The advice for anyone you meet in real estate? Trust but verify – which means don’t fully trust anyone who isn’t your mother. Scammers continually find new ways to separate you, your buyer or your seller from their money.
It’s not illegal to have a marketing service agreement (MSA), but the Real Estate Settlement Procedures Act (RESPA) rules do tie your hands a bit. Here’s what you need to know for a successful MSA that doesn’t break the law.
Some buyers assume they can cancel a contract by sending a Florida Realtors form Release and Cancellation to the seller or seller’s representative. However, their assumption misses some key contractual provisions regarding notice.