Quote:
Originally Posted by retiredguy123
That law is about as clear as mud. To me, as far as making the deal, the agent's loyalty is to the person who is paying the commission, which is almost always the seller. But, the State of Florida requires licensed real estate agents to act in a fiduciary manner with the buyer and the seller, which means that they need to be careful and treat both parties in a fair and honest manner, or they could lose their license. That is different from other salespeople who do not have a fiduciary responsibility.
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There was absolutely no loyalty to me as a seller last month. There were 2 sales people with less than a years experience and it resulted on me and the buyer doing 90% of the work. The closing agent sadly was saddled with explaining the HUD statement because the sales people are clueless. I left thinking Florida real estate folks don’t work for the money they get and the little time invested