Updated almost 3 years ago on . Most recent reply
off market deal - intro
Hello,
I have a lead of a potential off market deal in Brandon near Tampa, FL. I'm a real estate investor but I have never been the "middle man" in such deals.
Looking for someone that could give me some guidance and will keep my best interest on how to create an exclusivity rights contract, provide tips, etc.
Thank you
Most Popular Reply
Know this...if you're not a licensed realtor, you will be breaking state law for the unlicensed practice of real estate. It comes with: "If convicted of Unlicensed Practice of Real Estate in Florida, a judge can impose any combination of the following penalties: Up to five (5) years in prison. Up to five (5) years of probation. Up to $5,000 in fines."
But I'm more concerned that an investor would put himself "in the middle" of a transaction that could expose him to both legal and financial liability. Don't wing it and get burned...there's a lot of folks out there who enter into contracts every day with no intent of ever closing - nor can they financially do so.
Do what you do best and avoid the risk that comes with distractions.
Best...