professional: Single Agent, Transaction Broker, and Professional Courtesy Explained.
- 10/18/09 03:39 AM
In Florida the two most used types of relationships are Transaction Broker and Single Agency. When you operate as a transaction broker, you have to do what is right to make the deal work without hurting any party. There is no fiduciary relationship and you cannot say things like I work for the best interest of the seller or the buyer. If you say something like that you are implying a fiduciary duty of Single Agency, not Transaction Broker. When you have disclosed that you are acting as a Transaction Broker and you say that you will disclose price and terms of … (2 comments)
professional: The National Association of Realtors is to blame for our bad reputation.
- 10/13/09 02:19 AM
Here is my personal opinion: Realtors are seen as overpaid and a necessary evil. Until Brokers take the reigns and start having expectations and demand accountability and performance from their agents, nothing will change. Although this is a big part of the problem, here is the second part: Car salesmen are not considered professionals (car dealers have to have some State licensing just like us), yet we rank below them. The root of all evils is a National Association of Realtors that gives the designation to anybody with a real estate license and a checkbook. If they required a certain min number of sales per … (6 comments)
In Florida the two most used types of relationships are Transaction Broker and Single Agency.
;)
;)
