If you are super cautious - call the company to see if the letter came from them, and if they are a licensed company.
Hope this helps,
Beachfront Realty, Inc.
Documents? Receipts? Common!! Tenants presented me, actually presented the SHERIFF!! a forged 3rd party affidavit about a month ago on a scheduled eviction.
Critical and sad situation with the rentals in Miami Dade, I truly feel for those who need to secure one through a long distance arrangement.
Hope this is helpful.
Javier Olmedo, Realtor
Keller Williams Realty
Thanks for your inquiry. It's necessary to always exercise caution in any real estate transaction. You're doing the right thing asking questions to protect yourself and money. The rental process is fairly simple in South Florida but differs greatly than some states. For example, its customary for landlords to request the selling or listing broker have receipt of escrow deposit before considering an offer. However a real estate agent must deliver the check to his/her broker or selling broker no later than the end of the next business day after they've received them from you.
Under Chapter 61J2-14.010, Florida Administrative Code, and Section 475.25(1)(k), Florida Statutes... If a broker has received funds, or any item of value, from any person interested in a real estate transaction, the money or item of value must be placed immediately into a bank, credit union, title company or into any insured escrow or trust account. Immediately is defined as placement of a deposit in a trust account no later than the end of the third business day following receipt of the item to be deposited. Weekend days and holidays are not considered to be business days. Receipt by the real estate agent or any other representative of the brokerage constitutes receipt by the broker for this purpose.
Money or cashier's check is the common form of payment for escrow. Personal checks are not acceptable forms of payment. The check should be made out to either the selling or listing brokerage. Escrow deposit will go towards rental move in amount. Contact via Trulia or call 786-704-8482 if you have questions.
Licensed Real Estate Agent
The Condo Shop | Decorus Realty
16850 Collins Avenue, Suite 105
Sunny Isles Beach, FL 33160
T: 786.704.8482 | http://www.TheCondoShopMiami.com
As a consumer it is hard for you to check and verify the listing is a real deal. Only agents can look up the true listing details of a property.
If you want send me an email and I can check the listing and if all verifies then go ahead with your transaction. My email is: firstname.lastname@example.org
When money is held in escrow they will provided you with a letter as a receipt of payment and the funds should be held in the name of the Real Estate Brokerage not an agents name. So, make sure the agent works for a Broker and the fund are being held in the broker's escrow account.