Rental Property Investor · Gainesville, FL · Member since 2015 · 1k+ posts · 432 votes
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."
If they are buying, closing, and reselling... really not an issue.
If they are contracting, don't have capacity to close, and add no value (short sale negotiation, rezoning, due diligence etc.) they could be flirting with trouble.
Jeff Watson is an attorney with some good resources online about this subject that you might want to check out.