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Updated over 7 years ago on . Most recent reply

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Daria B.
  • Rental Property Investor
  • Gainesville, FL
429
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1,946
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LLC marketing for sale but are not agents or brokers? How?

Daria B.
  • Rental Property Investor
  • Gainesville, FL
Posted
I'm not an agent but would like to hear from Florida agents about this disclaimer I found on an ad in a local Facebook buy/sell page. They state they do not claim to be licensed real estate agents or brokers and are just a real estate investment firm but are marketing properties for sale. How is this legal? "Brilliant Home Buyers, LLC does not claim to be the owner of the properties we market for sale. If we are not the owners then we simply have an equitable interest in the property. Brilliant Home Buyers, LLC is a real estate investment firm and does not claim to be licensed real estate agents or brokers."

Most Popular Reply

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

This MAY be illegal. If they own the properties that is legal. If they are playing the assignment game, and are using contracts to broker, this is a violation of 475.42 and 475.43. If they do not own them and are not licensees they are brokering without a license which is a 3rd degree felony.

thanks @Jay Hinrichs for allowing me to contribute. 

According to their advertising they are CLUELESS unlicensed brokers and should be reported. If they WERE brilliant they would not be in violation of brokering laws LOL.

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