Quote:
Originally Posted by Dlbonivich
WOW, you really think you know your stuff. If you think the listing agent is your best source for buyers to use, you are wrong. The list agent will also have to have the buyer sign a buyers representation agreement and the buyer will still have to pay him to represent them. Do you think he will work for free? Most sellers that are educated by the listing agent will negotiate to pay the buyer agent as a concession in the sale. Sale prices are not going to change and everyone will have representation. VLS will remain the same. Basically listing for 5 % and still splitting the commission between the developer and the buying and selling agent and working as transaction agents. Each party in that arrangement has limited representation, that is how they always have been. If there are typos I’m sorry I did this without my glasses. I hope the poster finds a great home and loves the Villages. I know I do !
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As a seller, I would never allow a buyer's agent to collect any of the commission I pay. I would also not allow any agent to become a transaction broker until after the sales contract is signed. Under Florida law, they need the seller's permission to act as a transaction broker. If they change the law, I will sell my house as a FSBO.