FRECI_5-8 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 5 – Lecture 8 Real Estate Brokerage Activities Copyright, 2004 2 Lecture Preview What will you learn from this lecture? A broker’s role in expressing an opinion of title “Puffing” versus illegal misrepresentation Anti-trust laws Price fixing Copyright, 2004 3 Vocabulary Terms Puffing Copyright, 2004 4 Broker As An “Expert” Opinions of title Representations of value Brokers are regarded as professionals and often considered experts in the field by the public Brokers should use care when offering opinions, especially: Copyright, 2004 5 Opinions of Title have their attorney review the abstract of title purchase title insurance Brokers are required to disclose any known defects, clouds, or liens on a property If unsure, brokers should advise the buyer to: Copyright, 2004 6 Representations of Value Puffing Illegal misrepresentation
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FRECI_5-8 - Lecture Preview Florida Real Estate Commission...

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