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 08-07-2024, 11:05 AM
retiredguy123 retiredguy123 is online now
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Originally Posted by candacev View Post
Did you read it is presumed an agent is a transaction broker unless they transition to be a single agent or non rep? Agree or disagree it really doesn’t matter. That’s what the statute says and that is what we are governed by. If you wish for a brokerage to represent you as a single agent then that brokerage cannot work with a buyer because dual agency is not allowed in Florida. Hence why we are presumed transaction brokers. All these new rules are VERY FLUID at this point and we are all trying to navigate the changes. Ultimately our job is to help buyers and sellers and make the transaction work for both parties to the transaction.
I don't want my agent to represent buyers, so I will not provide consent for them to be a transaction agent. And, the statute clearly states that they cannot act as a transaction agent without my written consent. I don't know what you mean by "working with a buyer" but they can sell my house without "representing" the buyer. If the buyer wants an agent, they can hire their own.