Ormond By the Sea Florida Consumer FAQ post #6

By
Real Estate Broker/Owner with Ocean View Realty Group in Ormond By The Sea Florida BK559597
https://activerain.com/droplet/Bgq

Ormond By the Sea Florida Consumer FAQ post #6

Won’t I get a better deal if  I work directly with the listing broker?

Probably not. By contract and by Florida law the listing agent represents the seller  as his agent. The listing agent is obligated to get the best price and terms for the seller, not for you. That means that if the listing agent knows of something about the seller that would be beneficial for you, the buyer, to know, the listing agent is not allowed to reveal that information. Conversely, if the listing agent knows that you will pay  more for the property he is obligated to and will tell the seller.  So anything that you say to the listing agent may be shared with the seller and used to help the seller in the negotiations.Calculator

Many buyers believe that the listing agent will give up part of their  commission to get a sale if you deal directly with them, but that is generally not true.  

Florida law allows Realtors® to act as a Transaction Broker in a real estate transaction and that means that the Realtor® does not represent either the buyer or seller as an agent but must deal honestly and fairly with all parties in the transaction.



To search the entire Daytona Beach area multiple Listing Service (MLS) anonymously go to the Ocean View Realty Group web site at

http://webapps2.planetrealtor.com/idx/pkg_IDX.pr_IDXSearch?sStateID=FL&sRealtorID=1067885&sUserType=R&sSearchStateID=FL&sSearchSource=X . If you have any questions about buying or renting in Ormond Beach and Ormond By The Sea Florida contact Realtor® Rhonda Lehnen at Ocean View Realty Group 386-440-8245 or emailovforsale@aol.com . Rhonda can also provide you with a free market analysis if you are considering selling your Ormond By The Sea home or condo.

Contact Realtor® Rhonda today!

Visit the Ocean View Realty Group Web site at http://www.ovrealty.com/Frequently_asked_questions.html to view more Ormond By the Sea Florida frequently asked real estate questions.

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Have a great day

Al Raymondi
Ocean View Realty Group
1350 Ocean Shore Blvd. Suite A
Ormond Beach, FL 32176
Ormond By The Sea Florida sales and rentals of homes and condos www.ovrealty.com 
Click the Realtor Logo below to search the Daytona Beach Florida area MLS anonymously.
386-441-8245
Fax 386-441-2407
Mail to ovrealty@aol.com
Ormond By The Sea Florida Vacation rental homes and condos information is at www.ormondbeachcondorentals.com 

Serving Ormond Beach and Ormond By The Sea in the Daytona Beach Florida area from the same location since 1991.

Homes and condos for sale by ocean View Realty Group    Ormond Beach Florida homes and condos for Lease by Ocean View Realty Group       Search the Daytona Beach area MLS     View Al's Linked-in profile     Follow Ocean View Realty Group on Twitter

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Rainer
129,159
Insurance Solutions Unlimited,LLC
Insurance Solutions Unlimited, LLC - Winter Haven, FL
Insurance Solutions Unlimited,LLC

I have heard that myth all to often Al.... I am glad you pointed that out about the listing agents obligation to the seller! Have a great memorial day weekend!

May 26, 2012 09:52 PM #1
Rainmaker
5,074,675
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Al....there are many buyers who insist on working with the listing agent and I think they see a commission being compromised in their favor.... that doesn't happen with us.... we represent the seller, whether the buyer wants to deal with us or have their own buyer's agent....

May 26, 2012 10:00 PM #2
Rainmaker
1,101,076
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Thank you for stopping by to read my blog and to comment this morning Frank and Barbara, I appreciate your comments.  Have a great holiday weekend.

Frank, thanks, yes many buyers do not realize that the listing agent is the agent for the seller.

Larry & Sheila, thanks, we still earn our commission and do the advertising etc. necessary to get our listings sold.

May 26, 2012 10:09 PM #3
Rainmaker
3,035,601
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Good Morning AL, another great FAQ post. Congratulations on the feature blog. usually I see cash investors coming to me direct without an agent as they are experienced enough to be comfortable. Those buyers that are not expereinced should have someone helping them through the transaction. What people forget is when a buyer comes directly to the listing agent, yes the list agent gets the whole commission but the listing agent then does ALL the work to earn that commission.   

May 26, 2012 10:38 PM #4
Rainmaker
925,849
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Al, your faqs are very popular.  And, this is one of my biggest "Duhs".  Who do you think that listing agent is working for anyway?  Not you, the buyer.  Great explanation.

May 26, 2012 10:40 PM #5
Rainmaker
1,381,417
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Al, some buyers just don't get it. Why wouldn't they want representation!

May 26, 2012 11:41 PM #6
Ambassador
1,166,213
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Al, I hear this question often too. These buyers expect listing agents to give up their commission, but I have never known any who would. Congratulations of the Feature!

May 27, 2012 12:04 AM #7
Rainmaker
2,473,452
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Al the pal...people don't understand that they should want to pay and make happy anyone who is helping them on a purchase of this size. Imagine grinding down a doctor before surgery to the point where he is either indifferent or resentful...Now, imagine he is happy with scalpel in hand....Agents pay for themselves just by being involved let alone solving problems

May 27, 2012 12:35 AM #8
Rainmaker
910,748
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

The sad truth is many buyers don't see the value is having their own represenation.  I think ABR has helped, but we need to continue to post things like this for buyers to see.  Thank you.

May 27, 2012 03:37 AM #9
Rainmaker
634,330
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Al, great post. I always encourage buyers to get an agent. I've yet to see one get a better deal without their own representation.

May 27, 2012 07:56 AM #10
Rainmaker
1,101,076
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Thanks everyone for all your great comments and for the feature.  And thank you ActiveRain for the feature.

May 28, 2012 11:48 PM #11
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Rainmaker
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Al Raymondi

Ormond By The Sea Florida - Home and Condo Sales
Come live by the beach in Ormond By The Sea Florida
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