Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   realtors vs tv real estate brokers (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/realtors-vs-tv-real-estate-brokers-304565/)

WinnieHa 03-30-2020 03:56 PM

Correction: I meant the Villages Rep was looking out for seller not buyer....whoops

manaboutown 03-30-2020 05:23 PM

It is quite simple.

A Villages agent can show you new spec homes, lots to have new houses built upon them as well as resales listed by The Villages Listing Service (VLS). BTW, Villages agents are NOT Realtors although I understand they are licensed by the State of Florida as real estate agents. Caveat: Be sure your Villages agent is willing to show you resales if you are considering buying a resale. My original Villages agent was clearly not as he evaded showing me any.

A Realtor can show you resales listed in the Multiple Listing Service (MLS), but not the VLS.

If you are looking for a resale it is wise to have both a VLS agent and an MLS Realtor as the two services do not cooperate.

bagboy 03-30-2020 06:06 PM

Quote:

Originally Posted by retiredguy123 (Post 1736939)
The commission can definitely be negotiated, especially the listing agent's part. Some agents even advertise a 4 percent commission, with 3 percent going to the selling agent.

I've seen those ads by agents for 4% & 5% commission. At 4%, that doesn't give much room for the listing agent to spend time and money on marketing a particular property. And I might add, do you really want to put your trust and faith in someone who so willingly cuts their commission just to get the listing?

retiredguy123 03-30-2020 06:26 PM

Quote:

Originally Posted by bagboy (Post 1736988)
I've seen those ads by agents for 4% & 5% commission. At 4%, that doesn't give much room for the listing agent to spend time and money on marketing a particular property. And I might add, do you really want to put your trust and faith in someone who so willingly cuts their commission just to get the listing?

Well, some people say that you get what you pay for. But, there are also agents who will charge a 6 percent commission to list a property and still won't really do much to sell it. I would never agree to pay a 6 percent commission without a written marketing plan from the listing agent. The internet plays a much more important role in selling houses than it used to. When I have listed houses, most of the time another agent finds the buyer before the listing agent does. Also, most houses are eventually sold for less than the asking price. If you get a low offer, you can always renegotiate the commission as part of accepting a lower offer. The commission in the listing agreement only applies if they bring you a full price offer.

bagboy 03-30-2020 06:50 PM

Quote:

Originally Posted by retiredguy123 (Post 1736993)
Well, some people say that you get what you pay for. But, there are also agents who will charge a 6 percent commission to list a property and still won't really do much to sell it. I would never agree to pay a 6 percent commission without a written marketing plan from the listing agent. The internet plays a much more important role in selling houses than it used to. When I have listed houses, most of the time another agent finds the buyer before the listing agent does. Also, most houses are eventually sold for less than the asking price. If you get a low offer, you can always renegotiate the commission as part of accepting a lower offer. The commission in the listing agreement only applies if they bring you a full price offer.

I don't disagree with anything you just posted. Heck, I've seen agents list for 8% and sit on their hands until another agency brought a offer/buyer.

NavyNJ 03-31-2020 10:43 AM

It's really pretty simple, as others have described....
 
Quote:

Originally Posted by bagboy (Post 1736287)
TV agents are just that. Agents of the developer that sell new construction, new spec homes, and they list and sell previously owned homes in The Villages thru their Villages Listing Service. They are not licensed Realtors, therefor they cannot participate in the sale of any broker listed home inside or out of The Villages. I have recently seem a few agents advertised as "licensed agents" I don't know what that means as they aren't using the trademarked Realtor designation.
Outside of The Villages, there are licensed real estate Brokers, who own their own office/company, and work representing buyers and sellers. There are also Brokers in Charge, licensed as a Broker but run an office/company for another party. And then, there are licensed Realtors who work for outside of The Villages agencies as sales reps and buyers agents.
Unless something has changed, these two groups are like oil and water. They don't mix, and they don't cooperate on transactions. Realtors don't sell new/used Villages inventory, and Villages agents work for the developer and in cooperation with other Villages agents

Not sure what part of the bolded passage you can't absorb?? ALL persons selling Real Estate in the State of Florida are required to meet the SAME licensing guidlines, both for education/classroom time, AND passing the SAME State Exam. Once they do that, regardless who they choose to work for (Properties of TV, ReMax, Century 21, etc.), they do so as Licensed Real Estate AGENTS. For anyone working for a Broker/Firm that is a Member of the Nat'l Assoc. of REALTORS, once they pay their dues to join that group, they can use the designation and trademarked logo of "Realtor" on their cards, letters, etc.

That's about all there is to it! Don't make it more confusing than it needs to be. Others have explained adequately who can show/sell what properties, so I'm staying away from that. Hope that helps a little.....:)

427dave 03-31-2020 10:48 AM

When we recently began the search for a used home we ended up with a Villages agent to show us the ones listed with the Villages and a Realtor that could show us the rest of the houses listed by real estate companies. Sort of a rotten deal because who ever you buy from the other one gets the shaft.

Years ago the Villages was a MLS realtor with a broker and they shared listings, then they closed all their Real Estate offices and went to agents and dropped MLS and refuse to work with the other real estate companies. Someone said the Villages did not like having to pay commissions to outside realtors.

We listed our old house with the Villages to begin with, they used it to sell new homes, if they showed it they were telling the customer that they could buy a new one for the same price. After the listing expired we listed with a local Realtor and they sold it with in two weeks.

bagboy 03-31-2020 12:15 PM

Quote:

Originally Posted by NavyNJ (Post 1737331)
Not sure what part of the bolded passage you can't absorb?? ALL persons selling Real Estate in the State of Florida are required to meet the SAME licensing guidlines, both for education/classroom time, AND passing the SAME State Exam. Once they do that, regardless who they choose to work for (Properties of TV, ReMax, Century 21, etc.), they do so as Licensed Real Estate AGENTS. For anyone working for a Broker/Firm that is a Member of the Nat'l Assoc. of REALTORS, once they pay their dues to join that group, they can use the designation and trademarked logo of "Realtor" on their cards, letters, etc.

That's about all there is to it! Don't make it more confusing than it needs to be. Others have explained adequately who can show/sell what properties, so I'm staying away from that. Hope that helps a little.....:)

Snarkiness must be common where you are from. And with that, my reply to you will probably be deleted. Just so you know, I have decades of real estate experience, buying, selling, acting as an investor, and also as a licensed agent. I held the Realtor designation honorably, and was a member of my local, my state, and the National Board of Realtors.
I have had hour upon hour of licensing instructions, and again, years of practical experience. You are not understanding my statement. My point was I have seen The Villages advertise some of their agents as licensed. And my thought was Why highlight a few as licensed? Are they possibly trying to portray them as Realtors? I don't know what the intention was.
IF you are a veteran, thank you for your service.


All times are GMT -5. The time now is 05:28 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by DragonByte SEO v2.0.32 (Pro) - vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.