
02-24-2024, 10:57 AM
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Member
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Join Date: Dec 2020
Location: Falmouth ME; Kittery ME
Posts: 67
Thanks: 75
Thanked 66 Times in 33 Posts
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Quote:
Originally Posted by Laker14
I believe it is you who are mistaken. If the home is a VLS listed home, ALL of the VLS agents are working for the seller.
Your particular agent may be relaying your offers to the buyer, obviously doing what he or she can to facilitate the sale to you so he or she can make a commission, but, for example, if your agent happens to know that the seller would take 10K less than your offer, your agent is not required to let you in on that. Your agent will still be working to get the maximum for the seller, not the minimum for you. Similarly, if there is language in the contract that benefits the seller, "your" VLS agent is not required to explain this to you. If you want eyes on the contractual language looking out for your interests, you need to pay those eyes separately if you are buying via VLS.
If you have an MLS agent acting as a "buyer's" agent for you, on an MLS listing, then your "buyer's" agent will be looking at that contract and explaining issues to you, and giving you a chance to understand why that language is not in your favor, and thereby representing YOU.
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Some good faith summaries in all these previous postings of FL real estate law (not direct excerpts, however, of the actual statutes) so to learn it all — go to the source documents (FL law) and read them. The poster above clearly summarized what most people need to know. Learn the above and you will avoid a lot of misunderstandings.
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