Any buyer can walk in behind one of these frauds, make an honest offer, put down substantial consideration, and kick the unlicensed broker to the curb.From the statute:All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserve

Hello BP Faithful,First of all just want to say thank you for to all you who look/respond to this post and making this community what it is.I'm looking to branch out of my home market (Oakland) after doing 3 deals there over the past 2 years.

Here is from FL statues 475.43"All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserve"I will welcome the day when all the frauds and game players are mostly out of business.

And furthermore I don't know what the hell I'm doing but I have promised myself that I would take a leap of faith and just get started somehow somewhere someway.

You'll never get anywhere trying to reason with them or develop a response to them based on logic, because the issues you are trying to defend yourself against aren't based on reality.Cut the strings and have faith that your attorney will have it resolved promptly.

I believe that by taking a leap of faith, I prevented a life of stagnation.4.

hi my names Joe, ive recently became a pro-member but have been on this site for a couple months now, i"ve listened to 100+ podcasts, mostly the ones that pertain to multi family and apartment complexes but have ventured into the other podcasts on flipping, wholesaling, etc.I'm bases in northern KY (Kentucky) and have established a good CPA and lender to help me with my future purchases. would also like to meet with some local investors if there are any around me, i've been in touch with a couple good friends who have became realtors and have been set up on MLS. but am always looking forward to meeting new people and analyzing areas that look like good places to invest.myself and a co-worker both are interested in getting into rental properties  I personally have 30k in my 401k that I would like to invest into real Estate as opposed to keeping it in.Both me and my friend don't have to much faith in the stock market and would rather take control of our investments.  

I'm still having analysis paralysis, but need to step out on faith!!!

How did you make that "leap of faith on your deal"?

Agents usually spot things like net listings, lack of ability and intent to carry out a sale contract, good faith dealings in contracting with an owner, it's all the old basic contract law stuff many don't care to understand.