CHEAP BEACH CONDOS

Disclosures

Cheap Beach Condos, a division of Travers Realty Services Inc, specializes in offering affordable condo properties for sale or lease with a water view along the scenic coastline of Palm Beach County, Florida.

Affiliated Company Business Disclosure | Brokerage Relationship Disclosure

Affiliated Company Business Disclosure

This is to give you notice that Travers & Hartnett Mortgage, Inc. is related in ownership to Cheap Beach Condos and some of its owners have an interest in the financial performance of Travers & Hartnett Mortgage, Inc. Cheap Beach Condos and Travers & Hartnett Mortgage, Inc. are affiliated companies and may collectively be referred to herein as the "Companies".

Travers & Hartnett Mortgage Inc
Set forth is the estimated charge or range of charges for Travers & Hartnett Mortgage Inc. 0% to 4% of the mortgage loan amount, which will vary based upon the lender, loan amount, interest rate, loan points and amount of the purchase price. Travers & Hartnett Mortgage Inc may also receive fees from the lender upon loan closing which vary from 0% to 3% of the loan amount, which fees are paid by the lender and you do not incur any additional obligations for payment of these fees to Travers & Hartnett Mortgage Inc.

You are not required to use Travers & Hartnett Mortgage, Inc. as a condition for settlement of a loan or on purchase of the subject property. You may be able to get these services at a lower rate by shopping with other providers.

Brokerage Relationship Disclosure
FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL SELLERS AND BUYERS OF REAL ESTATE.

You should not assume that any real estate broker or sales associate represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker. You are advised not to disclose any information you want to be held in confidence until you make a decision on representation.

TRANSACTION BROKERAGE NOTICE
FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES OPERATING AS TRANSACTION BROKERS DISCLOSE TO BUYERS AND SELLERS THEIR ROLE AND DUTIES IN PROVIDING A LIMITED FORM OF REPRESENTATION.

As a transaction broker, Cheap Beach Condos, a division of Travers Realty Services Inc, 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 a 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.