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My Florida Buyer’s Agent .com |
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Empowering home buyers |
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The Difference |
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Research shows that most homebuyers understand very little about whom their agents represent and its of vital importance. While Florida State law not require agents to disclose in writing whose side they are on, most required disclosures are woefully inadequate, poorly explained, glossed over, minimized, and downright confusing. Sarasota is unfortunately no exception. ARE ALL REALTORS ALIKE? No. There are three types of Realtors: Seller Agents, Exclusive Buyer Agents (or Brokers), and Transaction Brokers. 1. SELLER AGENTS - list property and represent the seller. Remember that if you are buying a home and call the listing company, it is the legal obligation of the company's agents to get the highest price and best terms for the seller. Any information given by a prospective homebuyer to the seller’s agent must be told to the sellers. This includes any reference to the buyer's financial and personal data, potentially increasing the cost of the home by thousands of dollars. 2. TRANSACTION BROKERS -- are also known as a facilitators, finders, and statutory agents. These are true non-agents because there is no liability for wrongdoing. The attempt by a growing number of real estate agents to avoid the responsibility owed to buyers and sellers is legal in a few states (including Florida and Colorado). Services by transaction brokers are substantially reduced from those of true agents, and should be avoided by all sellers and buyers. Some brokers in Sarasota do not allow their agents to be anything else other than transaction brokers. 3. EXCLUSIVE BUYER AGENTS -- represent homebuyers--never sellers. These agents are required by law to get the best price and best terms for the Homebuyer. All consumer advocates recommend that homebuyers take advantage of the benefits offered by exclusive buyer agents. Exclusive buyer agents are specialists in the home buying process. This higher level of professional service for buyers has resulted in an average of over 5% savings and greater satisfaction for homebuyers. Because these agents do not list property, they do not have company listings to try to sell to you first. Instead, all homes are available to homebuyers without bias, including New Build Construction by homebuilders, and Multiple Listing Service homes (other Realtor listings). Exclusive Buyer Brokers will better protect the interests of buyers than transaction brokers. They are more likely to negotiate a lower sale price on a home. If you are buying a home in Sarasota or any where else you should use and Exclusive Buyers Agent like Eric Johnston. |
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Sarasota / Venice |
