Quote:
Originally Posted by BostonTom
You are NOT required to sign anything with the MLS listing agent making them your buyers agent.Working for free not true listing agent will still get 2.5 percent from the seller and nothing from the buyer but now with new law the agents want the buyer to also pay them 2.5 percent so they continue to get the 5 percent. Eventually, when people figure this out and read the new law, there will be no buyer's agents. MLS agents want to continue to double dip which is exactly why MLS settled the lawsuit just read it.
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Please clarify. What is "the new law"? Is this an actual new Florida statute, or just a lawsuit decision? I didn't think that Florida law ever addressed how much agents were to be paid as a commission, but the law did say that dual agents were not allowed. Can you provide a link to this new law?