Page 12 - Martin Downs Bulletin - May '24

Page 12, Martin Downs

real estate

Treasure Coast Real Estate agents and there will be no buyer’s agent commission or numerous properties with no obligation to that agent. A
Report listed in the MLS. thing called a buyer’s agent agreement will be the new norm.
At the end of the day, I think that the only thing that
The media has been predicting things like a real
estate crash, tens of thousands of real estate agents might change is so many people getting a real estate
How Will The Latest Court Ruling Affect leaving the industry, sellers saving thousands of dollars license, just “for something to do.” Given the fact that
Home Sales? in commissions, and a dozen other scenarios. In other 75 percent of newly licensed agents don’t last their first
words, nobody knows what is going to happen. year, my guess is that most of these poor folks won’t even
By Jim Weix What I am certain of though, is that no agent is going bother anymore.
As many people know, a to work for free and that most buyers are not going to That is good news for everyone.
huge lawsuit about sellers want to pay their agent a commission. Even if a buyer is Feel free to call me if you would like to discuss your options.
paying a buyer’s agent a willing to pay a commission, they may have a problem I can be reached at (772) 341-2941 or jimweix@jimweix.com.
commission has been settled. if they are getting financing. Jim Weix is a broker associate with The Keyes
It still needs to be approved I think that the most common scenario will be that the Company. Jim has 25 years of experience selling real
by the Department of Justice. buyer will make an offer and require that the seller reimburse estate full-time. If you have questions or want the services
When a seller lists their or give them credit for whatever they agreed to pay their of an experienced expert, you can reach Jim at (772) 341-
home, they normally agree agent. One way or another, the seller will end up paying. 2941 or jimweix@jimweix.com.
to allow their agent to pay Additionally, gone will be the days that a buyer can
a portion of the commission contact an agent and expect them to show them a property,
to the agent who procured a
buyer. The seller paid the total commission.
For example, a seller lists their home and agrees to
pay a 5 percent commission. If another agent procures a
buyer, the seller and listing agent agree to pay that agent
half of that commission or 2.5 percent. That buyer’s agent
commission was included in the Multiple Listing Service
(MLS), so buyer’s agents knew how much they would YOUR FIRST CHOICE
earn if they procured a buyer.
This system worked well for decades, but sometime in
July, it will be all gone. Sellers won’t have to pay buyer’s FOR A

loCal

GovernMent SECOND

Martin County Tax Collector

Dear Taxpayers of
Martin County, OPINION
Tax collectors are
required to advertise the
date when tax certificates
will be sold at auction on
all parcels of real property
upon which taxes are
delinquent [Section
197.402, F.S.].
The advertisement
must appear in the
newspaper once each week for three consecutive weeks
prior to the date announced for the tax certificate sale.
This advertised information is required by Florida law CHOOSE A LEADER
and is not intended to be embarrassing or intimidating.
The notice serves as a reminder to contact this office IN CARDIAC SURGERY
immediately for payment if your taxes have not been paid
for the 2023 tax roll.
April 30 at 4:30 p.m. is the last day to pay taxes to Second opinions save lives. That’s why Cleveland Clinic
ensure you are not listed in the news Martin Health is your first choice for a second opinion
May 31 at 4:30 p.m. is the last day to pay taxes
before a certificate will be sold! on cardiac surgery. With minimally invasive options
Current law provides that taxes on these listed and shortened recovery times, our heart surgeons
properties will be recovered through the sale of tax provide world class care on the Treasure Coast. From
certificates. Tax certificates constitute first liens on parcels
of real property. They make it possible for the owner(s) pioneering research to cardiovascular surgery, trust
of real property to allow ad valorem property taxes to our heart experts for every care in the world.
become delinquent and continue to use their property
for two years (or more) before actually paying the bill
(plus interest and costs). During this period, investors Call 855.881.1972 to schedule an appointment.
pay the delinquent tax bills at negotiated rates of interest
lending the delinquent property owners’ money in order
to continue using their property before paying the bill
or surrendering the title to the property. The payment
of property taxes provides the county, school board and ClevelandClinicFlorida.org/HeartSurgery
municipalities with the revenue to provide necessary
services for Martin County taxpayers. Tax certificates
assist in funding the government’s expenses in the interim
time taxes are delinquent.
The system for collecting delinquent ad valorem
property taxes is defined in great detail in the Florida
Statutes, Attorney General’s Opinions and Department
of Revenue’s rules and regulations, per F.S. 197.122, F.S.
197.332, F.S. 197.343, F.S. 197.402, F.S. 197.403, F.S.
197.432. Please help keep your cost and the cost of your
government down by paying your property taxes on time.
Best Regards and Always at Your Service,
Honorable Ruth Pietruszewski,
Martin County Tax Collector