TRANSACTION BROKER NOTICE RE/MAX Metro As a transaction broker, _______________________________________________________________________________________and its associates, provides to you a limited form of representation that includes 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 directed 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 listed 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 financing terms other than those offered, or of any other information requested by a party to remain confidential; and 7. Any additional duties that are entered into by this or by separate written agreement. Limited representation means that a buyer or seller is not responsible for the acts of the licensee. Additionally, parties are giving up their rights to the undivided loyalty of the licensee. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller, but a licensee will not work to represent one party to the detriment of the other party when acting as a transaction broker to both parties. __________________________ __________________________________ Date Signature ______________________________________ Signature Copy returned to Customer on the _____ day of ________________, ______ by: ❏ personal delivery ❏ mail ❏ E-mail ❏ facsimile. This form is available for use by the entire real estate industry and is not intended to identify the user as a REALTOR. REALTOR is a registered collective membership mark which may be used only by real estate licensees who are members of the National Association of REALTORS and who subscribe to its Code of Ethics. The copyright laws of the United States (17 U.S. Code) forbid the unauthorized reproduction of blank forms by any means including facsimile or computerized forms. BRD-7tn Rev. 7/06 © 2006 Florida Association of REALTORS® All Rights Reserved Page 3 of 3 Buyers’ Estimated Closing Costs Buyer: __________________________________________________________ Property Address: _________________________________________________ Purchase Price: $__________ $ __________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ See lenders Good ___________ Faith Estimate ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ $ _________ ========== $_________ ========== Normal Closing Costs: Termite Report Survey Recording Fee on Deed Document Preparation Fee RE/MAX Professional Service Fee Loan Expenses: Appraisal Fee Credit Report Doc Stamps (.35/100 on Note) Intangible Tax (.002 on Mortgage) Mortgage Assumption Fee Discount Points Tax Service Fee Recording of Mortgage Documents Origination Fee Mortgagee Title Insurance Mortgagee Underwriting Fee Mortgage Application Fee Miscellaneous Expenses: Courier Fee Home Warranty Plan Attorney Fee Condo Association Fee Disbursement Fee Property Inspections Other ___________________________ Other ___________________________ Total Estimated Expenses: I understand that this estimate has been prepared to assist me in computing the costs associated with buying the above referenced property. I further understand that neither RE/MAX Metro nor its agents in anyway warrants or guarantees the actual amounts of these figures. The undersigned hereby acknowledges a receipt of a copy of this estimate. Date: ___________________________ Buyer: __________________________ Realtor: _________________________ Buyer: __________________________ AFFILIATED BUSINESS DISCLOSURE This disclosure provides notice to you that RE/MAX Metro has a business relationship with Baywalk Title, Inc. d/b/a Title Insurors of Florida. The owners of RE/MAX Metro have a 100% ownership interest in Title Insurors of Florida. Because of this relationship, this referral may provide RE/MAX Metro a financial or other benefit. Set forth below is an estimated charge or range of charges for settlement services. Title Insurors of Florida Seller’s Charges: Closing Service Fee........................ $250 ‐ $370 Search Fee..................................... $65 ‐ $85 (Short Sales – Call for a quote) Title insurance is based on promulgated rates. The first $100,000 will be charged $5.75 per $1,000. The rate is then reduced to $5.00 per $1,000 up to $1,000,000. (See Title Agent for exact quotes for properties exceeding $1,000,000.) If a prior policy is provided, which is less than 3 years old, a reissue credit will be given at closing. Buyer’s Charges: Closing Service Fee........................ $175 ‐ $595 Lender Policy (if required)............. $25 flat fee Plus endorsements as required by Lender. You are NOT required to use the listed provider as a condition for the purchase or sale of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. ACKNOWLEGEMENT: I/We have read this disclosure form, and understand that RE/MAX Metro is referring me/us to purchase the above described settlement service and may receive a financial or other benefit as the result of this referral. _____________________________________________ Seller or Buyer _________________________________________ Date _____________________________________________ Seller or Buyer _________________________________________ Date Rev. 12/14/09 RE/MAX Metro Disclosures - Buyers (___) (___) HOME INSPECTIONS: