Call It Old School If Necessary | I Call It Keeping The Scale Balanced

I read a very important featured post this morning written by Eve Alexander and titled, “Orlando FL Luxury Buyers Agent,” and I cannot stop thinking about the fact that only two members reblogged this post and the comments were minimal. That was troubling to me.

In Massachusetts, we have dual agency, and it seems to be running parallel to an agent being recognized as a “transactional agent” in Florida.  No one is represented throughout the transaction with dual agency, just as with being a transactional agent.

The only one who benefits is the sole agent in the transaction.  It’s a full “payday.” There are some buyers who insist that they not be required to use a buyer’s agent. We fill out and explain an agency disclosure.  We clearly tell then and put it in writing that we are representing the seller. 

What does that mean to a buyer? It means that if there is a dispute, that buyer will be on his/her own. That is also explained. Rarely do we meet a buyer who refuses to use a buyer’s agent, but it does happen. Fortunately, we cover our selves when that happens because we “require” everyone who works with us to have an attorney. We give them a list of local real estate attorneys, and they can call and discuss fee and any other questions. With us, they WILL have representation, in spite of themselves, one way or another. That’s what I call “A Clean Deal.” I’m too old to not sleep at night, and the team members better stay alert to not miss business.  No need to be greedy. You’ll make more money when everyone is happy and realizes THEY HAVE PROPER REPRESENTATION.

As I read the post, I thought about the many comments I’ve received in the past when I wrote about this topic.  Many would say they are fair to both sides.  How does that happen, if there is a dispute?

No one ever discusses having a real estate attorney on board for each of the participants. There are great issues with both dual agency and transactional brokers and the lack of proper representation.

It’s all about the money. No one is going to like this post. It’s a topic that’s not popular, and it should be discussed with every potential buyer.  It should be discussed in detail in the presence of other agents.

I continue to promote the safe and “fair” way of doing business. Pick a side and stay there. That’s the SAFE and FAIR way of doing business.  We expect to cooperate with a buyer’s agent on every listing we have in our inventory.  

Just saying…..