POLICIES & 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
GAINESVILLE: 4509 NW 23rd AVE, SUITE 15  GAINESVILLE, FL 32606

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 $162.90 as of August 1st, 2023

*Florida Association of Realtors and MLS require all realtors to notify their Broker upon a fully signed Listing Agreement and/or a fully signed Contract within two days of signing or it is a violation. Fines can be implemented.* First time Listing Manipulations are fined by the MLS for a $500 fee.

1st Warning is free from us

2nd Warning is a $25 fee from your commission

3rd Warning is a $50 fee from your commission

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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

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

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 administration to the appFile}

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