Quote:
Originally Posted by EatthMama
In Florida, realtors are automatically assumed to be “transaction agents”, which means they can represent both sides; seller and buyer. The post that said they can’t is incorrect.
Of course you can choose to try to sell your home yourself. But there is quite a lot of work, knowledge and negotiation skills that realtors bring to the table. We definitely earn whatever percentage we negotiate.
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Both of which above facts, appear to be lost of the majority of posters on TOTV.
Selling your own home, without a broker, is a fool's errand. That may change in the future to some extent, but not significantly.
As you correctly point out, the vast majority of real estate transactions if Florida, both parties are "represented" by "transactional agents", who have no fiduciary responsibility to either party (only to themselves). Folks seem to have a hard time getting this relationship straight in their head, but as you point out, it is fact.
Personally, I think Florida law has always put the consumer at a disadvantage, but that's just the way it was structured.
I also think you're right, when you suggest not much is likely to change anytime soon. The FTC ruling is a muddled bunch of bs in my opinion and the NAR should be embarrassed for not doing a better job at representing their membership through the years. Once "dual agency" entered the market place, it all turned to crap and this is payback.