Home Curiosity Who Pays Closing Costs in Florida? How Much Are They?

Who Pays Closing Costs in Florida? How Much Are They?


To buy a house in Miami, FL, it is better to use the services of a Miami real estate agency, for example, Cardinal Realty, since real estate transactions can’t be carried out without intermediaries. As a rule, agencies operate within the same state, but highly qualified specialists have connections with colleagues from other states.

After choosing realtors in Miami, a client sends them a questionnaire indicating wishes as a buyer of real estate. Based on this information, the specialist will offer options to the customer according to their wishes. The customer, accompanied by a realtor from CardinalMiami, looks at the selected apartments or houses, and the seller is also present. If both parties are satisfied, the contract is signed, and payment is made.

A real estate transaction is a fairly complex process that involves many players and many moving parts. Closing costs occur when property ownership passes from the seller to the buyer. The total closing costs depend on where the property is being sold and the assigned value. Homebuyers typically pay between 2% and 5% of the purchase price, but closing costs may be paid by either the seller or the buyer.

Property tax in the US is required to be paid twice a year. The usual due date for payment of the relevant invoices is March 1 and September 1. At the transaction’s closing, the buyer pays the tax for the first time and at the beginning of the new tax year.

How to Join the Association of Realtors in Miami?

Who are realtors, and why are they needed in America? Firstly, the American real estate association makes it difficult to buy or rent a house on your own. Everyone in Florida values ​​their time, and therefore, when they want to sell a house or rent an apartment, they prefer to turn to professional realtors. Secondly, even though Internet sites and applications help buyers, sellers, landlords, tenants, developers, and investors are widespread in the United States, the information on these resources is far from reality. In fact, their purpose is advertising, thanks to which people, one way or another, turn to realtors from CardinalMiami.com since only they have access to professional platforms.

A higher education diploma is optional to work as a realtor in Miami. Special colleges and faculties for this specialty are not provided, but a package of restrictions for those who decide to become real estate agents Miami, FL, exists. The applicant must meet the following criteria:

  • Age at least 18 years old.
  • Have US citizenship. It is preferable to live in the same state where you intend to operate.
  • No convictions.

In general, you can’t become a realtor without appropriate education. A beginner needs to attend real estate pre-licensing classes. They are different in terms of their volume and duration. It all depends on the state where the work is scheduled, and the classes are conducted. Their average duration fluctuates around 40-60 academic hours. Upon completion, you will have to take a paid exam.

A license is issued after completing the classes and passing the exam (which is accepted after a minimum level of answers to questions of 70%). Without it, it is impossible to work as a realtor in Miami. In addition, realtors will have to pay a fine if something goes wrong and the client loses money. To gain practical skills, you can go to the assistant of a Miami real estate agent to the best CardinalMiami agency. Many people start their careers in this way.