A Tallahassee real estate agent discovers that a property's legal description in the MLS differs from the description in the deed. The MLS shows a street address while the deed contains a proper metes and bounds description. What should the agent do?
Correct Answer
B) Use the deed description and correct the MLS listing
The deed contains the legally valid description and the MLS listing should be corrected to match. Street addresses are not acceptable legal descriptions for real estate transactions in Florida, while properly recorded metes and bounds descriptions in deeds are legally binding.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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Previous Question
A developer in Sarasota is subdividing a parcel described as 'The Southeast 1/4 of the Northeast 1/4 of Section 8, Township 36 South, Range 19 East, LESS the South 330 feet thereof.' How many square feet remain after the exception?
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