The Special Rule: "Limited Confidentiality"
-
Welcome to the course!
-
The Real Estate Business
-
Law & Qualifications
-
License Law And Commission Rules
-
Authorized Relationships, Duties, And Disclosure
-
Brokerage Offices and Branch Requirements
-
Violations Of License Law, Penalties And Procedures
-
Chapter 8
-
Property Rights
-
Title, Deeds And Ownership Restrictions
-
Legal Descriptions
-
Real Estate Contracts
-
Residential Mortgages
-
Types of mortgages
-
Real Estate Related Computations And Closing Of Transactions
-
The Real Estate Markets And Analysis
-
Real Estate Appraisal
-
Real Estate Investments And Business Opportunity Brokerage
-
Taxes Affecting Real Estate
-
Planning, Zoning And Environmental Hazards
-
Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Authorized Relationships, Duties, And Disclosure
Section 21 of 31
Since you might be working with both the buyer and the seller, you cannot give "Full Confidentiality" to either of them (that’s for Single Agents). Instead, you offer Limited Confidentiality.Think of this as the "Poker Face" Rule. You can chat with the other side, but you are legally forbidden from revealing the other person's negotiating strategy. Specifically, you cannot disclose:Price: You can't tell the buyer the seller will take less than the asking price. You can't tell the seller the buyer will pay more than their written offer.Motivation: You can't tell the other side why they are buying or selling (e.g., "They are getting divorced and need to sell fast!" or "They love this house and will pay anything!").Terms: You can't reveal that a party is willing to agree to different financing terms than what is on paper.Note: You keep these specific negotiation secrets safe, but you don't keep secrets about the house itself (like the leaky roof).
Rating
0
0
There are no comments for now.
Join this Course
to be the first to leave a comment.