The PURTEE Team Awarded Top Producer Award 2012

At the awards ceremony last week, The Purtee Team again came away with top producer awards for volume of business done during calendar year 2012. Their broker, Realty Executives Adamo & Associates applauded the team for its $16 million+ volume here in Tampa Bay!

When asked about their 2012 performance, Garges is the first to praise Lambdin for her amazing work with bank-owned REO’s in the area. Plus she attributes a great part of the success to their diligence regarding their database. As a matter of practice, monthly market updates are emailed to their list of over 3,000. Each update is filled with market statistics, analysis, HOT DEALS and rental property updates. With that help and an in-debth proactive website, their clients can search the MLS just like a realtor, save searches and properties they find and receive updated properties that fit their criteria right as they come on the market! We then work together to negotiate the best deals.
As a team, we bring a very strong knowledge of the market, negotiation skills, construction, finance, rental property, home decor… and so much more! Visit our website at www.floridagulfproperty.com or join our database to receive those market updates by emailing info@floridagulfproperty.com. We look forward to working with you!

What Does The Realtors® Code Of Ethics Really Mean?

When working with a professional, is it with a sceptical mind that you will find them honest and ethical in their dealings with you as a consumer? A Realtor® might help with one of your largest financial transactions. How do you decide if using a Realtor® makes sense for you and then how to select which one.

First of all, Realtors® must be licensed with the state in which they practice. In order to maintain the active status of that license, they are each subject to passing the state test of knowledge and a full background check. The continuing education requirements are enforced to keep the agent knowledgeable about any changes in the law or current practices regarding a real estate transaction. Handling a transaction without the aid of a professional Realtor® can leave you quite vulnerable to missing key legal ingredients or having an unbiased third party counsel.

We are often asked how a Realtors® can represent both a Seller and a Buyer in a transaction. The National Association of Realtors has strict guidelines for that exact occurance. The agent becomes a third party Transaction Broker for which there are 7 key things you have a right to expect in this representation. They include the following duties:

  1. Dealing honestly and fairly.
  2. Accounting for all funds.
  3. Using skill, care, and diligence in the transaction.
  4. Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the Buyer.
  5. Presenting all offers and counteroffers in a timely manner, unless a party has previously directing the licensee otherwise in writing.
  6. Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the Seller will accept a price less than the asking or listing price, that the Buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to finacing terms other than those offered, or of any other information requested by a party to remain confidential.
  7. Any additional duties that are entered into by this or by separate written agreement.

In this case of limited representation, the Realtor® is able to facilitate a real estate transaction by assisting both the Buyer and the Seller, but not to the detriment of one or the other party.

In addition, the National Association of Realtors® issues its annual Code of Ethics and Standards of Practice. This is available in a PDF form and you will be able to see how serious the standards truly are. What I like in the Preamble is “Under all is the land.” What an amazing acknowledgement to help facilitate its highest and best use and change of ownership.
As in any profession, look for those professionals who have the highest standards and credibility… and who will represent your best interest in a real estate transaction. It would be our honor to show you how The PURTEE Team can help in the Tampa Bay area!

Do I Really Need To Use A Realtor?

The buying of real estate is the largest financial investment many people make. Whether buying for the first time or selling a family estate, Realtors take a complicated maze of requirements and, with knowledge of the local real estate market, simplify the process. They also maximize the profit. Realtors uniquely understand legal issues that affect real estate transactions, and they’re trained to negotiate the best possible prices and terms in the contract.
Perhaps more importantly, they offer professional advice and objective insight into a process that, for many, is very emotional. On the nuts-and-bolts level, Realtors have a complete list of area homes for sale, as well as all the data buyers need to know; they stay abreast of changing market conditions that can affect local real estate prices. (That is what we are doing with this Blog.) Realtors can also recommend reliable local lenders, real estate evaluators and insurers to help the transaction process proceed smoothly. Why a Realtor? Realtors adhere to a strict code of ethics approved by the National Board of Realtors (NAR). The code assumes that people conducting a real estate transaction must adhere to a higher set of standards that those people working in other business arenas. Realtors are, according to the Realtor Code of Ethics and Standards of Practice, “zealous to maintain and improve the standards of their calling.”
The Florida Association of Realtors, the voice for real estate in Florida, provides programs, services, continuing education, research and legislative representation to its 125,000 members in 67 boards/associations.
When you are ready to choose a Realtor along the beaches of Tampa Bay, let us show you why The PURTEE Team is your best choice!