Quote:
Originally Posted by bebemary
In Fla REALTORS are not agents of the seller or the buyer. Legally they are facilitators. Agents who work for the developer are not board REALTORS but licensed sales agents of the developer. TWO different things. Sold Real Estate for 40 years in and out of The Villages
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For pre-owned houses, there is a legal binding contract between the licensed broker and the seller. When the broker finds a willing and capable buyer, the seller is legally obligated to pay a commission to the broker, even if no sale occurs. The buyer is not a party to the listing contract and pays no commission, regardless of what happens, as long as he complies with the sales contract.