Quote:
Originally Posted by StevenVenaRealtor
As a buyer you should be in contact with your agent. If you do not have representation, keep in mind the listing agent is now working as a transaction broker only and can only facilitate the transaction — they are under no obligation to provide guidance for your exclusive benefit. If you do not have your own agent, my recommendation is to contact a real estate attorney to be sure your are compliant and your rights under the contract are protected — timing matters!
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Not exactly. The listing agent is not working as a transaction broker unless they have the written consent of the seller. As a seller, I would never allow the listing agent to act as a transaction broker until all contingencies in the sales contract were satisfied.
CONSENT TO TRANSITION TO
TRANSACTION BROKER
FLORIDA LAW ALLOWS REAL ESTATE LICENSEES WHO REPRESENT A BUYER OR SELLER AS A SINGLE AGENT TO CHANGE FROM A SINGLE AGENT RELATIONSHIP TO A TRANSACTION BROKERAGE RELATIONSHIP IN ORDER FOR THE LICENSEE TO ASSIST BOTH PARTIES IN A REAL ESTATE TRANSACTION BY PROVIDING A LIMITED FORM OF REPRESENTATION TO BOTH THE BUYER AND THE SELLER. THIS CHANGE IN RELATIONSHIP CANNOT OCCUR WITHOUT YOUR PRIOR WRITTEN CONSENT.