Ninety six percent of all Real Estate Brokerages have contractual obligations with Sellers. These obligations are created by the Listing Contracts the brokerage and it’s Agents enter into with Sellers. Real Estate Agents, working for these sales obligated brokerages, work as Listing Agents but also work as Buyer Agents. Because these brokerages and their agents attempt to serve the conflicting objectives of both the buyer and seller, many believe this creates an inherent “conflict of interest”.
In Florida, if your Buyers Agent shows you properties listed buy his/her company, they are acting as a “transaction broker”, because of the conflict of interest, not as your Buyers AGENT. As a Transaction Broker they can not provide fiduciary representation, full disclosure or have an Agent relationship with you. You will be required to give up these Buyer Agent benefits or find another Buyers Agent. This is the difference between a BUYERS BROKERAGE and a traditional Brokerage serving both buyers and sellers.
A Real Estate Brokerage commitment to Buyers exclusively and lacking obligations to sell or solicit property, can focus entirely on the buyers needs and best interest. Buyers benefit from in-depth property research, full disclosure of all relevant information, total confidentiality and true fiduciary representation . An Exclusively Buyer’s Brokerage just makes good sense… if you’re Buying a Florida home.
