[quote=graciegirl;1000477]I trust the agents working for the developer. Our agent showed us resales equally with new listings when we were thinking about moving within The Villages.. Jim McLaughlin is worth 43 of anything....
including realtors with their capital R who are needed outside of
this very HOT selling place.
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Quote:
Originally Posted by shcisamax
Gracie, Although your agent may have showed you resales equally with new listings, I still say that the realtors in TV do not have a fiduciary duty to you...they work for the developer.
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Quote:
Originally Posted by Phanatic Luvr
shcisamax, Although you are entitled to your opinion, The Village agents need to abide and are governed by Florida Statue 475. If they do not, they can be brought up on charges by FREC, Florida Real Estate Commission and also the DBPR, Department of Business and Professional Relations. They have to abide by the same rules and regulations as ALL agents in Florida. The difference with The Village agents and Realtors, is they do not belong to any Board of Realtors.
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Yes, Gracie -- you remembered the word Realtor is always spelled with a capital "R" because the word is a registered trademark. So why didn't you use it??? Currently, sales are not so "hot." Many spec houses are sitting vacant and incentives keep changing because sales have not been what Morse thought they would be or should be. They've stopped buiding entire streets of spec houses and now, once again, you can choose your lot and house.
Of course Village agents have to abide by Chapter 475. But Realtors have to abide to more strict rules and regulations. Villages' agents do not have to abide to the Code of Ethics as required by the National Association of Realtors. They do not have to answer to a local Board or Association of Realtors either, which has the power to impose disciplinary actions.
One of the "biggies" is that Village agents cannot take any of the many incredible courses that the NAR offers or even the classes offered by a local board, most of which are free. Many of these agents have never worked in a "real" real estate office and they have no clue what is entailed. They almost are handed listings because their sphere of influence is limited strictly to The Villages. Between open houses and the "up" system they are virtually guaranteed listings and buyers.
Of course there are some excellent sales people who work as agents in The Villages. But please do not compare a Villages' agent with a seasoned Realtor. There is no comparison.