Quote:
Originally Posted by retiredguy123
Under Florida law, all licensed real estate agents must have a fiduciary relationship with both buyers and sellers, but that is not the same as being a sales agent. As a seller, if an MLS agent is acting as an agent for a buyer, I would not allow them to show my house, and I would not pay them a commission. I'm not sure what you are calling a "contract", but a contract requires consideration to be paid by both parties, the agent and the buyer. It sounds like the agent is representing the buyer, but wants to be paid by the seller? No way. The purpose of the commission is to represent the seller in selling the house. If the agent is representing the buyer, that is a conflict of interest. Why should I pay a commission to someone who is not representing me?
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So your house sells faster , the commission for the buyers agent is paid out of the seller’s commissions, doesn’t affect you . You still pay agreed upon commission it’s just split unless the sellers agent brings a buyer which I doubt will happen.
Contracts are important of course .