Florida Real Estate Law requires buyers and sellers to be
notified by licensees of their authorized brokerage relationship, either as a single agent
or transaction broker. Buyer Beware - You are advised not to disclose any information you
want to be held in confidence, until you make a decision on representation.
Florida Law on Representation:
Single Agent Notice- Florida Law requires that Real Estate Licensees
operating as Single Agents disclose to Buyers and Sellers their duties. As a Single Agent,
(Brokerage Company) and it's associates owe to you the following duties:
1- Dealing honestly and fairly
2- Loyalty
3- Confidentiality
4- Obedience
5- Full Disclosure
6- Accounting of all funds
7- Skill, care and diligence in the transaction
8- Presenting all offers and counteroffers in a timely manner, unless a party has
previously directed the licensee otherwise in writing
9- Disclosing all known facts that materially affect the value of residential real
property and are not readily observable
Transaction Broker Notice- Florida Law requires that Real Estate Licensees operating as Transaction
Brokers disclose to Buyers and Sellers their role and duties in providing a limited form
of representation. As a transaction Broker, (Brokerage Company) and it's associates,
provides to you a limited form of representation that includes the following duties:
1- Dealing honestly and fairly
2- Accounting for all funds
3- Using skill, care and diligence in the transaction
4- Disclosing all known facts that materially affect the value of residential real
property and are not readily observable to the buyer
5- Presenting all offers and counteroffers in a timely manner, unless a party has
previously directed the licensee otherwise in writing
6- Limited confidentiality, unless waived in writing by a party. This limited
confidentiality will prevent disclosure that the seller will accept a price less than the
asking or listed price, that the buyer will pay a price greater than the price submitted
in a written offer, of the motivation of any party for selling or buying the property,
that a seller or buyer will agree to financing terms other than those offered, or of any
other information requested by a party to remain confidential
7- Any additional duties that are entered into by this or by separate written agreement.
Limited representation means that a buyer or seller is not responsible for the acts of the
licensee. Additionally, parties are giving up their rights to the undivided loyalty of the
licensee. This aspect of limited representation allows a licensee to facilitate a real
estate transaction by assisting both the buyer and the seller, but a licensee will not
work to represent one party to the detriment of the other party when acting as a
transaction broker to both parties.
As unfair as it seems, in most typical
real estate purchases, the only one NOT represented is the buyer.
Sellers Agent - List homes and protect the seller. It is
their legal obligation to convince you to buy that property at the highest price and at
the best terms for the seller. Remember, if
you call a phone number from a yard sign or advertisement you'll be speaking to the
listing agent who is strictly representing the Seller.
Buyers Agent - Skills are used only in the best interest of the
buyer. A buyer's agent is in a stronger position in negotiations, which typically results
in a lower purchase price. Buyers Agents are compensated by sharing the commission that
the seller has agreed to pay their listing agent and such compensation does not compromise
duties owed to the Buyer.
Our Top Team will devote the time, effort and expense of finding
you the right property. You'll receive all listings in your criteria, we'll set up
appointments, show properties, look out for your interests and negotiate on your behalf.
You're under no obligation to purchase any real estate. You simply agree to purchase thru
our Brokerage - Charles Rutenberg Realty, if you do. Or we can limit it in writing to only
the properties that we show a buyer. The majority of our activity is assisting buyers. We
take Listings when 'our buyer' must first sell a property. Transaction Brokers
- Before "Our Buyer" wants to make an offer on a Charles Rutenberg
Listing, they're advised of our full duties to facilitate the transaction
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