Realtors need to be sure the good real estate deals, really are.

Unfortunately it appears homes are being listed in the MLS at prices that may not be what the seller will actually accept.

My guess is the thought process of the listing real estate agent is by listing the home at a price is low enough the home will attract more buyers which increases the chance of receiving offers. Once offers start coming in the seller and agent no doubt are counting on multiple offers to compete against each other thereby raising the price the home sells for.

Recent information received from FAR should give those agents engaging in this type of listing manipulation pause for concern.

The FAR article asks the question:

Q: If a real estate licensee lists a property at a below market price he knows the seller probably won’t accept, is the licensee in violation of Florida real estate license law?

FAR’s General Counsel Randy Schwartz responds, "While a violation of the Florida real estate license law is a matter to be determined by the Florida Real Estate Commission, in my opinion, if a licensee lists a property for a price the licensee and the seller know is not acceptable, a case of misrepresentation and false advertisement can be made under Chapter 475.25(1)(c) Florida Statutes. It would not make any difference if the listing indicated that the selling price was subject to a third party lender or not; it is more a matter of advertising something that is known to not be acceptable."

If you are interested in finding legitimate good real estate deals, contact me or search for homes on this web page.

Related Florida real estate views:

Real estate investors should take note

Is it a buyer real estate market in Central Florida?

Is your real estate agent showing you all the wrong homes?

Real estate deals are still going forward

Real estate deals are still going forward in Central Florida which includes the Orlando, Kissimmee and Tampa real estate markets.

Preliminary reports indicate over 4300 homes have went under contract so far in October. Keeping at this pace November 2008 closed sales may exceed November of 2007 sales. While there is still a long way to go before the market once again gains a healthy status, these reports are encouraging.

If you are interested in searching for a home in Florida you can do so by clicking on this link or you can call or email me and I will help you find real estate deals in your market area.


Related Florida real estate views:

How to find the perfect home.

Pro and cons of buying a bank owned home

A home with a price reduction is like a new listing!


- Greg Staker 407-304-0255