Talk of The Villages Florida - View Single Post - VLS and MLS Agent commission?
Thread: VLS and MLS Agent commission?
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Old 04-27-2024, 07:56 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by VillagerNut View Post
Your information is totally incorrect. In the state of Florida the way it stands right now, most broker’s run as a transaction broker with nothing needing to be signed. We are definitely allowed to sell our own listings. We do not have dual agency in Florida. We have transaction broker agency. If we want to represent one party exclusively then we do have to get an agreement signed.
This is from the 2023 Florida Statue 475.278 (note the last sentence):

CONSENT TO TRANSITION TO
TRANSACTION BROKER

FLORIDA LAW ALLOWS REAL ESTATE LICENSEES WHO REPRESENT A BUYER OR SELLER AS A SINGLE AGENT TO CHANGE FROM A SINGLE AGENT RELATIONSHIP TO A TRANSACTION BROKERAGE RELATIONSHIP IN ORDER FOR THE LICENSEE TO ASSIST BOTH PARTIES IN A REAL ESTATE TRANSACTION BY PROVIDING A LIMITED FORM OF REPRESENTATION TO BOTH THE BUYER AND THE SELLER. THIS CHANGE IN RELATIONSHIP CANNOT OCCUR WITHOUT YOUR PRIOR WRITTEN CONSENT.

Has this law changed?