Quote:
Originally Posted by BrianL99
It doesn't matter, it's a closed loop. All the "Salespeople" are working for the same "Broker" in who's name the listing is. VLS agents are not functioning as Brokers, they function as sales representatives.
VLS makes up their own rules and pays their employees, however they wish to pay them. I'm sure there's some sort of bonus/commission structure, but it's all blind to the public, as all work for essentially the same entity.
|
IMO, VLS making up their own rules in regards to preowned homes is coming to an end. Many buyers interested in the Villages are legal savvy. VLS will be confronted with a copy cat lawsuit if they continue the status quo. Again, the MLS lawsuit was about unfair practice of commissions. I do not see how VLS will escape.
When a Villages' employee sells a new home owned by the developer, they are a sales rep. When they are contracted to sell a preowned home it is completely different. The developer does not own the property. The Villages' employee is working for and being paid by the seller. They are acting as an agent and Florida law must be followed. Commissions paid are not secret. They are agreed upon in the contract, are included in a required good faith estimate, and itemized on the closing documents.