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 08-06-2024, 07:04 PM
candacev candacev is offline
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Quote:
Originally Posted by retiredguy123 View Post
I don't agree. Here is the Florida law on transaction agents:

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.

It clearly states that the agent needs written consent to change to a transaction broker. There is no automatic assumption. As a seller, I would not provide the consent. What am I missing?
We are presumed transaction brokers in Florida
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