Talk of The Villages Florida - View Single Post - Real Estate Sales Transparency
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Old 04-10-2019, 07:08 PM
retiredguy123 retiredguy123 is offline
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Default Real Estate Sales Transparency

I think that some real estate agents in The Villages are trying to have their cake and eat it too. They want to lock in a 6 percent commission by getting a seller to sign a listing contract where the seller agrees to pay the commission at closing. That is fine because they are establishing a legal agency agreement where they represent the seller to market and find a buyer for their house. No problem. This is very legal and transparent. But, then, they establish another relationship with potential buyers for the house, and they “pretend” that they are representing the buyer and acting as agents for the buyer. I know this because I have heard many buyers refer to real estate agents who are showing them houses as “my agent”. I believe that some licensed real estate agents are being deceptive. They should inform buyers and make it absolutely clear that they are not a buyers agent, and that they are an agent for the seller and that they represent the seller only. They are sales people for the seller. The term “agent” is a legal term, and it does not apply when describing the relationship between a real estate agent and a potential buyer. I think that the real estate business needs to become more open, transparent, and honest when they are interacting with potential buyers

Last edited by retiredguy123; 04-11-2019 at 04:59 AM.