Quote:
Originally Posted by retiredguy123
The whole concept of a "buyers agent" is deceptive. The seller of a house pays the entire commission to the listing broker. Therefore, all agents involved in the transaction, who share in the commission, work for and are paid by the seller. The buyer pays nothing and gets nothing in terms of real contractual "agency" representation. If the real estate industry wants to honestly promote the buyers agent concept, then they need to develop contracts that require the buyer and the seller to pay separate commissions or fees for services rendered.
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Quote:
Originally Posted by vbsheriff
You are getting some confusing and inaccurate info on previous posts. Dual agents are not allowed on Florida. Best source of accurate info will be a Florida Real Estate / Land Use attorney.
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Yes -- there
is some confusing and inaccurate information in previous posts.
Although the seller may be paying the entire commission, the listing agent and selling agent do not both work for the seller. In this case, I am speaking about the agent for the buyer. The majority of Realtors are transaction agents as I've mentioned in a prior post.
A true buyer's agent
does have a contract which the buyer must agree to and sign. In the case when a Realtor is a buyer's agent under contract, the buyer would be paying their Realtor a commission, not the seller.
Nowhere in any of the above comments, do I see mention of a dual agent and don't know why this was brought up.
The Florida Real Estate Commission (FREC) in Tallahassee can answer anyone's questions regarding real estate in Florida.
(850) 487-1395