As a prospective buyer you are in the process of making a very large investment. A professional home inspector should properly analyze this large investment. Home inspectors provide a unique customer service in identifying existing problems, should there by any, as well as examining the premises for the integrity of the internal and external components of the dwelling. A professional home inspection, while NOT A GUARANTEE of the condition of the house, is a professional opinion rendered by someone trained and qualified to detect signs of defects and/or deficiencies that the layperson may not see. Although there are many home inspectors from which to choose, it has been our experience that some do an exceptional job while others fail to perform satisfactorily. We will be glad to provide you with Names and Numbers of qualified local inspectors but we encourage you to speak with the inspectors and check the references of those you are considering using. Since the final decision as to the inspector will rest with you, RE/MAX Metro cannot be held responsible for your selection nor can we warrant the ultimate performance of the inspector you choose. By signing below, you agree to indemnify and hold harmless RE/MAX Metro and its agents from any and all liabilities that may arise out of your selection. It is understood that neither RE/MAX Metro nor its agents are receiving any fees or remuneration for these recommendations. WE RECOMMEND THAT YOU ALWAYS OBTAIN A GENERAL HOME INSPECTION AS WELL AS INSPECTIONS IN SPECIALIZED AREAS (POOL, ROOF, ETC.) BEYOND THE SCOPE OF THE GENERAL HOME INSPECTION IF RECOMMENDED BY THE HOME INSPECTOR OR IF YOU HAVE PERSONAL CONCERNS AS TO THE CONDITION OF THE SPECIALIZED AREAS. Please acknowledge our recommendation for you to obtain an independent professional home inspection. HOME WARRANTY: We acknowledge having the benefits, costs, and limitations of a Home Warranty Plan explained to us by our RE/MAX Metro agent. (___) (___) We hereby elect to have this coverage. Or (___) (___) We are waiving this coverage and agree to hold harmless RE/MAX Metro and its agents against any liability resulting from failure of systems and appliances that would have been covered by a Home Warranty Plan. (___) (___) PROPERTY TAX INFORMATION: Due to the changing values of properties and the effect of the Save Our Homes Cap, your property taxes may not be the same as on the date of your contract. Please be advised that you should check with the County/Tax Appraiser’s Office for any changes in your property taxes. RE/MAX Metro and its associates are not responsible for any tax information before or after the purchase of your property. Hillsborough County Pinellas County Pasco County Manatee County www.hcpafl.org www.pcpao.org www.appraiser.pascogov.com www.manateepao.com (___) (___) HOLD HARMLESS: Buyer(s) and Seller(s) understand and acknowledge that any agreement between them and any contractor, decorator, handyman or repair service, carpet company, cleaning service, home inspection company, moving company or any other service referred by RE/MAX Metro, or its agents and staff, is a separate agreement with that party and the Buyer(s) and/or Seller(s) agree to hold RE/MAX Metro and its agents and staff harmless from any responsibility regarding the agreement with the respective party or parties. RE/MAX Metro Disclosures – Page 1 of 2 (___) (___) SCHOOL INFORMATION: Buyer may consult the following websites for school information: Hillsborough Manatee Pasco Pinellas Sarasota www.sdhc.k12.fl.us/choice/ www.manatee.k12.fl.us/manatee/school_choice.html www.pasco.k12.fl.us/ www. pinellas.k12.fl.us/choice/default.htm www.sarasota.k12.fl.us/ Buyer(s) release RE/MAX Metro and its associates from any claim with regard to the school zones, districts and/or rankings. (___) (___) SETTLING: Settling is an occasional occurrence in Florida properties. It is usually evidenced by cracks and separations in the structure. Normal cosmetic cracks may occur due to expansion and contraction caused by temperature and moisture changes. These are of generally little concern. Various soil conditions, erosions, muck, peat, other organic materials and voids can also occur in Florida soils. If you have a concern about any of these conditions in regard to the subject property you are advised to have the subject property inspected by a competent licensed inspector knowledgeable in these matters. (___) (___) SQUARE FOOTAGE: BUYER acknowledges they have not relied upon BROKER’S or SELLER’S estimate of square footage of property. Square footage is approximate and may have been provided by third party sources. If square footage is of concern to BUYER, the BUYER is advised to personally measure the property. BUILDER’S WARRANTY (NEW CONSTRUCTION ONLY): (___) (___) BUYER has been provided a copy of the SELLER’s written warranty and accepts it. (___) (___) BUYER has been advised there is no written warranty. _________________________________________ Signature _______________________ Date _________________________________________ Signature _______________________ Date RE/MAX Metro Disclosures – Page 2 of 2