Stephen McWilliam's Blog

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Real Estate Agent - Florida State Realty Group, Inc - BK3089599
RECENT BLOG POSTS
Offers of compensation in the MLS are unconditional. PERIOD. The only exception that has ever been permitted is that in the instance of a short sale and in that instance advance substantive disclosure of the terms and conditions of potential changes is required. The simple "subject to lender appr...
06/19/2010
"I'm your real estate agent".  Not unless you have disclosed that you are a single agent as required pursuant to Florida Statute 475.278.  Otherwise, in Florida real estate licensee are considered a transaction broker regardless a residential or commercial transaction.   Unless you are acting as ...
06/19/2010
Many REALTORS® and even attorneys have fallen to the mistaken belief that the FAR-9 contains a contingency that permits the Buyer to unilaterally terminate the transaction in the event the Property appraises below the Purchase Price.   The reference to the Property's appraised value appears in th...
09/09/2009
Register Online Today!2008 RAGFL Mediator/Mediation TrainingWhat:2008 RAGFL Mediator/Mediation TrainingPurpose:The purpose of this intensive, two day course is to train REALTORS®, association executives, staff specialists and other competent providers to serve in the capacity as mediators.Date:W...
04/16/2008
Bonus Commissions are a real Bonus In today's real estate market many sellers and listing REALTORS® have become very generous in their attempts to bring attention to their properties.  Bonus offers of compensation are a common place practice within our MLS.  Unfortunately, many of these offers co...
03/15/2008
Our MLS recently adopted a new policy of short sale disclosures.  Many in the REALTOR community are under the incorrect assumption that the short sale disclosures permit the listing broker to reduce their offer of cooperating compensation.Short Sale MLS disclosures are just that - a disclosure pu...
02/23/2008
The REALTOR community within Florida is over 135k strong.  There is a citizen initiative to pass meaningful property tax reform. The meausure needs 611k signatures from Florida citizens to get this issue on the November 2008 ballot.  If every REALTOR obtain 5 signatures including their own we alo...
11/22/2007
We all know that SHORT SALES is one of the hottest real estate topics currently. One of the issues that is stressed in various SHORT SALE seminars has been the issue of the forgiven debt being treated as ordinary taxable income.  This is not necessarily the case.  Generally, a lender will only fo...
10/04/2007
FLORIDA REAL ESTATE ESCROW AGENTSIn the State of Florida there are three separate entities that are allowed to hold escrow in the sale and purchase of a real estate.  There are only 2 entities permitted to hold escrow in a real estate rental transaction.  Many customers commonly question which en...
05/08/2007
It's finally here - the newest FAR Residential Sale and Purchase Contract a/k/a FAR-9.One major change is in paragraph 3 - FINANCING. Previously, in the FAR-8 the buyer needed to provide a commitment letter to the seller within the "commitment period".  Should the buyer fail the seller could term...
04/25/2007
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Stephen McWilliam

ABR, CRB, CRS, GRI
local_phone(954) 359-3000
smartphone(954) 325-6771
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