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Florida Statute 475 governs real estate
licensees. Florida is a Transaction Broker state. All licensees are required BY LAW to explain to you YOUR RIGHTS on the different types of agency representation.
Ask Yourself this simple question to help you
determine if the agent you are considering working with could be a "Transaction
Broker":
Does the Agent (or the company
he/she works for) list property for sale?
If the answer to that question is "YES",
BE CAREFUL!
Transaction Brokers can (and usually do) switch from Transaction Broker to "Buyer's
Agent" to "Seller's Agent", back to Transaction Broker and on and on and
on. It's confusing trying to keep up with all the switching back and forth.
The purchase of a home is the most expensive
investment you will ever make and the paper work alone gets very confusing and
tedious. You don't need to work with a real estate agent that is confusing also.
A Transaction Broker can not provide the following services for you:
1) Be an advocate for you
2) Negotiate price
3) Negotiate terms
4) Suggest offering price
5) Point out potential defects and/or problems
6) Provide information about the seller: motivation for selling, price they paid for the
property, how long the home has been on the market, etc.
DO YOU WANT THESE SERVICES?
Only an Exclusive
Buyer's Agent can GUARANTEE to provide these services on ALL properties for sale in the Multiple Listing Service (MLS), for sale by
owner, and new construction.
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