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#454384 - 09/10/16 03:21 PM Rental Process - PLEASE HELP!!
omarads25 Offline
Junior Member

Registered: 09/10/16
Posts: 3
Loc: FL
hello everybody, i am a new real estate agent , i just started in a company but my broker is out of state and if something appears on that time i want to be ready for it , at least on rental. i just want to clarify few doubts i have about rental process.

1-if I am working with a client looking for rent ,they are properties on an MLs that the listing agent said : summit rental application with the offer. i found the rental application on the attachments , but for the offer there is a form for that? , i know that they have sometimes a link to ebrokerhouse.com, but this one doesnt have it. so , will the listing agent provide me that form or what ?

2- when is a condo (association ) they usually ask for an application also. at what time of the rental process that application appears? and who does it me , my client or the listing agent?

3-todays day in order to rent, clients have to have at least 3 months on there pockets ( , deposit, first month , and last month) usually commission will be 1/2 month each agent. At what time of the process that first month is hold on escrow acc ? and who hold it? and when the client have to pay the other two months?

thank you everybody ,, hope you guys helps me


Edited by omarads25 (09/10/16 04:32 PM)

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#454387 - 09/11/16 01:52 AM Re: Rental Process - PLEASE HELP!! [Re: omarads25]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7719
Loc: Vermont's North-East Kingdom
I don't know anything about the rental process in Florida; but I read your questions and realized that you're referring to every prospective Tenant as a "Client".

It's up to you and your Florida Broker of course; but I'd suggest that you refrain from calling anyone a "Client" unless and until you have a written contract to represent them. When they first walk in the door, they're mere Customers or prospective tenants; legally, they're not Clients.

The Landlords who've engaged a Listing Agent to represent them are actual Clients, and can expect a level of fiduciary responsibility from their Agents. Customers should not expect any such allegiance from the Agents they meet UNLESS a Contract is created to bind them to a Broker and his Agents.

Just using the word can have the effect of helping to create an "Implied Agency" in the mind of a Customer that s/he then comes to rely on (consciously or sub-consciously), when no such obligation was ever intended to exist . . . . but legally, the Courts may see it otherwise; and that would not be a good thing.

Just a suggestion to avoid trouble in the future.
_________________________
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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#454388 - 09/11/16 05:37 AM Re: Rental Process - PLEASE HELP!! [Re: Vermont]
omarads25 Offline
Junior Member

Registered: 09/10/16
Posts: 3
Loc: FL
ookkk Vermont , let me see. i really understand your point and why you are telling me this , i really appreciate the advice , BUT ,,, if you notice i was speaking HYPOTHECALLY, an using the word "client" as a person who engages the professional advice or services of another.
Also let me tell you something, this person i am working with have been doing business with me for 5 years on a different kind, and i sees him as a client it doesnt matter which part of the process I am, or what kind of business.
really appreciate your advice , but pls i also advice you that instead of been rectifying every spell on the forum , you will be more helpfull if we concentrate on the questions, and people needs .

Thank you for you help=0.

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#454390 - 09/11/16 06:55 AM Re: Rental Process - PLEASE HELP!! [Re: omarads25]
fdegree Offline
Member

Registered: 08/01/14
Posts: 63
Loc: Mid-Atlantic
I'm sure I don't have to do this...@Vermont is more than capable of defending himself. But, I feel I should support him here.

@omarads25, as anew agent, @Vermont was simply trying to help you understand how improper use of certain terms could possibly land you in serious trouble. While he didn't address your exact question, he was trying to help you. There is no way he could have known the past relationship you had with your customer/client. He acknowledged that he was not familiar with the rental process in Florida, but saw an opportunity to provide you with some valuable knowledge. So, in my opinion, your criticism of his attempt at educating you, is uncalled for...he was simply trying to assist you, as a new and inexperienced real estate agent.

For the record, I believe that @Vermont is spot-on 99% of the time, and as a new agent, it would be in your best interest to listen to what he has to say. It may help you...if not today, someday.

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#454394 - 09/11/16 11:19 AM Re: Rental Process - PLEASE HELP!! [Re: omarads25]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7719
Loc: Vermont's North-East Kingdom
Like I said this morning, it's "just a suggestion to avoid trouble in the future"; but you're certainly more than welcome to ignore it !
_________________________
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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#455900 - 12/15/16 02:11 AM Re: Rental Process - PLEASE HELP!! [Re: omarads25]
Marion James Offline
Junior Member

Registered: 11/30/16
Posts: 3
Loc: FL
If you are willing to buy a condominium or any property, you must consider having the services of any expert real estate agent. The services of this organization are quite notable regarding this aspect. I took their services for buying a luxury condominium and really became highly satisfied. Most of all, they charged reasonable prices for delivering their services.

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#456753 - 02/23/17 03:58 AM Re: Rental Process - PLEASE HELP!! [Re: omarads25]
CentralFLbeepo Offline
Member

Registered: 01/27/11
Posts: 170
Loc: Florida
I do property management in Florida. Here's what I do:

Prospective tenants fill out an application form once they have decided to rent a unit. There is no offer whatsoever. Once they have completed the application, I verify their employment and pay, call previous landlords, check court records for previous evictions or convictions, sex offender list. Once they are clear, I submit their application to the landlord along with my findings. Upon approval from the landlord, the tenants sign a lease.

In your case, the listing is from another office. Why not call them and say "Hey, I have a prospective tenant here and they have a copy of your application. Is there anything else they need for approval?"

I don't think there is a specific and designated point in time during a rental transaction to fill out an application for HOA. Again, if it's not your listing, call the listing agent.

Might be that every office is different but in my book, first month rent plus security deposit/pet deposit/other deposit are due on or before they day they move in. Deposits are held in escrow by our office. We hardly ever have landlords that ask for first/security AND last but I would suggest you call your broker on that.

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