In conclusion of my Agency series, I wanted to give the process of switching from Single Agent to Transaction Broker, remember this works if you are a Buyer Broker or Listing Broker in a single Agent capacity.
CONSENT TO TRANSITION TO TRANSACTION BROKER: 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.
Remember, it is the choice of the customer as to the choice of Agency type. However it is up to the Brokerage to accept this type of employment, and some companies dictate to their subcontractors as to which Agency type they will choose for their Brokerage. I hope this has been informative, as always if you have any questions, feel free to E-mail me.
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