Quote:
Originally Posted by Velvet
The agent works for the person who pays them. Didn’t you in your work life? In some states there are buying agents who you promise to pay and work for you, exclusively. I did not see that here in TV. You as a buyer are on your own. Caveat emptor!
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As mentioned above, usually there is no 'agent' in Florida residential real estate. A registered real estate broker/Realtor can be an agent. But they need not be.
Payment is not the controlling factor. Typically a Listing Contract obligates the owner/seller to pay a 5-6% listing fee to the listing broker.
That listing broker, by contract, then offers a 'split' to other participating brokers through the area Multi-List. That offer may include buyer agents, brokers even 'non-representatives'.
Unfortunately buyers are seldom told, and they never ask, "What is your Broker/Agent status with me?" So they think they have at least some small representation, when, in fact they have none!