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A limited-service listing — also known as a flat fee Multiple Listing Service (MLS) listing — refers to a type of real estate listing agreement where a seller works with a real estate agent to list their property on MLS, but the agent’s involvement in the transaction is limited beyond that.
In this arrangement, the seller pays a flat fee $300 to the listing agent for the essential service of listing the property on the MLS, but the seller takes on more responsibilities in marketing, negotiations, and coordinating showings themselves. Limited-service listings are helpful if you’re planning to sell your home on your own (FSBO).
A limited-service broker does not provide services normally associated with a full-service brokerage.
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A Florida lien search uncovers legal encumbrances or claims against property in the Sunshine State. The search is part of the due diligence investigation required before real property transaction sale. Such inquiries are conducted through various government and independent sources, and they not only disclose the reason for a lien on the property but also identify the person, agency, or business that holds the lien (the lienor).
Florida Statute (FS) 727.103 defines a "lien" as a charge against or interest in a property to recover a debt or satisfy an obligation. This legal instrument secures the rights of people or entities to whom a property owner is indebted.
Under Florida law, creditors possess the statutory authority to place a lien on a debtor's personal or real property. Excluding liens for which the state imposes a statute of limitations, such claims may remain on the property until the inherent obligation is satisfied. Even bankruptcy may not completely dispel all liens attached to a property.
A lien in Florida may significantly preclude a property owner from using their property in financial transactions. As such, selling, refinancing, or borrowing against the property may become more challenging. Further, a creditor can initiate foreclosure proceedings in court to compel a payout.
Property in Florida can be subject to different kinds of liens. The underlying debt typically informs the type of lien attached. For example, unpaid property taxes to a city or county can necessitate the creation of a property tax lien, and an outstanding judgement debt can lead to filing a judgement lien. Meanwhile, income or business taxes owed to the Internal Revenue Service can result in a federal tax lien, and past-due child support payments can cause a child support lien to be placed on the defaulting parent's property.
Liens are also broadly classified according to their attachment method (such as whether a debtor's approval is needed) and scope (whether a lien affects all or only specific property).
General Liens in Florida
When a lien attaches to all property that a person owns or will acquire, including personal property, real estate, or business assets, it is called a "general lien." Any property subject to a general lien may be sold to settle an outstanding debt. Examples of general liens in Florida are judgement and IRS tax liens.
Specific Liens
A specific lien (or particular lien) is a type of lien that attaches only to a designated property or asset. The lien ensures the payment of a debt associated with the property. Examples of specific liens include mortgage, UCC, and mechanics liens.
Consensual vs Involuntary Liens
Consensual (or voluntary) liens are liens placed on property or assets with an owner's consent—typically when the owner uses their property as collateral for a loan. Contractual liens are the most popular types of consensual liens. These liens may arise from a mortgage, deed of trust, auto loan, or owed rent.
In contrast, involuntary (or nonconsensual) liens attach to property without the owner's consent. Examples are mechanics and tax liens.
Statutory Liens
Any lien fashioned by state or federal statute is a statutory lien. Such liens are imposed when a property owner fails to meet a mandatory obligation, such as paying their taxes or workers.
Statutory liens do not require a property owner's approval before being affixed to a property. Consequently, they are sometimes called involuntary liens. Examples include child support, IRS, judgement, and mechanics liens.
A tax lien in Florida represents the government's interest in a taxpayer's property or assets due to delinquent tax obligations. Several laws direct the operation and enforcement of tax liens in Florida. For example, FS 196.161 outlines the process for imposing tax liens due to homestead exemptions, FS 713.901 provides the filing procedures for federal tax liens in Florida, FS 443.141 covers liens for the payment of contributions or reimbursements, and so on.
Tax liens created in Florida are typically valid for a fixed period. Most Florida tax liens have a five-year limitation from when a tax is assessed or becomes delinquent, whichever occurs later (FS 95.091). However, federal tax liens are valid for 10 years after a tax is assessed (I.R.C. 5.17.2.2.2). Admittedly, these timelines can be extended in some scenarios to guarantee the collection of a tax liability.
Florida Statute (FS) 727.103 defines a "lien" as a charge against or interest in a property to recover a debt or satisfy an obligation. This legal instrument secures the rights of people or entities to whom a property owner is indebted.
Under Florida law, creditors possess the statutory authority to place a lien on a debtor's personal or real property. Excluding liens for which the state imposes a statute of limitations, such claims may remain on the property until the inherent obligation is satisfied. Even bankruptcy may not completely dispel all liens attached to a property.
A lien in Florida may significantly preclude a property owner from using their property in financial transactions. As such, selling, refinancing, or borrowing against the property may become more challenging. Further, a creditor can initiate foreclosure proceedings in court to compel a payout.
Property in Florida can be subject to different kinds of liens. The underlying debt typically informs the type of lien attached. For example, unpaid property taxes to a city or county can necessitate the creation of a property tax lien, and an outstanding judgement debt can lead to filing a judgement lien. Meanwhile, income or business taxes owed to the Internal Revenue Service can result in a federal tax lien, and past-due child support payments can cause a child support lien to be placed on the defaulting parent's property.
Liens are also broadly classified according to their attachment method (such as whether a debtor's approval is needed) and scope (whether a lien affects all or only specific property).
General Liens in Florida
When a lien attaches to all property that a person owns or will acquire, including personal property, real estate, or business assets, it is called a "general lien." Any property subject to a general lien may be sold to settle an outstanding debt. Examples of general liens in Florida are judgement and IRS tax liens.
Specific Liens
A specific lien (or particular lien) is a type of lien that attaches only to a designated property or asset. The lien ensures the payment of a debt associated with the property. Examples of specific liens include mortgage, UCC, and mechanics liens.
Consensual vs Involuntary Liens
Consensual (or voluntary) liens are liens placed on property or assets with an owner's consent—typically when the owner uses their property as collateral for a loan. Contractual liens are the most popular types of consensual liens. These liens may arise from a mortgage, deed of trust, auto loan, or owed rent.
In contrast, involuntary (or nonconsensual) liens attach to property without the owner's consent. Examples are mechanics and tax liens.
Statutory Liens
Any lien fashioned by state or federal statute is a statutory lien. Such liens are imposed when a property owner fails to meet a mandatory obligation, such as paying their taxes or workers.
Statutory liens do not require a property owner's approval before being affixed to a property. Consequently, they are sometimes called involuntary liens. Examples include child support, IRS, judgement, and mechanics liens.
A lien on property in Florida is any legal claim or charge against a property to collect a debt. Liens can be imposed on real property in Florida. Real property (or real estate) refers to permanent, immovable property like buildings, land, fixtures, and all improvements to land.
We provide extensive information about the location of each property, including nearby schools, parks, and amenities, to help you make an informed decision.
Yes, we offer full-service property management for both residential and commercial properties.
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