Talk of The Villages Florida - View Single Post - Will new real estate law on August 17th dramatically lower realtor commissions?
Thread: Will new real estate law on August 17th dramatically lower realtor commissions?
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Old 08-07-2024, 08:47 AM
candacev candacev is offline
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Originally Posted by retiredguy123 View Post
I did read Post No. 62. The same law states that the agent needs the "prior written consent" before they can act as a transaction agent. It even includes a consent form for the seller to sign. As a seller, I don't provide the written consent. An agent can "presume" to be a transaction agent, but without the seller's consent, they cannot act as a transaction agent. Are you reading something else???
In Florida, we are Transaction brokers unless we transition to a single agent or non representation. Chapter 475 of Florida Statutes. What you are quoting used to be the case but that statute was changed at least 15 years ago.