Public education of agency relationship and Buyers agent. Who's Job?

As a Realtor for 23 years in Cape Coral Florida, I often wondered why the public is so lacking in knowledge about the advantages of using a buyers agent and the differences between agency relationships.

It is still not obvious to me.

In Florida you have transactional agents and single agents. (listing agent or buyers agent).

A buyer should use a buyers agent and a seller should use a listing agent, right?
Double dipping is great for the agent but not very good for the buyer nor seller.

In Florida, an agent is known as a transactional agent until the request a single agency status.

Does the public know what the duties and loyalties of a transactional agent lies? I know the vast majority do not. Why?

Who's responsibility is it to make sure the public is aware?

Can a part time buyers agent represent both sides in the best interest of each party? No!

Can a buyers agent change hats and become a proficient listing agent with all duties clear? Perhaps.

Can a listing agent, as the majority are, be nearly as proficient as a full time buyers agent? No!

So why is the public so lacking as an informed buyer?
Many do not care nor know about the differences, all they want is to buy that house.

I find that in dealing with many agents that they are totally confused about where their duties lie.
With the exception of getting the deal closed and over with.

I recommend that someone educates the public which will add value to our services. After all if an agent can be wear so many hats at will with little concern over loyalty why does the public need us?

I welcome your comments in a truly professional  manor. Remember, everyone can view this forever.

This site tries to explain a buyers agent    Buyers agent

My web site is http://www.sunnyspotrealty.net/

Joseph Beauvais Owner/ Agent Sunny Spot Realty Inc. Joseph Beauvais 

Sunny Spot Realty Inc

 
Post is included in group: Realtors®
Post is included in group: All Things Florida
Post is included in group: Cape Coral Florida Real Estate
Post is included in group: Americas Relocation Home Services - Our Mission is to Connect Home Buyers & Sellers With Local Real Estate Professionals
Post is included in group: South Florida Realtors

1 Comments on Public education of agency relationship and Buyers agent. Who's Job?

Joseph, I think that the best way for Realtors to inform, educate, and protect the general house-buying public is to forego any opportunity to represent both seller and buyer.  Eventually, I wouldn't be surprised if agency laws are passed to eliminate dual agency.  Lisa Heindel has written another great post about this topic "Don't Just Call the Name on the Sign."

05/03/2008 08:54 AM by Sallie Williams, MBA, Baton Rouge REALTOR (Keller Williams Realty RED STICK PARTNERS)


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Real Estate Agent: Joseph  Beauvais Owner/Agent SunnySpotRealtyInc. (Sunny Spot Realty Inc.)
Joseph Beauvais Owner/Agent SunnySpotRealtyInc.
Cape Coral, FL
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Sunny Spot Realty Inc.

Office Phone: (239) 770-0686
Cell Phone: (239) 770-0686
Email Me
I work and live in Fort Myers and Cape Coral Floirida for 30 years. I would love to hear from the public and Realtors with opinions about Florida.

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