Wednesday, March 4, 2015

Always check the license of a real estate professional

Every real estate professional in the United States must be licensed and each state has its own business license authority. In Florida the DBPR – Department of Business and Professional Regulations – has the authority to issue real estate licenses after the applicant has successful completed his/her education and passed the state exam. This license is only issued for two years and needs to be renewed at the end of every two years.

A properly licensed real estate agent has his/her state license always in the wallet because the license has only the size of a check or credit card. When the license is expired the real estate is no longer allowed to practice the real estate profession. The expiration date is stated on the license and easy to check.

Buying and selling of a property is for the most people a big deal and therefore you have to be careful with whom you are dealing. Unlicensed individuals do not know the proper procedure how to perform a real estate transaction correctly. They often try to scam you and sell or rent you poorly maintained properties with cloudy and dirty titles. When you realize this issues later on they have already disappeared and you have lost your invested money. I do not think that you want to make that experience – right?

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