Quote:
Originally Posted by kstew43
Villages sales agents are not realtors, per say....a Realtor is a person licensed to sell Real Estate that is a member of a governing board of realtors...this membership allows them access to the MLS multiple listing service.
The villages are real estate agents (licensed by the state of florida), but work only for a builder and the builder has created his own Villages Multiple listing service VLS. These agents can only sell VLS listings.
The main difference between the 2 is the brokerage contracts.......
Most MLS realtors are Transaction Brokers-meaning they are working for the sale of the property(transaction) and that is there goal. They play no favoritism to the home seller or the home buyer. There goal is to sell the home. When you buy a home you are required to sign the agency disclosure and this facts must be explained to you.
VLS sales agents are Single Agents- meaning they represent the seller only and have no obligations to the buyer. They put there efforts in the Developer and not the home buyer. When you buy a home you are required by the state of florida to sign a disclosure ackowledging that you are aware of this fact and it has been explained to you that you are being represented by a Single Agent.
Thats the main difference. Anyone in the state of florida selling property for someone else must hold a real estate license and ahear to the florida laws. But how you are represented by the agent and what information they have access to, is the main differences.
Some builders in SFLA used this practice, and MLS realtors could show the new homes, but not get a commission. This practice has become obsolete in Broward for the most part due to the limits it had on attracting new home buyers. But that was Broward....The villages is an entirely different ball game and has advertising USA wide and can make the new home sales without the use of typical Realtors.
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This explains a lot unfortunately.