Quote:
Originally Posted by roadrnnr
I'm coming down to buy and will have both agents looking for me.
Are they still getting paid from the seller commission and not from me the buyer?
Thanks
|
You may be able to find a MLS buyer's agent. Most of the MLS agents I have used over the past 30+ years to purchase homes have represented me as buyer's agent. They were named as buyer's agent in the purchase agreement and were paid from the proceeds of the sale which is customary. Too, I have had separate exclusive and nonexclusive buyer's agent agreements in writing with a few. The one exception was when I bought a house through the listing agent in a very hot market in Newport Beach, CA back in 1996.
Recently I have observed agents moving toward being transactional agents and even non-agents as with a couple of sales of commercial properties I sold in 2022 and 2023. I do not know if Florida residential agents are trending that way or not.
Postings of the relevant Florida real estate agency statute is available in past TOTV threads.
I do not know how the recent NAR settlement has/is affecting how commissions are paid. I imagine it will be an evolving situation.
I haven't a clue about how VLS agents operate.