POLICIES, ANNOUCEMENTS & PROCEDURES

OFFICE LOCATIONS:

Ocala: 1720 SE 16TH Ave, Bldg 200 Ocala, Fl 34471
Summerfield: 14031 Del Webb Blvd. Summerfield, FL 34491
Dunnellon: 20093 East Pennsylvania Ave., Suite 1   Dunnellon, FL 34432
Inverness: 119 E Dampier St Inverness, FL 34450

Cares Donation Video:

https://drive.google.com/file/d/1kJv6cNvK-clVB3VF-QBd1vChQgQVpxkW/view?usp=sharing


Appfile Tutorial  – click here — https://youtu.be/qa-l3pIt2aY

kv Core – Marketing video – click here – https://www.youtube.com/watch?v=0F1GT7ENYn8

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SELLSTATE TRANSACTION FEES–(PER EACH SIDE)

BUYER FEES per contract side
  1. Purchase Price = $0 – $49,999 — $ 95
  2. Purchase Price = $ 50,000 & Up — $350
SELLER FEES per contract side
  1. Purchase Price = $0 – 49,999 — $195
  2. Purchase Price = $50,000 & Up — $350
  3. Processing Fees changing to $168.11 as of August 1st, 2024

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ANNOUCEMENT from OMCAR

Beginning 2025, the National Association of REALTORS® added a fair-housing training requirement for new and existing members. Realtor applicants will now complete two hours of fair-housing training, and existing Realtors must complete two hours of fair housing training every three years. Courses satisfying the new NAR requirement are: At Home With Diversity, a course to help real estate professionals work successfully in an increasingly diverse marketplace. Bias Override: Overcoming Barriers to Fair Housing, a course to help real estate professionals identify and interrupt stereotypical thinking to avoid fair housing pitfalls and Fairhaven, NAR’s online fair housing simulation, will also be updated to meet the stated learning objectives and two-hour minimum time frame so that it can be included in the list of qualifying courses and serve as the no-cost option.

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Processing Fees changing to $162.90 as of August 1st, 2023

WAIVING COMMISSION ON YOUR PERSONAL RESIDENCE: 7/31/2023

Advisors,

There continues to be confusion on our office policy regarding what the fees are for personally owned real estate and for the sale/purchase of a primary residence. For clarification, the following is our policy on both personally owned real estate and the sale/purchase of your primary residence:

Personal Residence (you must live in it if selling or moving into if purchasing) – Allowed once per year.

Pay the office the Buyer/Seller Fee of $350

E&O Insurance $35

Corporate Processing Fee – $168.11

Personally Owned Property (Investment)

IF a commission is being charged we will process it with the standard fees:

2% Marketing Fee (Corporate)

5% AAD Fee (Sponsor)

Buyer/Seller Fee $350

E&O Insurance $35

Corporate Processing Fee – $168.11

IF no commission is being charged, we will impute a 3% commission with the above fees and percentages applied. This will also apply if you are buying/selling for family members and waiving your commission.

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July 1, 2022 – NEW FLORIDA REAL ESTATE LAWS IN EFFECT

here is the link to the law changes

New Fla. Real Estate Laws Go into Effect July 1

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REFERRAL INFORMATION REQUIRED:

If you are sending or receiving a referral you must have a referral agreement & it must be SIGNED BY EACH BROKER/ NOT the agent. The brokers are responsible for the agreement and ensuring payment. 

  1. If you are referring a buyer/ seller to a different agency…

Create an appFile (labeled Misc) with as much information as you have

Get the referral agreement form & have each broker sign it

Send Sellstate NGR’s W9 to the other agency so that they can pay Sellstate (you)

Explain to the other agency that you will need a copy of the fully executed HUD after the closing occurs

2. If you are receiving a referral from a different agency…

Create an appFile per usual

Get the referral agreement form & have each broker sign it

Attain the W9 from the other broker agency/ NOT the individual agent so that we can pay them

Add all “outside buyer/ seller referral information” to the agent tracker form (including e-mail address for the agent who sent the referral to you)

{Notes regarding the payment of the referral will be added by admin to the appFile}