Page 4 - Stuart Exposure - May '24

Cleveland CliniC Martin HealtH news
Page 4, Stuart Exposure

real estate

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

loCal

GovernMent

Martin County Tax Collector

Dear Taxpayers of Martin
County,
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
and is not intended to be embarrassing or intimidating.
The notice serves as a reminder to contact this office
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
ensure you are not listed in the news.
May 31 at 4:30 p.m. is the last day to pay taxes
before a certificate will be sold!
Current law provides that taxes on these listed
properties will be recovered through the sale of tax
certificates. Tax certificates constitute first liens on parcels
of real property. They make it possible for the owner(s)
of real property to allow ad valorem property taxes to
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
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
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 See answer in this paper.