Simply Put ...
In Florida, the only way for a real estate agent to fully represent you is as a "Buyer's Agent". The 1997 "Brokerage Relationship Disclosure Act" revised Florida Law to institute only two, basic types of representation, Single Agency and Transactional Agent. ( There is a no-representation situation as well )
The 'Single Agent' works for ( owes a fiduciary to) the buyer or the seller.
A 'Transactional Broker or Agent' owes no fiduciary responsibility to either party and must not do anything, in the course of the transaction, that can be construed to be in the benefit of one side vs. the other.
Beachmaster Real Estate strives to work only as a 'Single Agent' and reverts to a Transactional status only when there may be a conflict of interest, and then with full disclosure and consent of all parties.
As a 'Seller's Agent' we have a Listing Agreement outlining the full obligation of the relationship. As a 'Buyer's Agent' we have a 'Buyer's Broker Agreement' (copy available on request) that does the same. We also abide by a long standing belief in honesty & fair dealing and have, in 30 plus years as a Realtor, never had a formal complaint filed by a member of the public or another real estate professional. This is something that we are very proud of.
If you have any questions about how a Realtor in Florida must function, or other concerns about anything relative to ethics in real estate, etc., please call 386-428-9527 or E-mail at ptyre@cfl.rr.com.
* Neither Beachmaster Real Estate nor Paul E. Tyre Jr/ Broker is a licensed Attorney or Accountant and does not act as such or offer services outside the scope or professional guidelines of a licensed Florida Real Estate Broker.
If you wish to be fully represented, share confidential information, and have full use of the talents of the agent you work with, the answer is YES.
By law, in Florida, they must be a 'Buyer's Agent'.
