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Some homebuyers believe they may get a much better price on a home when they work directly with the agent who has listed the home. They expect that the real estate agent will reduce her commission Mitch Moreland Jersey , allowing the seller to accept a lower price for the home. The home buyer may feel they will gain more information about the sellers’ motivation or additional details on the property condition.


Other homebuyers believe it causes a conflict of interest, and that the agent working for the seller cannot possibly have the home buyers’ best interest. They may fear the listing REALTOR will keep details from them to avoid problems during the transaction, or they might believe the real estate agent will not give an accurate evaluation of value on the home for sale. Another common thought is that it is in the agent’s best interest to get the highest sales price, which conflicts with the home buyer’s goal to get the lowest price.


All of these scenarios are possible. When buying or selling a home in Tallahassee Luis Tiant Jersey , REALTORS work as Transaction Brokers – meaning the agent is working to facilitate the transaction, not as a legal representative to the home seller or buyer. Moreover, in all of Florida, it is presumed that all real estate licensees are operating as Transaction Brokers unless a Single Agent or No Brokerage relationship is established Johnny Pesky Jersey , in writing.


A Transaction Broker, like all real estate agents, is required to provide a number of duties and uphold certain principles. All REALTORS working as Transaction Brokers must: 1. Deal honestly and fairly. 2. Account for all funds properly. 3. Use skill, care and diligence in the transaction. 4. Disclose all known facts that materially affect the value of the property – even if they are not readily observable to the buyer. 5. Present all offers and counteroffers in a timely manner. 6. Limited confidentiality Joe Kelly Jersey , unless waived in writing by a party.


But that is how the law is written. The reality comes down to relationships.


My best advice is simple. As a homebuyer, create your relationship with a top real estate agent in Tallahassee first, then begin the process of finding a home for sale. If the home happens to be a listing of the agent you’ve selected, that’s OK because you’ve selected a great REALTOR.


So should you work with the agent of the seller? Just remember that when working with a REALTOR Jimmie Foxx Jersey , you have to see value in that agent. If the agent “came with the home,” then you should consider getting an agent of your own. If you were smart enough to choose your agent first, then there will be no conflict and you will do very well when buying a home in Tallahassee (or anywhere else for that matter).