Author: Benjamin Boyhan
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What is the difference between a Homeowner, Condominium, and Co-op Association?
Homeowner, condominium, and co-op associations are similar in that they all include multiple properties within one association and they are each governed by an association board. What follows are some important differences between them: Homeowner’s Associations – Usually include single-family homes/townhomes. Ownership – A deed is used to transfer the property. Owner owns the home…
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What are the types of listing agreements in Florida?
When engaging a real estate to sell your property, they will usually have you sign a listing agreement. The listing agreement will define the relationship between you and your real estate agent/broker. There are four types of listing agreements:
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What should you know about listing agreements in Florida?
When engaging a real estate agent to sell your property, once you agree to work with them, they will have you sign a listing agreement. The listing agreement will define the relationship between you and your real estate agent and the real estate agent’s broker. The following are important provisions you should pay special attention…
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Are you required to issue membership certificates for your LLC?
A membership certificate for your LLC details an individual’s ownership in the LLC. The membership certificate lists the ownership in the certificate as a number of units. For instance, an LLC certificate might provide that Elvis Presley has 100 units in King Creole, LLC. An LLC membership certificate is not required by law for your…
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Disclosure obligations of sellers in the Florida “AS IS” Residential Contract For Sale and Purchase
The “AS IS” Residential Contract For Sale and Purchase (the “Contract”) is the most common contract used in the state of Florida for residential real estate transactions. It was developed over many years by a joint committee of the Florida Realtors (formerly the Florida Association of Realtors) and the Florida Bar. The Contract does not…
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Why is a municipal lien search important in a Florida real estate closing?
In Florida, a municipal lien search is a standard search that is ordered by the closing agent in virtually every real estate transaction. Lien search is a bit of a misnomer because the lien search searches for more than just liens. Lien searches search for municipal liens, permit issues, code enforcement violations, outstanding city special…
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What is the standard Florida real estate contract used where you live?
There are standard residential real estate contracts used throughout the state of Florida. Which contract you use will largely depend on the county where the property is located. The standard contract forms used throughout the state along with the counties where they are used are as follows: Standard Residential Contract For Sale And Purchase and…
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Are There Benefits to Forming an LLC in Delaware?
When forming an LLC, the general rule is to form your LLC in the state where you will be doing business. A few reasons are because if you are doing business in one state, but you form your entity in another state, then your company’s structure will be more complicated, it will be more expensive…
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Should you form your LLC in another state?
Whether you should form your LLC in another state other than your home state depends on the reasons you are forming an LLC and type of business you are running. The benefits of forming an LLC outside of your home state are often overhyped and may not even apply to you. Some of the good…
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Can a judgment against you affect your family’s real property?
A judgment lien can prevent you from selling your real property and may require you to pay off the judgment lien before or at the time of closing. But can a judgment lien against you affect your family’s real property? If you are not on the deed, then your judgment lien will not impact your…