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Also, in some states (I know FL is one) dual agency is prohibited. State laws can vary greatly, so OP needs to be advised on that from someone familiar with license law in that particular state.
Also, in some states (I know FL is one) dual agency is prohibited. State laws can vary greatly, so OP needs to be advised on that from someone familiar with license law in that particular state.
in FL, we are presumed to be operating under a "transaction broker relationship", which allows us to work with both a buyer and selller in a transaction. If either desire something different, then we have a notice to give hem explaining our duties in either of the other two. We can not, however, be a "single agent" for both a buyer and seller in the same transaction, which would be considered dual agency.
in FL, we are presumed to be operating under a "transaction broker relationship", which allows us to work with both a buyer and selller in a transaction. If either desire something different, then we have a notice to give hem explaining our duties in either of the other two. We can not, however, be a "single agent" for both a buyer and seller in the same transaction, which would be considered dual agency.
Which I think is SMART. I wish that we would amend our laws to exclude dual agency as allowable. A lot of agents in my area (especially with the larger companies) have the buyer sign a dual agency agreement with their buyer's agency agreement, same with sellers and listing agreements. Many just sign and really have no idea what they are agreeing to until they hit the point where the dual agency comes into effect, then they are stuck.
This is a great example of why buyers need to sit down and interview agents before scheduling homes to look at. Realtors are typically independent contractors, so their level of service and expertise will vary widely even within the same brokerage!
Find the one that has the most to offer you and your needs. Find the one that best communicates on your level. Find the one that uses the same forms of communication you do (email, text, Facebook Messenger or that thing they call a phone). Find the one that understands the type of financing you will be using (VA, FHA or 1031 Exchange, etc.),
Just choosing one at the biggest company is like McDonald's expecting to get the best burger in town, or going to Walmart expecting the best because they are the biggest.
When I teach First Time Home Buyer Classes, I tell my students to interview a few Realtors before selecting the one you want to sign a buyer's representation agreement with. It is kind of like dating before you decide who to marry! Once you make the right choice, stay loyal.
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