George Foster's (tampa53) Blog

Many people who purchased homes from 2004 to 2007 are finding that they owe way more than their home is worth. This is for those people, the hard working middle class people who are reliable and self sufficient. They are finding it harder and harder to make enough to pay the mortgage and keep foo...

If you are reading this, you most likely use the web for more than E-mail, so let me give a little insight into the big name Real Estate websites. The way companies draw people to their site is by rankings in the search engines, if you just put in "Real Estate" chances are you will be directed to...

Today I went house hunting for an active military person looking for the usual three year home away from and found a few surprises out there. We went to the South Tampa area south of Gandy Blvd and looked at several homes, the surprise was the quality of Rehab performed by the owners who purchase...

I spent the weekend out in the field looking for Condos for a Montreal investor, what I found really opened my eyes. I looked in several Tampa locations 33619, 33637 and 33647. I communicated with my investor provided pictures and comparables, we settled on two likely prospects with prices of44.9...

In conclusion of my Agency series, I wanted to give the process of switching from Single Agent to Transaction Broker, remember this works if you are a Buyer Broker or Listing Broker in a single Agent capacity. CONSENT TO TRANSITION TO TRANSACTION BROKER: FLORIDA LAW ALLOWS REAL ESTATE LICENSEES W...

As a comparison, here is the duties of a Transaction Broker,  1. Dealing honestly and fairly; 2. Accounting for all funds; 3. Using skill, care, and diligence in the transaction; 4. Disclosing all known facts that materially affect the value of residential real property and are not readily observ...

In order to better understand Agency you need to know what is required by  Florida law. Here are the nine requirements for a Single Agent: 1. Dealing honestly and fairly; 2. Loyalty; 3. Confidentiality; 4. Obedience; 5. Full disclosure; 6. Accounting for all funds; 7. Skill, care, and diligence i...

Well we have covered all the different forms of agency, oh there is one that I really don't need to expand on, that's the Non Representation Agency. This is kind of self explanatory, I'm just letting you know I don't represent you. But the last one is the transition to Tranaction Broker. If you a...

If a customer wants to be fully represented, there is the Single agent option. This encompasses the buyer agent sometimes called Buyer Broker. In this form of representation, the best interest of the client ahead off all. If you here the seller say he would take a lower price, use it as a bargain...

After the Sub agent form of representation was deemed antiquated by the Real Estate Commission, a new form of representation was made available. This is know as Transaction Broker. Basically all of the tenants of representation are included in this form of representation except full confidentiali...