the "Transaction Broker"

Florida is a Transaction Broker state.

a Transaction Broker in Florida is Really a "Dual Agent". What does that mean to you...

Can't

provide these Critical Buyer services:

1... Be an advocate for you.

2... Negotiate the best price for you.

3... Negotiate the best terms for you.

4... Suggest an appropriate offering price.

5... Research on your behalf and bring to your attention, defects and/or problems.

6... Provide information about the seller motivation and position.

7... What the Seller paid for the property and his mortgage.

8... Research previous attempts to Sell the property.

9... Provide Fiduciary Representation.

NOTE... In a Listing Brokerage, ALL Agents have these restrictions regardless of the title they where.

 

MORE.. on "Transaction Brokerages"

Florida is a Transaction Broker state.

Transaction (Agents) Brokers can and usually do switch from Transaction Broker to "Buyer's Agent" to "Seller's Agent", back to Transaction (Agent) Broker. 

The Question is: Who do these Agents really work for?

Answer...The Brokerage. All agents have employment contracts with the Brokerage they work for.

Ok,  The Question to follow would be...

Who does the Brokerage work for?

Answer...If the Brokerage Lists properties for Sale, they have Legal Contracts with Property Owners to Market, Advertise, and Sell the owners property at the Price and Terms the Seller wants.

The Agents working for the Brokerage get these Listings for and Brokerage owns these Listing Contracts, Not the Agent.

All Agents working for the Brokerage are obligated under these Listing Contracts and their Contractual Relationship with the Brokerage to Sell these Listings.

Now, the Obvious Question is...

      How can the Brokerage's Agents provide Buyers Fiduciary Representation?

Answer... They Can't. There is an inherant "Conflict of Interest" that prevents brokerages that contract with Sellers, from providing Buyers, "Fiduciary Representation".

Solution...

Exclusively Buyers Realty...serving Buyers only.

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