
Viktor Member Registered: 09/23/07 Posts: 429 Loc: Plano, TX	I think you have to, I think it depends on the state law. Ask you agent. _________________________ Viktor Taushanov Coldwell Banker Residential Brokerage Plano, TX http://planorealestateadvisor.com http://planorealty.blogspot.com Viktor.RealtyBG@live.com I love referrals!
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#255439 - 10/17/08 11:04 AM Re: Selling in another state? [Re: Viktor]
pikes peak Major Contributor Registered: 12/15/04 Posts: 2289 Loc: CO	If you are a REALTOR, read Article 4 of the REALTOR COE. http://www.realtor.org/MemPolWeb.nsf/pages/COde
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#256009 - 10/21/08 08:01 PM Re: Selling in another state? [Re: pikes peak]
rich1mck Member Registered: 07/13/07 Posts: 236 Loc: Port St Lucie, Florida	you should disclose. _________________________ Richard L. McKinney, P.A. Integrity Realty of the Treasure Coast http://www.StLucieRealEstate.com Ignorance is Bliss...Stop being Blissful.
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