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Brokerage Agreements & Fraud Statutes

Posted on: October 15, 2020

Brokerage Agreements

As with any agreements you will encounter in South Florida Real Estate, a Real Estate Brokerage Agreement should be cultivated by all parties to the agreement and signed by all individuals and parties involved. While the law in Florida does not require that a brokerage agreement be written, when dealing with high-end Real Estate transactions it is always advisable–and in your best interest to work with an experienced South Florida Real Estate Attorney who can facilitate a solid agreement that both represents and protects your interests and rights.

Verbal Or Written Agreements In South Florida Real Estate

While it is true that contracts can be verbal, when dealing with complex, high net worth parties, projects, and luxury properties, it is critical that you have a written agreement. The State of Florida does require written contracts for specific transactions, the Sale of the property is one. This does not apply to any subset of contracts in particular but is specifically covered in the Statutes Of Frauds and in the event that future legal action is warranted, a foolproof contract becomes enforceable.

A veteran South Florida real estate attorney will include all considerations and obligations as well as detailed information about the property and parties involved. The latter statute is a result of legislation that sought to reduce and eliminate the common practice of real estate legal actions that originated from the use of Verbal Agreements. Having an agreement is also vital in order to insulate and protect you and your investment from any possible fraud during the course of your Real Estate Transaction.

Preparation

It is important to note that there are different protections under The statute of frauds and thus it is for that reason that you should seek an experienced South Florida Real Estate Attorney who has an in-depth knowledge of contracts and agreements so as to ensure that you have constructed the contracts and agreements that are strategically formulated for the purpose of your individual or business transactions.

If you are in the process of reviewing or signing a Brokerage Agreement or Contract, contact our office immediately to learn more about how we can help you. A general attorney who may have attended a handful of closings may understand the general purpose of a contract, or even have the ability to put an agreement together, however, when dealing with luxury or high-end real estate transactions, the complexity of the transaction may be beyond the experience of an attorney who does not specialize in Real Estate Transactions.

A Strong Focus On Real Estate Transactions

For both your protection and to provide yourself with the ability to have a clean and legally sound transaction, it is best to retain an attorney who regularly handles transactions such as yours. Our team singularly works on properties like yours, contact us today to learn more about how we can help you. (954) 779-7009.