Talk of The Villages Florida - View Single Post - Will new real estate law on August 17th dramatically lower realtor commissions?
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Old 08-05-2024, 01:07 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Plinker View Post
FTC ruling so is national and all realtors must abide. Google “New realtor commissions and FTC”
Thank you. I don't understand how this would affect me at all. I have sold houses with a listing broker contract, but I have always made it clear that the broker is representing me only, not the buyer or their agent. The entire commission is paid by me at closing, and all of the money goes to the listing broker. Any licensed agent who shows my house is representing me. If they have a written buyer's agent agreement, they cannot show the house. It is also a violation of Florida law to be a dual agent.